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VOL. 187, NO. 19 | 2016
59 | Joel Stein on
how idiots took over
The Passion of George C. Wolfe America
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By Richard Zoglin 42 Megyn Kelly
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6
‘We see you. Carnival
Adonia
The cruise ship *272
We stand with you.’
LORETTA LYNCH,
was the irst in
decades to make
a U.S.-Cuba
circuit
:25.
Carnival
Pride
The ship crashed
into a gangway in
‘THIS IS NOT Baltimore; no
LY N C H , Q U E E N E L I Z A B E T H I I : G E T T Y I M A G E S; M O S S : A P ; A D O N I A , P R I D E : C O U R T E S Y C A R N I VA L C R U I S E L I N E ; 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
one was hurt
A REALITY
SHOW.’
PRESIDENT OBAMA, warning against the rise
of former reality-TV star Donald Trump after
the billionaire businessman became the
presumptive Republican presidential nominee
‘They were
very rude.’
QUEEN ELIZABETH II, caught in a rare unguarded
PLOOLRQ 50,000
Pounds of raw potatoes that closed down
moment on video describing the conduct of Chinese
oficials during a state visit by President Xi Jinping
$671
million
Value of Amazon stock
sold by the company’s
CEO, Jeff Bezos, the most
‘If I do bad, shoot me.’
RODRIGO DUTERTE, President-elect of the Philippines, declaring victory after
the founder has sold
a campaign that saw the controversial Davao City mayor joke about gang rape
SOURCE: CNN
EVERY GREAT JOURNEY
Total number of destinations served based on September 2015 schedule. All SkyMiles® program rules apply. See delta.com/memberguide
for details. Taxes and fees for Award Travel are the responsibility of the passenger and must be paid at the time the ticket is booked.
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Caps off!
Today we
celebrate
the success
of so many...
Clinton meets with voters on May 9 at Mug’n Muin bakery in Aldie, Va.
ELECTION 2016 EVERYONE EXPECTED HILLARY to say about him and how he’s running
Clinton to come out swinging. Days his campaign,” Clinton said before
Hillary’s new earlier, Donald Trump had called whisking of to meet parents picking
plan to trump her an “enabler” of her husband’s
philandering—just the latest taunt
up their children from a nearby
preschool. “Pickup time! Pickup
Trump—by from a man whose inlammatory com-
ments about women are increasingly
time!” she sang to herself.
Message delivered: if Trump wants
being boring aimed at one woman in particular. a mud ight—and judging by how
But when Clinton met with voters he’s trolling his own party, including
By Philip Elliott and
on May 9 at a bakery in Aldie, Va., House Speaker Paul Ryan, it seems
Charlotte Alter a spread of untouched muins and as if he does—she has other plans.
croissants became a symbol of the bait The strategy is to bet that voters grow
she wouldn’t take—not yet, anyway. weary of the Trump drama and antics
Instead she went for policy over and to establish the battleield on
personality, hammering home how which the 2016 general election will
she would encourage early-childhood be fought: a contest of policy, not a
education and work to make college name-calling tweet battle. Clinton’s
more afordable. And when harangued team believes even the soccer moms
by reporters about Trump’s venom, who dislike her or disagree with her
Clinton sounded more Secretary of politics might think she’s a safer
GE T T Y IMAGES
State than candidate. “I have nothing option than “loose cannon” Trump.
Before you praise Clinton as the when she’s in campaign mode. Her ap-
grownup, it’s worth remembering proval rating was at 38% during her
this reality: she’s a lousy politician, husband’s 1992 campaign, only to rise
by her own admission. Clinton has past 66% when she was First Lady.
never commanded huge crowds, The number fell back to 48% when
and she continues to lose primaries, she ran for President in 2008, but re-
most recently in West Virginia. bounded to 66% when she was Secre-
But her wonk shop at her Brooklyn tary of State, according to Gallup.
headquarters rivals the White House’s In short, Americans like Hillary
Domestic Policy Council. Clinton the nerdy technocrat. They do
That doesn’t mean Clinton’s team not like Hillary Clinton the candidate.
is conident of victory. Far from it. So Clinton’s advisers told her, Stop
But its leaders have settled into a acting like a candidate. Don’t wait for
governing-over-glamour plan in a way the seesaw. Just be a wonk.
that Trump’s Republican rivals never And that’s what she gave the
did, and the candidate has far more kafeeklatsch. It was so boring that
discipline and a thicker skin than any you could practically hear the muins
of the 16 whom Trump vanquished. getting crusty. A baby cried. A school-
Before the bakery visit, her age child swung his feet. Clinton
economic advisers were on a looked attentive, listening carefully SPOTLIGHT
conference call explaining to to voters who asked thoughtful ques-
reporters why Trump’s economic tions about education, child-care costs Rodrigo Duterte: the
plan wouldn’t work. It wasn’t that and paid family leave. She squinted Trump of the East?
Trump was a bad guy. It’s that he to show she was listening, wrapped in On May 9, the Philippines elected Duterte as
didn’t know anything about the the cozy comfort of child care and President. His populist style and controversial
economy, taxes or managing the educational policy, her version rhetoric have drawn wide comparisons to
U.S. debt. “We still think facts of a security blanket. Donald Trump. But are they really all that
and numbers matter and Just a grandma sipping cof- similar? —Charlie Campbell/Davao
should in this campaign,” fee and talking about the
THE CASE FOR ... ... AND AGAINST
said Gene Sperling, importance of arts
an economic education with ▽ ▽
Both are unafraid to Duterte, raised
adviser in the a couple dozen use brash language. Catholic, is an
administrations moms (and a Trump calls Mexicans advocate for
of both Clinton’s few dads). If rapists; the minority groups,
husband and Donald Trump is the great controversial former iercely backing
mayor of Davao City calls by his country’s
Barack Obama. boor of the 2016 election, then jokes about gang marginalized Moro
This playbook has Hillary Clinton is the great rape. One vows to Muslims for greater
worked before. Most bore. This is Clinton’s new groove build a wall at the autonomy, and has
people don’t like Clinton of snooze. □ Mexican border; the even supported gay
other threatens to marriage. Trump
“butcher” criminals. has threatened to
Trump vs. the GOP Both have used bar Muslims from
The billionaire businessman has suffered a raft of high-proile defections stump speeches to visiting the U.S. and
since becoming the presumptive Republican nominee brag about the size of is against marriage
their manhood. equality.
▽ ▽
Both men have run Duterte, 71, has
populist campaigns spent nearly 40 years
that have had global in public service,
repercussions. irst as a prosecutor
JEB BUSH MITT ROMNEY PAUL RYAN BEN SASSE A spokesman for Trump’s plan to halt and later as a mayor
Former Florida Former House Speaker Nebraska former President
governor Senator
Muslim immigration and Congressman.
Massachusetts GEORGE W. BUSH
governor was condemned His election to his
‘I’m just not worldwide, while nation’s highest
‘In November, ready to ‘With Clinton ‘[He] does
I will not vote Duterte’s remark ofice is credited to
‘I don’t intend [endorse and Trump, not plan to that he “should have his zero-tolerance
for Donald on supporting Trump] at the ix is in. participate in or been irst” in the approach to crime
Trump or either of the this point.’ Heads, they comment on the 1989 gang rape of in Davao. Trump
Hillary major-party win; tails, presidential a missionary drew has not held
Clinton.’ candidates.’ you lose.’ campaign.’ censure from the U.S. elected ofice
and Australia. in the U.S.
HEALTH
Electronic cigarettes
are poisoning rising
numbers of children,
according to a new
report that analyzed
calls to the National
Poison Data System.
The study was released
the same week the
FDA said it would
begin regulating the
sale and marketing of
e-cigarettes.
VICTORIOUS VETERANS A member of the U.S. sitting-volleyball team celebrates a score during a
best-of-three win over the U.K. in the second Invictus Games for wounded veterans in Orlando. Prince Harry,
who started the games in 2014 to honor veterans and promote the role of sports in rehabilitation, lost $20
POLITICS in a bet with a U.S. vet over the outcome of the gold-medal game. This year, 15 nations competed in 10
Brazilian President events. Photograph by Tim Rooke—REX/Shutterstock
Dilma Rousseff
was expected to
face impeachment
proceedings after a
May 11 vote, with a REAL ESTATE most isolated in the world and have
majority of Senators This land could be fewer than 50 residents. The local
reported to be in government gives land to settlers of all
favor of suspending your land—for free nations, who can apply for residential,
her and putting her
on trial for inancial
garden, forest or orchard plots.
impropriety. RUSSIAN PRESIDENT VLADIMIR PUTIN
T R U M P, D U T E R T E , H E A LT H , P O L I T I C S : A P ; T R U M P V S . T H E G O P (5 ), M I L I TA R Y: G E T T Y I M A G E S
M I L I TA R Y: A P ; R E F U G E E S , C U R R Y: G E T T Y I M A G E S; C R I M E : R E U T E R S ; L A W : S K I P F O R E M A N — A P
TECHNOLOGY
resignation.
What Facebook isn’t telling you
A new report from tech blog Gizmodo alleges that Facebook’s Trending feature is curated by
humans, some of whom bury content from conservative news outlets. (Facebook denied the report,
saying it has “rigorous” neutrality policies.) Here are answers to key questions. —Victor Luckerson
regular- CNN/ORC poll, and a broad coali- haps, clarity about the limits of
season tion of major corporations have equal protection under the law. Spain
inish in united to ight against them. Says University of Michigan law
league The same playbook was professor Samuel Bagenstos:
history.
used by opponents in North “People will look back on this law
Carolina. Entertainers like Bruce and this litigation as a very impor- Men Women
Springsteen canceled concerts. tant moment.”—KATY STEINMETZ 11:37 P.M. Midnight
11
LightBox
Scorched
earth
A swing set is among
the charred remains of a
neighborhood gutted by
a massive wildire in Fort
McMurray, Alberta, on May 6.
