Billionaire Philanthropist Tom Steyer Announces 2020 Presidential Bid
By Jon Queally
Despite repeated assurances he would not do so, billionaire philanthropist and activist Tom Steyer — who has previously pledged his vast fortune to such causes as defeating the Keystone XL pipeline and mounting a national campaign demanding the impeachment of President Donald Trump — officially announced on Tuesday the launch of a 2020 campaign for the Democratic Party presidential nomination.
"It's true," Steyer said in a post on Twitter along with a kick-off campaign video. "I'm running for president."
Tom Steyer Announces Candidacy for President: “I am running to end corruption of our democracy by corporations and give more power to the American people. Jo...
While Steyer's work as a hedge fund manager and financier has resulted in what Forbes estimates is a $1.6 billion fortune, the newly-announced candidate states in his launch video that, unlike Trump, he is acutely aware of the injustice of a society in which some are able to hold enormous riches while others struggle to put food on the table.
"We have a society that's very unequal and it's really important for people to understand this society is connected," says Steyer in the video. "If this is a banana republic with a few very, very rich people and everybody else living in misery — that's a failure."
Another Democratic candidate at this point in the primary race — especially one with Steyer's outward pedigree and despite whatever bona fides or unique skills he brings to the table — was quick to draw ridicule and derision from progressive critics who said that his resources and the political machine he has built in recent years could be put to better use than by engaging in what is perceived as vanity project by many.
We need to stop the practice of billionaires trying to buy elections. @TomSteyer, think of all the good your $100 million could do for the environment, rather than trying to muscle your way into an already over-crowded and very promising presidential field. https://t.co/83e3pb2GEB— Cynthia Nixon (@CynthiaNixon) July 9, 2019
Steyer could be choosing to fund popular initiatives to implement automatic voter registration, restrict disenfranchisement, raise the minimum wage, counter right-to-work. But why do that when you could try to buy yourself the White House instead? https://t.co/CT1YGfhvTt— Taniel (@Taniel) July 9, 2019
As writer Anand Giridharadas suggested, the very rich — whatever their intentions — cannot save us:
A PSA for @TomSteyer and anyone else who thinks billionaire saviors will rescue us from the billionaire demagogue who rose to power because of what billionaires have done to our economy and politics. pic.twitter.com/o2XFYHljr3— Anand Giridharadas (@AnandWrites) July 9, 2019
According to The New York Times:
Mr. Steyer may be a questionable vessel for a populist message, as a billionaire financier in a party increasingly defined by concern for economic inequality, and as a 62-year-old white man courting an audience of liberals in a Democratic Party preoccupied with racial diversity and gender equality.
Yet his candidacy instantly transformed the financial shape of the race; he vowed to spend an enormous sum of his personal fortune on his campaign.
"Tom has committed to spending at least $100 million on this campaign," said Alberto Lammers, a spokesman for Mr. Steyer.
That figure exceeds the total fund-raising over the last three months by Joseph R. Biden Jr., Pete Buttigieg, Elizabeth Warren, Bernie Sanders and Kamala Harris — combined. A $100 million budget would represent about half the cost of Hillary Clinton's 2016 primary campaign; most candidates who run for president spend a fraction of that sum.
While Steyer does not explicitly mention impeaching Trump in his campaign rollout, Salon's Sophia Tesfaye suggests his presidential bid could be enough to "shame" House Speaker Nancy Pelosi and other top Democrats into taking more forceful action on the issue.
"Steyer's public case for impeachment stalled out after he initially bowed out of the presidential race six months ago," writes Tesfaye, "but his group, Need to Impeach, recently released a $1 million ad buy for national networks in New Hampshire and Iowa, criticizing Democratic Party leaders for doing nothing."
Over at Splinter, journalist and commentator Libby Watson was having none of it in her column "Tom Steyer Thinks You're Stupid." Of course, Steyer has every right to run for president if he wants to, argues Watson, but that's not the point. She writes:
It's not that Tom Steyer is cheating. It's that his obscene wealth and the accordant ability to buy his way into the political system is exactly what's wrong with America. It's that the existence of Tom Steyer, billionaire, is cheating. And it's wrong.
Steyer's campaign launch video proved he does not understand this at all. Throughout, he railed against big money in politics and corporate interests swaying the political system in their favor — while running a campaign for president that's only made possible by the billions he amassed at his hedge fund. He doesn't understand that this isn't a good thing even if the billionaire with outsized influence happens to be a nice old California hippie type who just loves the environment and says the right things about the rest of the rich guys.
A quixotic billionaire campaign from the older brother from Succession might be better than, say, Exxon Mobil personified running (hey, corporations are people, right?). But Steyer doesn't realize that he does not have the moral authority to rail against the system that created him just because he is One of the Good Billionaires. The point of democracy is representation by the people, not representation by an uber-wealthy guy who promises real hard to figure out what real people need.
Steyer, however, made it clear he thinks he has a message worth sharing and — like other billionaire candidates before him — has the resources to fund his own campaign.
"Let's take our democracy back from corporations and special interests," Steyer added, "and give it to the people — the way it was always intended."
Reposted with permission from our media associate Common Dreams.
