Our Ocean’s Canaries, Mohammad Meets Lolita, Uranium Club, Parental Discrepancy, QE Tick-Tick-Tick, Investing Disruption
What I’m listening to.
Are the oceans dying?
Kim Cobb, a marine scientist at the Georgia Institute of Technology, expected the coral to be damaged when she plunged into the deep blue waters off Kiritimati Island, a remote atoll near the center of the Pacific Ocean. Still, she was stunned by what she saw as she descended some 30 feet to the rim of a coral outcropping.
The discovery by a Cambridge university professor of a network of listening cables hidden beneath his floorboards has lifted the lid on one of the most remarkable secret chapters in the Second World War.
It is estimated that 3.7% of all children are being raised by men who are not their biological father, but think they are ...
Justin Welby issued a wonderfully dignified statement on Friday after finding out that that Gavin Welby, the man on his birth certificate, was not his father. Instead, it was Sir Anthony Montague Browne, Churchill’s private secretary, with whom his mother had a secret fling.
Def.: Paternal Discrepancy (PD) more generally. This is the umbrella term for fathers bringing up children they believe to be their own flesh and blood, but who are the result of an illicit affair.
You were warned. (ed’s note -- maybe this explains the property bubbles.)
Oil prices rallied last week, after a surprise drop in US crude inventories. Despite ongoing volatility ahead of the Opec exporters’ cartel meeting on April 17, the trend seems clear. Oil is up 40pc since mid-January.
Paul Ryan’s shadow.
As the Republican candidates for the White House battled in Wisconsin last week, Speaker Paul D. Ryan was conspicuously absent from his home state — but he was very much on the political stage.
Active managers losing ground.
The deteriorating ability of money managers to beat their indices has led to a “flowmageddon” for asset management companies, as investors have accelerated their shift towards passive strategies such as exchange-traded funds.
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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©
Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.
The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.
When too few get too much everybody loses.
Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.
Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?
Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.
My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.
Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.
Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.
Public policy should be designed to decrease inequality before the law and increase equality of opportunity.
Capitalism is not the problem; the problem is what we do with capitalism.
Content is always more difficult to argue than conspiracy.
Let the state regulate and the market operate (most things).
Welfare strategies are best designed as a hand up, not as a hand out.
Political debate should not be fact free fighting.
Explanation lasts longer than eloquence.
Always favour empowerment over dependency.
The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.
Find your voice and don't be the echo of somebody else.
It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.