More than 80,000 people
were evacuated from the
city, a hub of Canada’s once
booming oil-sands region.
Although at least 2,400
homes and buildings were
destroyed, some 85% of the
area remains intact.
Dinner? Done.
MONDAY TUESDAY
WWW.REALSIMPLE.COM / MEALPLANNER
‘I SAW MYSELF THROUGH MY SON’S WORDS—AND DIDN’T LIKE HOW I LOOKED.’ —PAGE 22
The Feb. 29 Black Student Union protest at UC Riverside was one of hundreds at U.S. colleges this year
RACE PITY THE COMMENCEMENT SPEAK- seen U.S. schools so roiled. The latest
ers charged with capping the 2015–16 results from a long-running annual
What schools academic year. After two semesters of UCLA study, published in February,
should learn vigorous protest at campuses all over
the nation, how can the usual chase-
quantiied the phenomenon. The
share of freshmen nationwide who
from student your-dreams exhortations suice?
At the University of Missouri,
said there was a “very good chance”
they would participate in a protest
protests a graduate student’s hunger strike
prompted the football team to an-
while enrolled rose to 8.5% from 5.6%
in 2014. (Among black students, the
By Jack Dickey nounce a walkout, compelling in turn share climbed from 10.5 % to 16%.)
the resignations of the university pres- These igures were the highest the
ident and chancellor. At Claremont survey had recorded since it began in
McKenna College in California, pro- 1967, stretching back from the eras of
testers drove out the dean of students. protests against the war in Iraq, the
Under pressure, Harvard and Yale did antiapartheid movement, the Kent
L O S A N G E L E S T I M E S/G E T T Y I M A G E S
away with the title “master.” And at State shootings and the draft.
more than 50 schools in all, student Yet for all its ubiquity and urgency,
protesters made demands—for greater the year’s groundswell—following re-
faculty diversity, new courses, public cent years’ campus actions on sexual
apologies, administrators’ ousting. assault and student debt—has man-
It’s been half a century since we’ve aged only to bale the broader pub-
lic. The movement’s message may have been lost BOOK IN BRIEF
amid the talk of “trigger warnings,” “safe spaces” VERBATIM Dating isn’t dead—
and all manner of ideas anathema to free-speech ‘I got on a and history proves it
advocates. prescription
But animating almost every march, die-in and IN THE AGE OF SEXTING AND TINDER,
issuance of demands was a provocative, unassail-
when I was it’s common to hear older generations
able claim: Black students matter, and they will really young to bemoan the death of dating—especially
no longer tolerate the status quo, no matter the help with my compared with other decades, when
decades of apparent progress in higher ed and anxiety and it was de rigueur to meet for dinner
elsewhere. depression and a movie. But did those “good old
One of the signature achievements of the and I still take days” ever actually exist? In her new
last century was the reconstitution of America’s it today, and I book, Labor of Love, author Moira Wei-
higher-education system. After World War II, have no shame gel argues that for
student bodies at the country’s public and private in that.’ as long as mod-
institutions started to look like America itself. But ern dating has
KRISTEN BELL, actor,
their faculties have not caught up. Less than 6% arguing that we should
existed in the
of full-time faculty at four-year institutions are treat mental health just U.S.—since the
African American. Faculty diversity has proved as routinely as physical early 1900s, when
health
harder to pull of than student-body diversity; the young women left
problem comprises not only universities’ struggle their homes for
to keep professors from leaving but also the work in the out-
diiculty in diversifying doctoral programs. side world—there
This gap is pernicious, warping the curriculum have been critics
and how students see themselves. At Towson Uni- of the way it’s car-
versity, sophomore Bria Johnson, who protested ried out. Early on, it was the meet-ups
racism on campus this fall, says her peers draw the themselves; women who were treated
wrong lesson when the cafeteria workers are al- to meals and shows were likened to
most all black and the professoriate is almost all prostitutes. By the ’50s and ’60s, par-
white. Adds Bilphena Yahwon, a Towson senior, ents were lamenting the decay of moral
“Being black on this campus . . . you know that values as their kids were “parking” and
there’s a me and there’s a them. And you’re always going to “petting parties.” And yet peo-
hyperconscious of everything you do. You’re con- ple still managed to ind happiness and
stantly editing yourself. I don’t want to be too black. romance, Weigel concludes, just as they
I don’t want to it into that stereotype.” will today: “Reports of the death of dat-
In recent months, university presidents have ing [have] been greatly exaggerated.”
pledged to address this problem. Yale vowed —SARAH BEGLEY
to spend $50 million on faculty diversity and
established an interdisciplinary center devoted to
the study of race, indigeneity and transnational
migration. Brown has said it will double its faculty CHARTOON
diversity by 2025. And college presidents at less Phonetically deined
wealthy universities have signed of on protesters’
demands, promising movement on a handful of
related issues.
Making black students and professors feel truly
welcome at predominantly white U.S. colleges will
require heavy lifting. And anything that does work
will take years to show results. There’s a reason
President Obama chose Norman Rockwell’s 1964
painting The Problem We All Live With, about
the pains of integration, to hang outside the Oval
Oice in 2011. Colleges without war chests would
be well advised to do their damnedest to promote
openness, tolerance and curiosity among their
BELL: GE T T Y IMAGES
Own a Piece of
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©2015 Time Inc. TIME and LIFE are trademarks of Time Inc.
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BIG IDEA
Edible cutlery
Every year, humans waste billions of pieces of plastic flatware, which clog landills and hurt the DISCOVERY
environment. So Indian startup Bakeys invented a line of forks, spoons and chopsticks that THREE
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sold well in India. Now Bakeys is focused on new markets; it recently raised more than $278,000 Some very big news
on Kickstarter for a global expansion. —Julie Shapiro broke 40 light-
years away, where
astronomers just
discovered a trio of
very Earth-like planets
orbiting a star named
Trappist-1, which could
harbor life. Here’s what
makes them special.
THEIR SIZE
All three planets are
about the diameter of
Venus or Earth, which
means they probably
have rocky surfaces
where life can emerge
and thrive.
THEY’RE WARM
The planets orbit very
close to their star,
which should make
them too hot, except
the star is what’s
known as an “ultracool
dwarf,” meaning that
close is good. That
could make for shirt-
sleeve temps.
THEY’RE WET
REVIEW In Missing Man: The American Spy (MAYBE)
Missing Man: The Who Vanished in Iran, New York Times Water is common in
space. If it exists on
reporter Barry Meier provides a ine-grained
American Spy chronology of the so-far fruitless eforts to
these three worlds
with their balmy
Who Vanished in Iran persuade Iran to release Levinson, eforts temperatures, it would
likely be liquid.
that take in arms dealers, the U.S. National
IN MARCH 2007, A RETIRED FBI AGENT Prayer Breakfast, Russian oligarchs and THEY HAVE AIR
named Bob Levinson, fretting about his an angry Kurd. There is a good deal of (MAYBE)
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I L L U S T R AT I O N S B Y T O M A S Z W A L E N TA F O R T I M E
academics and linguists are trying to search result for on leek: “A work Lowering the bar is a key part of
solve: lexicographers, the experts who [sic] used by uncultured idiots.” Says McKean’s plan for Bay Area–based
write gold-standard deinitions, can- Dictionary.com lexicographer Jane Wordnik, which aims to be more re-
not keep up with demand in an era when Solomon: “You have to sift through sponsive than traditional dictionaries
words travel by iber-optic cable and a lot to get to these core pieces of in- but more authoritative than crowd-
not just by mouth or mail. As Aston Uni- formation.” Lexicographer Jonathon sourced sites. “There’s a lot of word-
versity linguist Jack Grieve says, “A new Green, who wrote the most compre- shaped objects out there, way too many
word is more likely to take of and spread hensive dictionary of English slang ever to write deinitions for all of them,” she
now than in the past because it’s easier printed, is less diplomatic: “It is a joke.” says. “So how do we solve this problem?
What’s the
word
Jack Grieve, a linguist
at the U.K.’s Aston
University, says that
thanks to the web, new
words can travel faster
and existing ones can
quickly become new
obsessions. Here are a
few examples:
Baeless On leek Tookah
(bey’-les) (awn fleek) (took’-uh)
Single; without a mate On point; looking good Marijuana; Mary Jane;
weed; pot
20 TIME May 23, 2016
Well, it turns out journalists deine ‘A new word is more concept known as disambiguation—
words all the time.” McKean raised likely to take of and aren’t so simple for computers. If the
nearly $60,000 on Kickstarter to invest spread now than in the likes of Siri hear the words money
in machine learning, so her startup can past because it’s easier and bank in close proximity, that can
get better at scraping quality deinitions help her igure out what a person is
from sources like magazines, blogs and
for it to move.’ talking about.
newspapers. Soon, when people search JACK GRIEVE, Aston University linguist When a user types a term into the
for a word on her site, even if they don’t BabelNet search bar, responses come
get a deinition, they will still get help- back in a list that starts with the one
ful clues: example sentences from ar- famous corporate logo. Navigli calls it it thinks you meant, partly based on
ticles, tweets that contain the word, pic- BabelNet, after the biblical tower and how many connections the term has.