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When Looking Through a Microscope Isn’t Close Enough.<p>For the last few years, <a href="http://www.rokaslab.org/" target="_blank">our team at Vanderbilt University</a>, <a href="https://www.researchgate.net/lab/Gustavo-Goldman-Lab" target="_blank">Gustavo Goldman's team at São Paulo University in Brazil</a> and many other collaborators around the world have been collecting samples of fungi from patients infected with different species of <em>Aspergillus</em> molds. One of the species we are particularly interested in is <a href="https://doi.org/10.1006/rwgn.2001.0082" target="_blank"><em>Aspergillus nidulans</em>, a relatively common and generally harmless fungus</a>. Clinical laboratories typically identify the species of <em>Aspergillus</em> causing the infection by examining cultures of the fungi under the microscope. The problem with this approach is that very closely related species of <em>Aspergillus</em> tend to look very similar in their broad morphology or physical appearance when viewing them through a microscope.</p><p>Interested in examining the varying abilities of different <em>A. nidulans</em> strains to cause disease, we decided to analyze their total genetic content, or genomes. What we saw came as a total surprise. We had not collected <em>A. nidulans</em> but <em>Aspergillus latus</em>, a close relative of <em>A. nidulans</em> and, as we were to soon find out, <a href="https://doi.org/10.1016/j.cub.2020.04.071" target="_blank">a hybrid species that evolved through the fusion of the genomes</a> of two other <em>Aspergillus</em> species: <em>Aspergillus spinulosporus</em> and an unknown close relative of <em>Aspergillus quadrilineatus</em>. Thus, we realized not only that these patients harbored infections from an entirely different species than we thought they were, but also that this species was the first ever <em>Aspergillus</em> hybrid known to cause human infections.</p>
Several Different Fungal Hybrids Cause Human Disease.<p>Hybrid fungi that can cause infections in humans are well known to occur in several different lineages of single-celled fungi known as yeasts. Notable examples include multiple different species of <a href="https://doi.org/10.1002/yea.3242" target="_blank">yeast hybrids</a> that cause the human diseases <a href="https://rarediseases.info.nih.gov/diseases/6218/cryptococcosis" target="_blank">cryptococcosis</a> and <a href="https://www.cdc.gov/fungal/diseases/candidiasis/index.html" target="_blank">candidiasis</a>. Although pathogenic yeast hybrids are well known, our discovery that the <em>A. latus</em> pathogen is a hybrid is a first for molds that cause disease in humans.</p>
The Evolutionary Origin of an Aspergillus Hybrid.<p>Multiple evolutionary paths can lead to the emergence of hybrids. One path is through mating, just as the horse and donkey mate to create a mule. Another path is through the merging or fusion of genetic material from cells of different species.</p><p>It is this second path that appears to have been taken by our fungus. <em>A. latus</em> appears to have two of almost everything compared to its parental species: twice the genome size, twice the total number of genes and so on. But unlike other hybrids, which are often sterile like the mule, we found that <em>A. latus</em> is capable of reproducing both asexually and sexually.</p><p>But how distinct were the parents of <em>A. latus</em>? By comparing the parts contributed by each parent in the <em>A. latus</em> genome, we estimate that its parents are approximately 93% genetically similar, which is about as related as we humans are with lemurs. In other words, <em>A. latus</em>, an agent of infectious disease, is the fungal equivalent of a human-lemur hybrid.</p>
How A. Latus Differs From its Parents.<p>Elucidating the identity of closely related fungal pathogens and how they differ from each other in infection-relevant characteristics is a key step toward reducing the burden of fungal disease. For example, we found that <em>A. latus</em> was three times more resistant than <em>A. nidulans</em>, the species it was originally identified as using microscopy-based methods, to one of the most common antifungal drugs, <a href="https://www.drugbank.ca/drugs/DB00520" target="_blank">caspofungin</a>. This result provides a clear example of the potential importance of accurate identification of the <em>Aspergillus</em> pathogen causing an infection.</p><p>We also examined how <em>A. latus</em> and <em>A. nidulans</em> interact with cells from our immune system. We found that immune cells were less efficient at combating <em>A. latus</em> compared to <em>A. nidulans</em>, suggesting the hybrid fungus may be trickier for our immune systems to identify and destroy.</p><p>In the midst of the COVID-19 pandemic, our quest to understand <em>Aspergillus</em> pathogens is becoming more urgent. Growing evidence suggests that <a href="https://doi.org/10.1111/myc.13096" target="_blank">a fraction of COVID-19 patients are also infected with <em>Aspergillus</em>.</a> More worrying is that these <a href="https://doi.org/10.3201/eid2607.201603" target="_blank">secondary <em>Aspergillus</em> infections</a> can worsen the clinical outcomes for those infected with the novel coronavirus. That being said, we stress that little is known about <em>Aspergillus</em> infections in COVID-19 patients due to a lack of systematic testing, and none of the infections identified so far appear to have been caused by hybrids.</p><p>So, when it comes to hybrids, some are fantastic (the minotaur), some are helpful (the mule) and some are dangerous (<em>Aspergillus latus</em>). Understanding more about the biology of <em>Aspergillus latus</em> may help in our understanding of how microbial pathogens arise and how to best prevent and combat their infections.</p>
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