tures from Flickr that have been tagged the technology he believes can bridge Type in “plane” and up comes an
with that term. Look up the word cook- the world’s languages. “The idea is to airplane, followed by a geometric plane
print, for example, and up pops an ex- put a lot of resources together, all the re- and a metaphysical plane. A user can
cerpt from a Consumer Reports blog: sources that people usually access sepa- hear the word spoken out loud and
“And cut down on your cookprint—the rately,” he says. As it stands, BabelNet translate it into languages ranging from
energy you use to prepare the food you has 14 million entries, with information Haitian Creole to Cherokee. One can
eat.” McKean thinks such snippets are in 271 languages, drawing on more than also explore the network, traveling
helpful enough for many people’s pur- a dozen giant sources of data. from the airplane entry to amphibious
poses. “Most of the words you learned The irst two that Navigli combined aircraft to the history of aviation to the
in your life, you never read a deinition were Wikipedia and a network built at reclusive aviator Howard Hughes. To
for. You just read them in a sentence or Princeton University called WordNet. increase BabelNet’s reliability, Navigli
heard someone say them,” she says. While print dictionaries organize has released online games and this fall
words in relatively useless alphabetical plans to launch a social network through
THEN THERE ARE PEOPLE like Roberto order, the academics at Princeton which users will validate material that
Navigli, a computer scientist and as- manually arranged words based on comes from places like Wikipedia.
sociate professor at Sapienza Univer- their meanings, grouping sets that go, And he’s going to keep adding more
sity in Rome, who is going far beyond for instance, from general to speciic data in the meantime, plowing ahead
the “what’s that word mean” use case. and from part to whole. So there is with all the optimism of a Silicon Valley
He has built a network that may well be a set that connects vehicle to car to technocrat. “The more we integrate,
the dictionary of the future, one orga- convertible and a connection from the more conirmation we have that
nized using the meanings of words, not car to its components: the engine, some translation or some deinition
their spellings. His database is part en- the wheel, the piston. Like WordNet, is appropriate. It is a virtuous cycle,”
cyclopedia and part translator, in which BabelNet has the potential to help Navigli says. Search for the meaning of
terms come with illustrations—and will with artiicial intelligence. While it’s that phrase on BabelNet and you get
soon come with videos and animation. easy for humans to understand which seven deinitions, one of which is this:
It includes entities as well as words, so bank a person means from context “a situation in which the solution to one
a search for apple produces results that (whether it’s a pool shot or the place problem makes each future problem
contain a picture of fruit as well as the to ind an ATM), such distinctions—a easier to solve.” □
Etzioni believes that the machines we have now, our cades. Which is more than enough time
smartphones and tablets, are efectively appliances. “It seems for me to solve this uggo problem.
to me that we reserve politeness as a social lubricant,” he says.
“It has a purpose.” And as a father, Etzioni is concerned that his Pullen is technology columnist for TIME
22 TIME May 23, 2016
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ISSUES + 2016
Over the past four decades, the rules that govern the
United States’ free-market system have been warped.
That, Rana Foroohar argues in her new book,
Makers and Takers, seriously imperils every American’s
economic future. How we got here and how to ix it
COUPLE OF WEEKS creating new jobs, new wealth and, ultimately, eco-
ago, a poll con- nomic growth. Of course, there were plenty of
ducted by the Har- blips along the way (most memorably the specula-
vard Institute of tion leading up to the Great Depression, which was
Politics found later curbed by regulation). But for the most part,
something startling: STAGNANT inance—which today includes everything from
only 19% of Ameri- INCOME banks and hedge funds to mutual funds, insurance
cans ages 18 to 29 irms, trading houses and such—essentially served
identiied themselves as “capitalists.” In the rich- Financialization has business. It was a vital organ but not, for the most
est and most market-oriented country in the world, funneled wealth up, part, the central one.
not down, which is partly
only 42% of that group said they “supported capital- why middle-class Over the past few decades, inance has turned
wages have hardly
ism.” The numbers were higher among older people; budged since the 1960s away from this traditional role. Academic research
still, only 26% considered themselves capitalists. A shows that only a fraction of all the money wash-
little over half supported the system as a whole. Wages ing around the inancial markets these days actu-
This represents more than just millennials not ally makes it to Main Street businesses. “The inter-
Average hourly pay
minding the label “socialist” or disafected middle- has increased just mediation of household savings for productive
aged Americans tiring of an anemic recovery. This is $1.25 in 50 years investment in the business sector—the textbook de-
a majority of citizens being uncomfortable with the after adjusting scription of the inancial sector—constitutes only a
country’s economic foundation—a system that over for inflation minor share of the business of banking today,” ac-
hundreds of years turned a ledgling society of farm- 2015 cording to academics Oscar Jorda, Alan Taylor and
ers and prospectors into the most prosperous nation $21.04 Moritz Schularick, who’ve studied the issue in detail.
in human history. To be sure, polls measure feelings, By their estimates and others, around 15% of capi-
1965
not hard market data. But public sentiment relects $19.79
tal coming from inancial institutions today is used
day-to-day economic reality. And the data (more on to fund business investments, whereas it would
that later) shows Americans have plenty of concrete have been the majority of what banks did earlier in
reasons to question their system. the 20th century.
This crisis of faith has had no more severe expres- “The trend varies slightly country by country, but
sion than the 2016 presidential campaign, which has the broad direction is clear,” says Adair Turner, a for-
turned on the questions of who, exactly, the system mer British banking regulator and now chairman of
is working for and against, as well as why eight years the Institute for New Economic Thinking, a think
and several trillions of dollars of stimulus on from the tank backed by George Soros, among others. “Across
inancial crisis, the economy is still growing so slowly. all advanced economies, and the United States and
All the candidates have prescriptions: Sanders talks the U.K. in particular, the role of the capital markets
of breaking up big banks; Trump says hedge funders and the banking sector in funding new investment
should pay higher taxes; Clinton wants to strengthen is decreasing.” Most of the money in the system is
existing inancial regulation. In Congress, Republi- being used for lending against existing assets such
can House Speaker Paul Ryan remains committed as housing, stocks and bonds.
to less regulation. To get a sense of the size of this shift, consider that
All of them are missing the point. America’s eco- the inancial sector now represents around 7% of the
nomic problems go far beyond rich bankers, too-big- U.S. economy, up from about 4% in 1980. Despite cur-
to-fail inancial institutions, hedge-fund billionaires, rently taking around 25% of all corporate proits, it
ofshore tax avoidance or any particular outrage of creates a mere 4% of all jobs. Trouble is, research by
the moment. In fact, each of these is symptomatic of numerous academics as well as institutions like the
a more nefarious condition that threatens, in equal Bank for International Settlements and the Interna-
measure, the very well-of and the very poor, the red tional Monetary Fund shows that when inance gets
and the blue. The U.S. system of market capitalism that big, it starts to suck the economic air out of the
itself is broken. That problem, and what to do about room. In fact, inance starts having this adverse efect
it, is at the center of my book Makers and Takers: The when it’s only half the size that it currently is in the
P R E V I O U S PA G E S : I L L U S T R AT I O N B Y L O N T W E E T E N
Rise of Finance and the Fall of American Business, a U.S. Thanks to these changes, our economy is gradu-
three-year research and reporting efort from which ally becoming “a zero-sum game between inancial
this piece is adapted. wealth holders and the rest of America,” says former
To understand how we got here, you have to un- Goldman Sachs banker Wallace Turbeville, who runs
derstand the relationship between capital markets— a multiyear project on the rise of inance at the New
meaning the inancial system—and businesses. From York City–based nonproit Demos.
the creation of a uniied national bond and bank- It’s not just an American problem, either. Most of
ing system in the U.S. in the late 1790s to the early the world’s leading market economies are grappling
1970s, inance took individual and corporate sav- with aspects of the same disease. Globally, free-
ings and funneled them into productive enterprises, market capitalism is coming under ire, as countries
28 TIME May 23, 2016 S O U R C E : B U R E A U O F L A B O R S TAT I S T I C S
across Europe question its merits and emerging the late 1970s onward. According to Krippner, that
markets like Brazil, China and Singapore run their MAIN STREET shift encompasses Reagan-era deregulation, the un-
CREDIT
own forms of state-directed capitalism. An ideolog- CRUNCH leashing of Wall Street and the rise of the so-called
ically broad range of inanciers and elite business ownership society that promoted owning property
managers—Warren Bufett, BlackRock’s Larry Fink, Commercial banks’ and further tied individual health care and retire-
interest in small-business
Vanguard’s John Bogle, McKinsey’s Dominic Bar- lending has waned ment to the stock market.
ton, Allianz’s Mohamed El-Erian and others—have because it tends to be The changes were driven by the fact that in the
less profitable than other
started to speak out publicly about the need for a types of financial activity 1970s, the growth that America had enjoyed fol-
new and more inclusive type of capitalism, one that lowing World War II began to slow. Rather than
also helps businesses make better long-term deci- Small-business make tough decisions about how to bolster it
sions rather than focusing only on the next quar- loans (which would inevitably mean choosing among
ter. The Pope has become a vocal critic of mod- In 2015, 50% of various interest groups), politicians decided to pass
ern market capitalism, lambasting the “idolatry of small businesses that responsibility to the inancial markets. Little
money and the dictatorship of an impersonal econ- had a inancing by little, the Depression-era regulation that had
shortfall, securing
omy” in which “man is reduced to one of his needs less than the full served America so well was rolled back, and inance
alone: consumption.” amount requested grew to become the dominant force that it is today.
During my 23 years in business and economic The shifts were bipartisan, and to be fair they often
journalism, I’ve long wondered why our market sys- seemed like good ideas at the time; but they also
tem doesn’t serve companies, workers and consum- came with unintended consequences. The Carter-
ers better than it does. For some time now, inance era deregulation of interest rates—something that
has been thought by most to be at the very top of the was, in an echo of today’s overlapping left- and
economic hierarchy, the most aspirational part of an right-wing populism, supported by an assortment
advanced service economy that graduated from agri- of odd political bedfellows from Ralph Nader to
culture and manufacturing. But research shows just As a result, 32% Walter Wriston, then head of Citibank—opened
how the unintended consequences of this misguided of growing irms the door to a spate of inancial “innovations” and a
belief have endangered the very system America has reported that shift in bank function from lending to trading. Rea-
they had to delay
prided itself on exporting around the world. expansion
ganomics famously led to a number of other eco-
nomic policies that favored Wall Street. Clinton-
AMERICA’S ECONOMIC ILLNESS has a name: i- era deregulation, which seemed a path out of the
nancialization. It’s an academic term for the trend economic doldrums of the late 1980s, continued
by which Wall Street and its methods have come the trend. Loose monetary policy from the Alan
to reign supreme in America, permeating not just Greenspan era onward created an environment in
the inancial industry but also much of American which easy money papered over underlying prob-
business. It includes everything from the growth lems in the economy, so much so that it is now
in size and scope of inance and inancial activity chronically dependent on near-zero interest rates
and 21% turned to
in the economy; to the rise of debt-fueled specu- personal funds to to keep from falling back into recession.
lation over productive lending; to the ascendancy inance their business
of shareholder value as the sole model for corpo- THIS SICKNESS, not so much the product of venal
rate governance; to the proliferation of risky, self- SOURCE: FEDER AL RESERVE interests as of a complex and long-term web of
SMALL BUSINESS CREDIT SURVE Y
ish thinking in both the private and public sectors; changes in government and private industry, now
to the increasing political power of inanciers and manifests itself in myriad ways: a housing market
the CEOs they enrich; to the way in which a “mar- that is bifurcated and dependent on government
kets know best” ideology remains the status quo. life support, a retirement system that has left mil-
Financialization is a big, unfriendly word with broad, lions insecure in their old age, a tax code that favors
disconcerting implications. debt over equity. Debt is the lifeblood of inance;
University of Michigan professor Gerald Davis, with the rise of the securities-and-trading portion of
one of the pre-eminent scholars of the trend, likens i- the industry came a rise in debt of all kinds, public
nancialization to a “Copernican revolution” in which and private. That’s bad news, since a wide range of
business has reoriented its orbit around the inancial academic research shows that rising debt and credit
sector. This revolution is often blamed on bankers. levels stoke inancial instability. And yet, as inance
But it was facilitated by shifts in public policy, from has captured a greater and greater piece of the na-
both sides of the aisle, and crafted by the government tional pie, it has, perversely, all but ensured that
leaders, policymakers and regulators entrusted with This article was debt is indispensable to maintaining any growth
keeping markets operating smoothly. Greta Krippner, adapted from at all in an advanced economy like the U.S., where
another University of Michigan scholar, who has writ- Foroohar’s Makers 70% of output is consumer spending. Debt-fueled
ten one of the most comprehensive books on inan- and Takers inance has become a saccharine substitute for the
cialization, believes this was the case when inancial- (Crown), out real thing, an addiction that just gets worse. (The
ization began its fastest growth, in the decades from this month amount of credit ofered to American consumers
29
has doubled in real dollars since the 1980s, as have by creating more price volatility. Big tech compa-
the fees they pay to their banks.) FEWER nies have begun underwriting corporate bonds the
GOLDEN
As the economist Raghuram Rajan, one of the YEARS way Goldman Sachs does. And top M.B.A. programs
most prescient seers of the 2008 inancial crisis, ar- would likely encourage them to do just that; inance
gues, credit has become a palliative to address the Americans are finding it has become the center of all business education.
harder to save enough
deeper anxieties of downward mobility in the middle money to retire; high Washington, too, is so deeply tied to the ambas-
class. In his words, “let them eat credit” could well asset-management sadors of the capital markets—six of the 10 biggest
fees can eat up
summarize the mantra of the go-go years before the retirement-fund gains individual political donors this year are hedge-
economic meltdown. And things have only deterio- fund barons—that even well-meaning politicians
rated since, with global debt levels $57 trillion higher Retirement and regulators don’t see how deep the problems
than they were in 2007. Today, workers
are. When I asked one former high-level Obama
The rise of inance has also distorted local econo- 25 to 35 years old are Administration Treasury oicial back in 2013 why
mies. It’s the reason rents are rising in some commu- planning to retire more stakeholders aside from bankers hadn’t been
nities where unemployment is still high. America’s later than their consulted about crafting the particulars of Dodd-
counterparts two
housing market now favors cash buyers, since banks decades ago
Frank inancial reform (93% of consultation on the
are still more interested in making proits by trading Volcker Rule, for example, was taken with the i-
than by the traditional role of lending out our sav- nancial industry itself), he said, “Who else should
ings to people and businesses looking to make long- 1996 2016 we have talked to?” The answer—to anybody not
term investments (like buying a house), ensuring that profoundly inluenced by the way inance thinks—
65 or younger
younger people can’t get on the housing ladder. One might have been the people banks are supposed to
perverse result: Blackstone, a private-equity irm, is lend to, or the scholars who study the capital mar-
currently the largest single-family-home landlord in kets, or the civic leaders in communities decimated
America, since it had the money to buy properties by the inancial crisis.
up cheap in bulk following the inancial crisis. It’s 84% 57%
at the heart of retirement insecurity, since fees from OF COURSE, there are other elements to the story of
actively managed mutual funds “are likely to con- Older than 65 America’s slow-growth economy, including familiar
iscate as much as 65% or more of the wealth that . . . trends from globalization to technology-related job
investors could otherwise easily earn,” as Vanguard destruction. These are clearly massive challenges in
founder Bogle testiied to Congress in 2014. their own right. But the single biggest unexplored
It’s even the reason companies in industries from reason for long-term slower growth is that the inan-
autos to airlines are trying to move into the business 8% 34% cial system has stopped serving the real economy
of inance themselves. American companies across and now serves mainly itself. A lack of real iscal
every sector today earn ive times the revenue from Never retire action on the part of politicians forced the Fed to
inancial activities—investing, hedging, tax optimiz- pump $4.5 trillion in monetary stimulus into the
ing and ofering inancial services, for example—that economy after 2008. This shows just how broken
they did before 1980. Traditional hedging by energy the model is, since the central bank’s best eforts
and transport irms, for example, has been over- have resulted in record stock prices (which enrich
taken by proit-boosting speculation in oil futures, 3% 2% mainly the wealthiest 10% of the population that
a shift that actually undermines their core business REM A INING PERCEN TAG ES D O NOT
K N OW W HEN T HE Y W IL L RE T IRE S O U R C E : E M P L OY E E B E N E F I T R E S E A R C H I N S T I T U T E
How to Make
finance
“Too big to fail” is a
problem, but so is
Stop
rewarding
America needs tax
reform that ensures
Rethink
who
Shareholder value is
a narrow deinition
rewrite more “too big to manage.” debt over people and companies companies of corporate value.
transparent Financial institutions equity alike aren’t rewarding are run for Companies should be
the rules simply cannot become hollow spending: run for shareholders
so complex that even buying McMansions, but also for workers,
their leaders can’t for instance, or using customers and, to a
track risk, as was debt just to appease certain extent, society
The rules of the case leading up shareholders. Saving at large. Capital
capitalism are to 2008. That might and investing— markets must serve
man-made. necessitate breaking public and private, the long-term growth
Here are five up some banks. But individual and of companies, not
ways to begin it also means more- corporate—should be pressure them into
righting the transparent trading of incentivized by the short-term alchemy.
system derivatives and swaps, national tax code.
many of which are still
too hard to track.
30 TIME May 23, 2016 ILLUSTR ATIONS BY MATT CHASE FOR TIME
owns more than 80% of all stocks) but also a lack- on share buybacks and the fall in corporate spend-
luster 2% economy with almost no income growth. STIFLING ing on productive investments like R&D, the two
Now, as many top economists and investors INNOVATION lines make a perfect X. The former has been going
predict an era of much lower asset-price returns over up since the 1980s, with S&P 500 irms now spend-
the next 30 years, America’s ability to ofer up even Large companies are ing $1 trillion a year on buybacks and dividends—
more preoccupied with
the appearance of growth—via inancially oriented boosting share prices equal to about 95% of their net earnings—rather
strategies like low interest rates, more and more con- than funding R&D, which than investing that money back into research, prod-
contributes to long-term
sumer credit, tax-deferred debt inancing for busi- company growth uct development or anything that could contribute
nesses, and asset bubbles that make people feel richer to long-term company growth. No sector has been
than we really are, until they burst—is at an end. Research immune, not even the ones we think of as the most
This pinch is particularly evident in the tumult and innovative. Many tech irms, for example, spend
development
many American businesses face. Lending to small far more on share-price boosting than on R&D as a
Firms with
business has fallen particularly sharply, as has the more than
whole. The markets penalize them when they don’t.
number of startup irms. In the early 1980s, new com- 10,000 One case in point: back in March 2006, Microsoft
panies made up half of all U.S. businesses. For all the employees announced major new technology investments, and
talk of Silicon Valley startups, the number of new accounted its stock fell for two months. But in July of that same
for 73% of
irms as a share of all businesses has actually shrunk. non-federally-
year, it embarked on $20 billion worth of stock buy-
From 1978 to 2012 it declined by 44%, a trend that funded R&D ing, and the share price promptly rose by 7%. This
numerous researchers and even many investors and in 1985 kind of twisted incentive for CEOs and corporate of-
businesspeople link to the inancial industry’s change icers has only grown since.
in focus from lending to speculation. The wane in en- That share
As a result, business dynamism, which is at the
trepreneurship means less economic vibrancy, given dropped to root of economic growth, has sufered. The number
that new businesses are the nation’s foremost source 54% by 1998 of new initial public oferings (IPOs) is about a third
of job creation and GDP growth. Bufett summed it of what it was 20 years ago. True, the dollar value
up in his folksy way: “You’ve now got a body of peo- of IPOs in 2014 was $74.4 billion, up from $47.1 bil-
ple who’ve decided they’d rather go to the casino than and to lion in 1996. (The median IPO rose to $96 million
the restaurant” of capitalism. 51% from $30 million during the same period.) This may
by
In lobbying for short-term share-boosting man- 2008 show investors want to make only the surest of bets,
agement, inance is also largely responsible for the which is not necessarily the sign of a vibrant market.
drastic cutback in research-and-development out- But there’s another, more disturbing reason: irms
lays in corporate America, investments that are seed simply don’t want to go public, lest their work be-
corn for future prosperity. Take share buybacks, in come dominated by playing by Wall Street’s rules
which a company—usually with some fanfare—goes rather than creating real value.
to the stock market to purchase its own shares, usu- An IPO—a mechanism that once meant raising
ally at the top of the market, and often as a way of ar- capital to fund new investment—is likely today to
tiicially bolstering share prices in order to enrich in- mark not the beginning of a new company’s great-
vestors and executives paid largely in stock options. ness, but the end of it. According to a Stanford Uni-
Indeed, if you were to chart the rise in money spent versity study, innovation tails of by 40% at tech com-
panies after they go public, often because of Wall
S O U R C E : N AT I O N A L B U R E A U O F E C O N O M I C R E S E A R C H Street pressure to keep jacking up the stock price,
even if it means curbing the entrepreneurial verve
that made the company hot in the irst place.
A lat stock price can spell doom. It can get CEOs
canned and turn companies into acquisition fodder,
Build a Politicians have been Redefine Finance is supposed which often saps once innovative irms. Little won-
national passing the buck for who’s to be a helpmeet to der, then, that business optimism, as well as busi-
growth slow growth to the ‘making business, not the ness creation, is lower than it was 30 years ago, or
strategy markets since the and taking’ main event. The story
1970s. Relying on Wall of inance itself—as that wages are lat and inequality growing. Executives
Street and central at the center of the who receive as much as 82% of their compensation
bankers to create American economy— in stock naturally make shorter-term business deci-
artiicial growth must must be altered to put
be curtailed. This task businesses back in
sions that might undermine growth in their compa-
falls to Congress and the driver’s seat. The nies even as they raise the value of their own options.
the next President. correct role for inance It’s no accident that corporate stock buybacks,
They must come up is to support job corporate pay and the wealth gap have risen concur-
with sensible real creators. Only that will
iscal policy and a ensure more robust rently over the past four decades. There are any num-
growth plan to make national economic ber of studies that illustrate this type of intersection
the U.S. competitive growth. between inancialization and inequality. One of the
on the global stage. most striking was by economists James Galbraith
31
and Travis Hale, who showed how during the late see the tax system reformed and the government
1990s, changing income inequality tracked the go-go take more direct action on job creation and poverty
Nasdaq stock index to a remarkable degree. reduction, and address inequality in a meaningful
Recently, this pattern has become evident at a way. Each candidate is crafting a message around
number of well-known U.S. companies. Take Apple, this, which will keep the issue front and center
one of the most successful over the past 50 years. STARTUP through November.
Apple has around $200 billion sitting in the bank, SLUMP The American public understands just how deeply
yet it has borrowed billions of dollars cheaply over and profoundly the economic order isn’t working for
the past several years, thanks to superlow interest the majority of people. The key to reforming the U.S.
The per-capita rate
rates (themselves a response to the inancial crisis) of new business system is comprehending why it isn’t working.
to pay back investors in order to bolster its share creation has not made Remooring inance in the real economy isn’t as
substantial gains—and
price. Why borrow? In part because it’s cheaper has been decreasing simple as splitting up the biggest banks (although
than repatriating cash and paying U.S. taxes. All overall—since the 1980s that would be a good start). It’s about dismantling
the inancial engineering helped boost the Califor- the hold of inancial-oriented thinking in every
nia irm’s share price for a while. But it didn’t stop Startups corner of corporate America. It’s about reforming
(per 100,000 people)
activist investor Carl Icahn, who had manically ad- business education, which is still permeated with
vocated for borrowing and buybacks, from dumping Entrepreneurship academics who resist challenges to the gospel of ef-
the stock the minute revenue growth took a turn for fosters job creation icient markets in the same way that medieval clergy
and economic
the worse in late April. development dismissed scientiic evidence that might challenge
It is perhaps the ultimate irony that large, rich the existence of God. It’s about changing a tax sys-
1977
companies like Apple are most involved with inan- 257 tem that treats one-year investment gains the same
cial markets at times when they don’t need any i- as longer-term ones, and induces inancial insti-
nancing. Top-tier U.S. businesses have never en- tutions to push overconsumption and speculation
joyed greater inancial resources. They have a record 1983 rather than healthy lending to small businesses and
$2 trillion in cash on their balance sheets—enough 185 job creators. It’s about rethinking retirement, craft-
money combined to make them the 10th largest ing smarter housing policy and restraining a money
1992
economy in the world. Yet in the bizarre order that 181 culture illed with lobbyists who violate America’s
inance has created, they are also taking on record essential economic principles.
amounts of debt to buy back their own stock, creat- 2001 It’s also about starting a bigger conversation about
ing what may be the next debt bubble to burst. 165 all this, with a broader group of stakeholders. The
You and I, whether we recognize it or not, are also 2013 structure of American capital markets and whether
part of a dysfunctional ecosystem that fuels short- 129 or not they are serving business is a topic that has
term thinking in business. The people who manage traditionally been the sole domain of “experts”—
our retirement money—fund managers working for the inanciers and policymakers who often have a
asset-management irms—are typically compensated self-interested perspective to push, and who do so
for delivering returns over a year or less. That means in complicated language that keeps outsiders out
they use their inancial clout (which is really our i- of the debate. When it comes to inance, as with
nancial clout in aggregate) to push companies to pro- so many issues in a democratic society, complexity
duce quick-hit results rather than execute long-term breeds exclusion.
strategies. Sometimes pension funds even invest with Finding solutions won’t be easy. There are no
the activists who are buying up the companies we silver bullets, and nobody really knows the perfect
might work for—and those same activists look for model for a high-functioning, advanced market sys-
quick cost cuts and potentially demand layofs. tem in the 21st century. But capitalism’s legacy is too
long, and the well-being of too many people is at
IT’S A DEPRESSING STATE OF AFFAIRS, no doubt. stake, to do nothing in the face of our broken status
Yet America faces an opportunity right now: a rare quo. Neatly packaged technocratic tweaks cannot ix
second chance to do the work of refocusing and right- it. What is required now is lifesaving intervention.
sizing the inancial sector that should have been done Crises of faith like the one American capitalism is
in the years immediately following the 2008 crisis. currently sufering can be a good thing if they lead
And there are bright spots on the horizon. to re-examination and reairmation of irst princi-
Despite the lobbying power of the inancial in- ples. The right question here is in fact the simplest
dustry and the vested interests both in Washington one: Are inancial institutions doing things that pro-
and on Wall Street, there’s a growing push to put vide a clear, measurable beneit to the real economy?
the inancial system back in its rightful place, as a Sadly, the answer at the moment is mostly no. But
servant of business rather than its master. Surveys we can change things. Our system of market capital-
show that the majority of Americans would like to ism wasn’t handed down, in perfect form, on stone
tablets. We wrote the rules. We broke them. And
S O U R C E : C A L C U L AT I O N S B A S E D O N D ATA F R O M T H E E W I N G M A R I O N K A U F F M A N F O U N D AT I O N we can ix them. □
32 TIME May 23, 2016
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Icon, Inspiration and Revolutionary
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World
CITIZEN
Thames can be seen glistening in the un-
seasonably warm weather outside. Khan
has been chief executive of the city for lit-
tle more than 24 hours, and he’s wonder-
ing when Prime Minister David Cameron
might call to congratulate him. Picking
up his phone to show TIME hundreds of
KHAN
unread messages of congratulations, he
spots a missed call. It’s from 10 Downing
Street, the Prime Minister’s residence. He
will return the call later that day.
Khan, 45, won a landslide, 14-point
victory as the Labour Party’s candidate
in the early hours of May 7 after one of the
London’s irst Muslim mayor nastiest electoral contests in recent Brit-
ish history. His Conservative Party oppo-
aims to be an “antidote” nent, Zac Goldsmith, put Khan’s Muslim
to Islamic extremism faith under scrutiny, demanding to know
why Khan had appeared on platforms
with Islamic extremists as a human-rights
By Mark Leftly/London lawyer. (His answer: he was defending
them.) Londoners rejected Goldsmith
and the ruling Conservative Party, choos-
ing instead to elect the son of an immi-
grant Pakistani bus driver to become the
British capital’s mayor—not to mention
the most prominent Muslim politician in
the Western world. “I feel like the lucki-
est person in the world,” he says. “I am the
boy who won the golden ticket.”
That golden ticket puts him in charge
of a city of nearly 9 million people, only
the third person to be elected to the job
since the position was created in 2000.
The mayor is in charge of the city’s stra-
tegic planning, transport, policing and
economic development but has become
to many people the face of London. And
now, for the irst time, that face looks like
the 44% of Londoners who are not white.
Khan never set out to be a representa-
tive for his faith, but that is the role thrust
upon him in a European capital where the
threat of radical Islamic terrorism is real.
British authorities say that at least 800
people have left the U.K. to ight for ISIS
in Iraq and Syria. Nearly half of these
largely young ighters have returned,
be a “metrosexual” who enjoys pop music leader of Labour, Jeremy Corbyn, is from lines. “I’m going to be a Labour mayor
with his young daughters, but cuts a more the party’s far left and won the post after campaigning with a Conservative Prime
serious igure in public than his predeces- a populist insurgency but is viewed as Minister for us to remain in the Euro-
sor. “The problem of the last eight years having little chance of winning a gen- pean Union,” Khan says. The next time
is Londoners have been given the impres- eral election. Could Khan ever leverage Downing Street calls, there will be plenty
sion that the job of the mayor is to cut rib- his new position to become Britain’s irst to talk about. □
37
DERAILED
AS THE NATION’S INFRASTRUCTURE CRUMBLES,WASHINGTON’S
TRANSIT CHIEF BETS ON A NEW APPROACH BY ALEX ALTMAN
P
aul Wiedefeld knew Metro ires and threats from federal regulators
was a mess before he agreed to shutter the system. Ten riders have
to become its CEO. But it died in two incidents caused by mechan-
wasn’t until about a month ical problems since 2009.
into the job that he grasped For decades, leaders of the Washington
the scale of the problems at Area Transit Authority sought to address
Washington’s troubled transit agency. these issues but instead merely managed
One morning late last year, he ducked the agency’s decline. Wiedefeld, 60, is
into D.C.’s Union Station for a short ride bringing a bolder approach. When a tun-
to work. Nothing catastrophic had hap- nel ire broke out in March, the hard-
pened: there were no plumes of smoke charging boss ordered the entire system to
nor any ireballs, both of which have been close—on a Wednesday, with less than 24
known to mar Metro commutes. hours’ notice—disrupting the movement cracies and improve the nation’s decay-
But a minor railcar shortage had of hundreds of thousands of daily custom- ing infrastructure. Across the country,
slowed the Red Line to a crawl, and the ers, including much of the federal work- roads, bridges and dams are crumbling. In
platforms were crammed—a sight so fa- force. On May 6, he announced a massive a 2013 report card, the American Society
miliar that the station manager barely re- yearlong maintenance overhaul that will of Civil Engineers gave U.S. infrastructure
acted. Wiedefeld, however, was stunned. cripple commutes, challenge employers a D+ grade and called for $3.6 trillion in
“I blew a gasket,” he recalls, sitting in his and hobble businesses. investment by 2020. The consequences
downtown oice at a conference table Wiedefeld knows he’s testing the re- of delaying hard choices are evident
plastered with transit maps. “This orga- gion’s tolerance. But in a city that’s famous from the pipes of Flint, Mich., to the le-
nization has become numb.” for dysfunction, he’s betting that custom- vees of New Orleans to the fatal collapse
These days the capital’s 118-mile ers and voters will accept a little bit more of a Minneapolis bridge in 2007. Cash-
(190 km) rail system makes Capitol Hill of it—at least for a while—if it begins to ix strapped local governments have created
look competent by comparison. Metro Metro’s problems. “We cannot go on the long-term problems by dodging short-
is beset by chronic delays and frequent way we’ve been managing this system,” he term challenges.
breakdowns. Its inances are in tatters. explains. “That’s not what I came to do.” “What’s happened in the Washing-
Riders are leeing in frustration. Every- The stakes are bigger than Metro’s sur- ton Metro has happened, in one form or
thing from the tracks and the trains to the vival. If he succeeds, Wiedefeld could another, to most of the infrastructure in
signals and the switches have slipped into chart a new path for oicials who are the U.S.,” says Richard Ravitch, who led
disrepair, sparking increasingly frequent struggling to overcome sluggish bureau- the successful turnaround of the graiti-
PHOTOGR APH BY ASTRID RIECKEN
scarred New York City subway in the △ dreds of millions of dollars each year out
1980s. Which is why leaders are watching Wiedefeld, at the Judiciary Square of a patchwork of jurisdictions—the Dis-
Wiedefeld’s Metro experiment with inter- station, is shaking up the nation’s trict of Columbia, Maryland, Virginia and
est. If the new boss can ix the nation’s second-busiest transit system the federal government—whose politi-
worst transit system, D.C. could ind itself cians have limited cash and competing
in an unlikely role: example to emulate. priorities. “Metro is an institutional or-
George Mason University in Virginia and phan,” says Richard White, acting CEO
WHEN IT OPENED IN 1976, Metro was a the author of a book about Metro. of the American Public Transportation
symbol of Washington’s ambitions, a sub- Yet from the start, Metro was saddled Association, who ran Metro for a decade.
terranean monument to match the marble with two structural laws. First, each line “When it came time to take care of what
temples on the National Mall. The trains runs on just two tracks—New York City’s needed to be done to keep things in order,
T H E W A S H I N G T O N P O S T/G E T T Y I M A G E S
were new and punctual. The stations were subway generally has four—which makes everybody headed for cover.”
cool and clean, with striking architectural it diicult to perform maintenance while As far back as the early 1990s, Met-
lourishes. Expansion proved to be an still shuttling commuters. And though ro’s boss was warning that the organiza-
economic engine, revitalizing neighbor- Metro needs $3 billion per year to oper- tion would face future peril without the
hoods and linking the suburbs to the city’s ate, it is the only major U.S. transit sys- funding to embark on a major rebuilding
downtown core. “It was a pretty happy tem without its own dedicated revenue project. That midlife upkeep never hap-
system up through the late 1990s,” says stream, like a speciic tax. pened. By 2004, White declared that the
Zachary Schrag, a history professor at As a result, Metro has to wheedle hun- system was falling into a “death spiral.”
39
American Genius
Events proved him right. “The ideal △ for making decisive moves. But Wiedefeld
thing would be to rebuild the entire Crowded platforms are a common is still in the grace period before the
system from scratch,” says Jack Evans, a sight for Metro, which is marred by incoming executive can be blamed for
D.C. city councilman and the chairman spotty service and safety hazards not solving the problems he inherited.
of Metro’s board of directors. Evans And Wiedefeld knows that goodwill
recently jolted the region’s residents can quickly evaporate once he starts
by suggesting that entire lines could be of that Red Line station manager. At a disrupting the commutes of hundreds of
closed for months. At a congressional May 3 hearing into a 2015 smoke incident thousands of people per day. “This is 30
hearing in April, he demanded that the that killed one rider and sickened dozens, years in the making,” he says. “People’s
feds pony up some $300 million a year a National Transportation Safety Board patience is gone.”
to help forestall future safety calamities. member studied a litany of equipment At the heart of the challenge is an
“Next time something happens, I’m malfunctions and operator mistakes and equation that nobody has solved: how
blaming you guys,” Evans said, wagging declared that Metro has “a severe learning to balance complex variables like safety
a inger. Florida Representative John disability.” Ask Wiedefeld what keeps him and convenience, and economics and
Mica, a Republican, shot back that up at night, and he replies, “What hour?” eiciency, all while convincing politicians
federal taxpayers wouldn’t bail out “the with more immediate priorities that they
most screwed-up mess I’ve ever seen in A BALTIMORE NATIVE from a blue collar should forgo popular programs to invest
business or government.” family, Wiedefeld now makes $397,500 in the unsexy realm of infrastructure.
Wiedefeld has forged ahead. His running Metro. He’s “one of the most ca- “They are always going to go back to their
sprawling overhaul, which begins on pable and efective leaders with whom self-interest,” Wiedefeld says.
June 4, will shut down sections of track I’ve ever worked,” says former Maryland That goes for his employees as well.
and snarl huge swaths of the system to governor Martin O’Malley, who hired On a drizzly May morning, Wiedefeld
catch up on critical maintenance. There him in 2007 to run the state’s transpor- summoned some 650 senior managers
Z A C H G I B S O N — T H E N E W YO R K T I M E S/ R E D U X
are tens of thousands of old wooden rail tation authority. Wiedefeld served two for a state-of-the-organization meeting
ties to swap out, fasteners to replace stints as the CEO of Baltimore Wash- at a concert hall in suburban Maryland.
and aging insulators that keep sparking. ington International Airport, where he It was the irst such gathering in Metro’s
Sleeves on power cables are missing or boosted international traic, built a new 40-year history, and one of the irst orders
dangerously eroded by leaks in the tun- terminal that serves as a hub for South- of business was explaining to the staf why
nels. Some of the original 1976 trains are west Airlines and distinguished himself he had written a memo warning that they
still in use; new ones are buggy. as a hands-on manager. “I am a bit of a could all be ired. “I’m certain many of
There is also the problem of workplace taskmaster,” he says. you thought, What a jerk,” Wiedefeld said.
culture, as seen in the impassive reaction So far the new boss has won accolades Which may be what Metro needs. □
40 TIME May 23, 2016
Ingenuity keeps her city’s power on and conquers
his fear of the dark.
Everyone wants the lights to stay on during a storm. A city official needs to keep an entire city safe
and happy. A 5-year-old needs his nightlight to keep the monsters away. For them and millions of other
people, Siemens Digital Grid technology manages and reroutes power. Ingenuity helps keep the power
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usa.siemens.com/ingenuityforlife
Wolfe, left, and
Glover are once
again Tony
nominees, this
time for their work
on Shule Along
Theater
mission rubbed of on the whole creative A misit teenager becomes for having done something that mattered.
an accidental Internet
team. “Sadly to say, I had never heard star after the suicide of I was deeply afected by the idea that
about Shule Along or these great a classmate. Touching, these people, the best part of them, made
contributors,” says Glover, who is psychologically nuanced something glorious, and none of them
choreographing his irst Broadway show and hip to the way kids and were able to duplicate that success ever
since Noise/Funk. “I was surprised at all parents actually relate, this again. I found that very moving. And I
off-Broadway musical could
the show’s breakthroughs.” He studied be a future Broadway hit. found it even more moving that nobody
up by listening to old recordings (no has memorialized their success.”
ilm footage of the original show exists) “When I was younger I wouldn’t have
and drawing on his proliic knowledge thought about telling this story this way,”
of dance styles of the era. Mitchell, who adds Wolfe, 61. “But now that I’m older,
plays Miller, read through 250 pages of I think about these things. I think about
his poems, sketches and other writings the friends who I lost to AIDS—who’s
in an efort to scope out the man. “We remembering their stories? You walk
were doing a kind of forensic acting,” past statues in New York City and you
he says, “looking for these characters, just go, Who are these people? I used
having to interpolate from what we had American Psycho to work for an archive of black cultural
read to what really happened. We would In this musical take on history. I would ile all these articles for
rehearse a minute-and-a-half scene and the 1991 novel about a them. And somebody that was signiicant
Wall Streeter who hacks
then have an hour-and-a-half discussion up people for sport,
in 1963 was invisible by 1975. I found all
about it.” Jamming all that history into Benjamin Walker is creepily that incredibly moving. All the joy and the
one evening of theater proved a challenge. charismatic as Patrick strength and the heart it takes to make
In early previews, the show ran more than Bateman, Duncan Sheik’s something—if you’re lucky, it reaches an
three hours. Scenes and musical numbers jagged rock score matches audience and people celebrate it. And
the mood, and Rupert
were cut and added almost daily. An Goold’s visually arresting
then it’s theater, and it’s gone.”
elaborate dream ballet was excised early staging almost makes you Shuffle Along is exciting theater—
on. A sequence involving Josephine Baker forget what a nutty idea it is. high-spirited and sober-minded at the
was also left on the cutting-room loor. same time—but if the Broadway gods are
Mitchell originally had a solo tap-dance smiling, it won’t be gone anytime soon. □
45
All trademarks are owned by Frito-Lay North America, Inc. ©2016
‘A SQUABBLING GAGGLE OF BLIND MEN, EACH SHAKING A FIST AT A DIFFERENT PART OF THE ELEPHANT.’ —PAGE 52
Jon Snow is alive, but will he get a story worth living for?
TELEVISION GAME OF THRONES BOASTS THE MOST lenses and social media, Harington’s
eclectic ensemble on TV—but every- presence at Thrones shooting locations
A risk-averse, one knows Jon Snow is the star. Made couldn’t stay secret for long, and his
aging Game endearing with a troubled backstory,
elevated to heroism by his moral com-
own protestations—that Jon was
really dead and never coming back!—
of Thrones pass and blessed with actor Kit Har-
ington’s waterfall of dark tresses, Jon is
couldn’t help but seem hollow. But
nearly a year’s worth of fan certainty
couldn’t let the closest thing HBO’s Sunday night
has to a matinee idol.
that the late commander of the Night’s
Watch would return seemed in large
its heroic star That is, until he was. And now he part governed by the sense that no
rest in peace is again. Killed by a Caesar-like lurry
of stab wounds in the ifth-season
character fans loved so ardently could
actually die.
By Daniel D’Addario inale, Jon was resurrected a mere two Sure, earlier seasons of the show
episodes into the new season thanks to featured shocking and decisive
a magic spell. And though Melisandre, ends for beloved characters, from
the priestess who brought him back, protagonist Ned Stark’s beheading
was shocked by Jon’s reanimated in Season 1 to the high-body-count
status, few at home were. “Red Wedding” of Season 3. But Game
Some of it was this show’s long- of Thrones’ increased dithering over
standing embrace of magic. Some of it what to do with its characters relects
was that in a world of paparazzi zoom this era of pop-culture Tinker Bells—
HBO
47
Time Of Television
as long as we clap hard enough, they’ll eager to give fans what they want, has REVIEW
keep coming back.
At the movies, Marvel’s never-
been dragging its feet about winding
its story down, adding to its minor-
Bamford’s
ending superhero franchise thrives character body count and its list of re- Dynamite is a
on creating threatening situations for
characters we know are under contract
petitive incidents even as its plots seem
to demand some closure. Endless re-
wild ride
for the next one. (Clark Gregg’s versals keep the plot humming at the MARIA BAMFORD IS YOUR
Agent Coulson, who died in 2012’s expense of sense, and perhaps viewer favorite comedian’s favor-
The Avengers, now headlines ABC’s patience. ite comedian, so unafraid of
Marvel’s Agents of S.H.I.E.L.D.) And in The Red Wedding, today, feels as if it going into wild absurdism in
The Walking Dead’s most recent season, happened on a diferent show, one less search of jokes that she some-
fan favorite Glenn, believed devoured concerned about stretching out plot and times seems not to be joking
by zombies, was revealed to be alive avoiding endings. After more than half at all. On the new Netlix se-
thanks to an implausible escape. a decade on the air, Game of Thrones is ries Lady Dynamite, she plays
The season ended with an unseen no longer inclined to show an onscreen “Maria Bamford,” a woman
character getting bludgeoned; surely death as jarring, random and decisive as whose pasted-on smile
in the interim, the show’s writers will a death in real life. never fades. When Maria
igure out which of their characters are And so the show backed away. But improvises a rant about the
vulnerable and which are too popular there should have been some other way Holocaust-pondering phi-
to die. to depict Jon’s betrayal, if his death losopher Hannah Arendt at
Thrones fans were was to be reversed so a network sitcom gig, she is
well informed, and ‘I wasn’t ready to quickly. Why bring convinced she nailed it, yet
correctly so, about Jon’s say goodbye ... I death into the equation the room is wincing. It’s all
revival. But there was don’t mind the at all? It is, or should a matter of perspective, and
something more at be, diferent—life’s both real and ictitious Ma-
work than knowledge
idea of dying in deining traumatic rias bear uncalibrated social
of Harington’s real- this series. I just event, and one with compasses. Bamford has
life location and felt like his journey the power to reshape long joked about her real-life
Westeros’ rules. There wasn’t done.’ everyone it touches. struggles with bipolar and
was also a fair amount KIT HARINGTON, actor, to That Jon comes back obsessive-compulsive dis-
of magical thinking— Entertainment Weekly to life unchanged, but orders, and Dynamite does
and not the sort that for his new sense of more than depict her pain—it
Melisandre does. From the minute Jon resentment, is a missed opportunity for gives itself over to instability,
died, speculation about whether he the sort of seismic change that the best with jarring lows and zesty
was really gone made it clear that no TV isn’t afraid to take on. “I failed,” the highs. In our heroine’s ill-
character so widely loved by the fan resurrected Jon tells his friend Davos. advised quest for stardom,
base could be allowed to go away. “Good. Now go fail again,” the knight everyone she meets appears
replies. Recursiveness is the last thing to speak with similar over-
JON’S PRESENCE is especially welcome a show staggering toward its endgame exuberance. Looking only on
on a show that needs his sellessness needs. the bright side, she ends up
to balance just about every other char- In his irst hours newly alive, Jon is blind to reason. Seeing the
acter’s narcissism. If his absence could carrying out the show’s violent vision world through Bamford’s lens
have generated drama that transcended again. He executes those who conspired isn’t always easy, but that she
formula, we’ll never know. Lately, the against him, answering death with brings us along so assuredly
show has been investing a great deal of death. As a vengeful Jon strode away is worth applauding. —D.D.
narrative energy into tormenting and from the castle he’d commanded and
killing peripheral characters, while the into an uncertain future, one thing Bamford
stars stride along in bubbles of perpet- seemed clear: he’d be ine. craftily
ual safety. Death has become something One of his executed prisoners’ inal blows up the
that befalls only the insigniicant. If this words, before the gratuitously violent traditional
really is a game, someone we care about execution scene, still resonated. “You sitcom
is eventually going to have to lose. shouldn’t be alive,” the prisoner had
The only other characters as well said. “It’s not right!” Even those among
loved as Jon—the dragon mother the show’s legion of fans who consider
Daenerys and the clever dwarf Jon a favorite had to concede he made
Tyrion—have never died but have a good point. But, being a minor
lived through nonstop treacherous character, he died before he could say
events unscathed. Game of Thrones, so anything further. □
48 TIME May 23, 2016
describing that twist, or
the fate of poor Martha, a
former FBI underling who’s
been banished to the USSR
after having fallen in love
with one of Philip’s aliases.
Because the show’s narrative
is rooted in many seasons’
worth of cumulative texture,
it’s becoming a walled
garden. What casual viewer
could ind their bearings in
this universe?
The Americans is the heir
to Mad Men—a drama that
uses its period to tell us about
today—but without all the
Best Drama Emmys. (Indeed,
Russell and it’s somehow never been
Rhys play spies nominated in that category.)
who can’t come Like its characters, it’s a
in from the cold victim of history, airing at a
time when the sheer volume
of TV tends to crowd out
REVIEW precisely-made shows. This
season’s most successful
In its best season yet, shows were either limited
The Americans races history series—with short runs and
huge narrative swings—or
By Daniel D’Addario Game of Thrones and The
Walking Dead, both of which
ELIZABETH JENNINGS IS FORCING HER HEADSTRONG thrive on spectacle.
daughter to spend more time with her pastor. “You can Although The Americans
control what you do!” she spits when her daughter tries to isn’t spectacle-free (it is,
get out of it. It seems a conventional punishment from a after all, about two masters
disciplinarian parent—except that the cause of the tension is of disguise seeking to bring
how thoroughly the teen reports to her parents on the pastor’s down the government), it is
behavior. After all, the reverend knows that Elizabeth and her more notable as part of an
husband are Soviet spies, and he could upend their lives. increasingly threatened tier
FX’s The Americans is packed with ironies like this one: of dramas. Its thrills arise
Elizabeth (Keri Russell), who despises religion, pushes from our relationships with
daughter Paige further into the church in order to protect its characters—relationships
her. In the show’s fourth season, each episode seems to bring that require real investment.
a new compromise, as the problems that Elizabeth and her The intimidating weight of
husband Philip (Matthew Rhys) had tried to avoid come to △ all that history could push
a head. Philip, growing distant, seeks redemption through Martha (Alison it to the bottom of the DVR
new-age beliefs; Elizabeth just gets angry. Wright), an FBI queue, or of an Emmy ballot.
But neither faith nor ferocious scrambling can save them secretary seduced But as Elizabeth says, you
L A DY DY N A M I T E : N E T F L I X ; T H E A M E R I C A N S : F X (2)
from the inevitable. We know their mission will fail. It’s 1983, by Philip, faces a can control what you do!
and the Cold War is in its last stage. The family’s attempts to tragic future This slow-blooming story
get ahead of history’s crushing weight aren’t applicable just to will be even more compelling
spies; global events can force hardship on anyone. on a tight timeline. The irst
The Americans has, this season, built on its past by turn- three seasons are available
ing mercenary: one character, a vexed triple agent who had to stream on Amazon before
dreamed of unlikely rescue, was sentenced to death and, mo- this one ends on June 8.
ments later, received it. The punishment was breathtaking, not Watch them—it’s a race
least because it so conclusively ended a slow-moving plotline. against the clock that’s worth
It’s easy for a fan of this show to get carried away in running. □
49
Time Of Books
FICTION
hitchhiker in New Mexico (ditto). The real action is in the U.S. with bombs carried by
lively intercourse between Dyer’s mind and the outside world. paper balloons. Kurlansky’s is
“‘Polynesia’ translates as ‘many islands,’” he writes, “all of one of a few recent histories
which you wish you were on instead of the one you actually of paper, including The Paper
are on.” An essential part of travel is the inevitable sense that Trail by Alexander Monro.
wherever you’ve gotten to isn’t quite what you hoped it would Is this because it feels like
be—just as you yourself are never, not completely, the traveler paper’s page is turning?
you thought you would be. —LEV GROSSMAN —LILY ROTHMAN
50 TIME May 23, 2016
haveKINDLE willTRAVEL
CUSCO, PERU HIRAM BINGHAM, INCA L AND @ AMAZONKINDLE
Time Of Movies
Why Money
Monster will make
you mad as hell
By Stephanie Zacharek
Jodie Foster
The two-time Oscar winner discusses her
latest outing as a director, Money
Monster, a thriller in which a disgruntled
investor takes a inancial-TV host hostage.
Do you see hostage taker Kyle as an
everyman, standing in for Americans
who feel screwed by the recession?
Deinitely. He starts of threatening,
illed with righteous rage. Yet you see
ON GEORGE simple things you completely relate to.
CLOONEY
AND JULIA It’s not a clean heroes-vs.-villains
ROBERTS
narrative. It isn’t. And yet when you
‘The sparkle is get to what really happened, [it’s] pretty
undeniable. It’s
almost better
simple. Somebody abused the system
now that they’re out of greed. And that’s all Kyle was
older, because it looking for: moral vindication. It’s not
is really a like he was saying, Give me money. He
brother-sister was saying, Give me dignity.
thing. It’s not
confused with His rhetoric about the system being
sexuality.’
rigged sounds a lot like that of Bernie
Sanders. We wrote it irst! But listen,
it’s a dialogue that’s out there. The ilm
is equal parts cynicism and hope. Leav-
ing the theater you could have some
interesting political conversations. But
I don’t see it as a political ilm. The best
way to get people engaged is to create
characters that are emotional and full.
to do with how we actually live. O’Connell ofers the expectation of carrying the
something else. His face is like a folk ballad, illed movie or looking glamorous. It’ll
with the promise of life—but also with the shadows be nice to really do the work.
of everything that’s been snatched away. □ —ELIZA BERMAN
©2008-2015 The Skin Cancer Foundation Campaign created in cooperation with Laughlin Constable, laughlin.com
Time Of Movies
TIME
PICKS
MUSIC
Alicia Keys, whose
sixth album is due out
later this year, has
released the single
“In Common,” a Latin-
infused dance-floor jam
that departs from her
R&B roots in favor of a
poppier sound.
his absurdist romantic led by an amusingly tyranni- yourself with another person. single woman (Greta
tragicomedy The Lobster, cal Léa Seydoux—has even How much of yourself do you Gerwig) decides to have
Greek director Yorgos thornier complications. Ada- give up? What must you hold a child on her own and
Lanthimos—best known for mant unconventionality, it on to at all costs? And can you then falls in love with
his twisted 2009 art-house ever be sure you’re not mak- a married man (Ethan
Hawke), touching off a
hit, Dogtooth—takes on the ing the other person it just so tangled love story.
tyranny of coupledom as the you won’t be alone?
most desirable state. Somehow, it works, thanks
Colin Farrell plays a man ‘Depending, largely to Farrell. Those cater-
nearing middle age who sud- culturally, on where pillar eyebrows of anxiety
denly inds himself single. you’re coming from, signal just about everything
That wouldn’t be so bad if being alone has a we need to know. Without
he didn’t live in a society in certain stigma to it.’ a word, they sum up what
which loners are shipped we talk about when we talk
COLIN FARRELL, discussing
of to a country hotel, where The Lobster at the 2015 about love.
they must ind a suitable Cannes Film Festival —STEPHANIE ZACHAREK
Time Of Food
SPRING BIBIMBAP matchsticks. Slice the carrot VEGETARIAN PHO BROTH add the leeks, carrots, daikon,
Serves 4 and radishes into thin rounds. Makes 3 qt. garlic, lemongrass, star anise,
Add the vegetables to the bowl cloves, cinnamon and fennel
2 bunches Swiss chard with the chard stems. Toss with 1 large onion, quartered seeds. Stir to coat in the oil,
½ cucumber the sugar and salt and let stand 2 oz. fresh ginger then cover and cook for 5 min.,
1 medium carrot, peeled for 20 min. Use a paper towel 2 tbsp. peanut oil until fragrant. Coarsely chop
to blot dry, then toss with the the charred ginger, then add it,
6 small radishes rice vinegar. 2 medium leeks, coarsely the onions and the mushrooms
1 tbsp. sugar chopped to the pot and cover with cold
Place a skillet over medium
¾ tsp. sea salt heat and add the neutral oil. 2 large carrots, coarsely water (about 4 qt.). Bring to a
With tongs, add the Swiss-chard chopped boil, then reduce to a gentle
2 tsp. rice vinegar simmer and cook for 1 hr.,
leaves and cook down. Add a big 1 medium daikon radish, peeled
1 tbsp. neutral-tasting oil, such pinch of salt and cook, stirring and coarsely chopped after which the broth should
as grape seed or canola frequently, for 3 to 5 min., until be strongly flavored. Add the
10 garlic cloves, peeled cilantro stems and cook for an
1 tsp. toasted-sesame oil wilted. Remove from heat and
gently press the greens to one 1 stalk fresh lemongrass, additional 5 min.
1 tbsp. toasted sesame seeds smashed and coarsely chopped
side of the pan; pour off any Strain the broth through a
5 cups cooked brown or white extracted liquid. Combine the 3 whole star anise cheesecloth-lined sieve, in
rice chard in a bowl with the sesame batches as necessary. Season
3 whole cloves
Two 2-in. squares toasted nori oil and sesame seeds. Wipe out with salt and sugar and serve,
M I C H A E L H A R L A N T U R K E L L— H O U G H T O N M I F F L I N H A R C O U R T
JELLYFISH , N AIL PO LISH : YO UTUBE; FRIED CH ICKEN , H IPPO PO TAM US: ALAM Y; BIEBER: INSTAGRAM; DEER: AP ; BEER: B UDW EISER (2)
only ever gets from a vending
machine in London.
better? How is that
possible? She is Justin Timberlake dropped his first
Jesus f-cking Christ.’ solo single in almost three years;
CARVEY: N BC/ G ETTY IM AG ES; AD ELE, EH REN REICH : G ETTY I MAGES; HAN SOL O: EVERET T; KRI SPY KR EM E;
it’s called “Can’t Stop the Feeling!”
LOVE IT
TIME’S WEEKLY TAKE ON WHAT POPPED IN CULTURE
LEAVE IT
A hippopotamus
caused a traffic jam
Budweiser is in southern Spain by
oficially renaming meandering through
its beer America a busy street after
until Election Day. escaping from a circus.
We have become an
idiocracy. And it only took
two and a half centuries
By Joel Stein
mentally stupider,” says Cohen. “Writing Idiocracy was just fol- rest of us knew that the answer was that those kids
lowing your id. Now unfortunately our id has become our can- weren’t going to college.
didate for President.” The danger here is clear: we will no longer It’s hard to be smart with so many dopamine-
be able to have comedies with hilarious dumb characters. producing distractions and so much online approval
Terry Crews, who played President Camacho, has been for our uneducated opinions. But I urge you not to read
freaked out that Trump, a guy he’s met and liked, has stolen his this column unless you’ve read the rest of the magazine.
character. “I look now, and I go, Holy cow, these people are ac- I will try to do the same, unless they do another cover
tually talking about each other’s wives. It’s not politics. It’s like story about the debt. Even a smart guy has his limits. □
59
12 Questions
wants to tune in. I am independent. dous election cycle for you, no?
But I just want anybody to watch. I It’s been a tremendous election
don’t care why. cycle, period. I’ve been through a
crazy year, there’s no question. But it’s
Before this, you were an attorney. not about me.—PHILIP ELLIOTT
60 TIME May 23, 2016
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