To Buy Oil Stocks, Momentum Investing, Is Corbyn a Tory Plant?, Playing with Fire, Keeping Foreign Students, Minding the Baby

What I’m listening to.

Dvořák Symphony No 9 "New World" Celibidache, Münchner Philharmoniker, 1991

When blood is in the streets ...

Financial Times -- After the fall — a time to buy

Markets are inherently prone to volatility. Prices and valuations do not proceed in an orderly and linear fashion.

For serious investors.

Ted Carmichael -- Momentum Investing

While investors are surely hoping that the worst is over for 2016, the momentum approach is still suggesting caution. Momentum rules point to overweighting (if not fully allocating) portfolios to bonds.   

The Labour Party’s worst enemy.

Telegraph -- There is no conspriacy against Jeremy Corbyn

The Labour leader's bizarre behaviour is best explained by the assumption that he is controlled by a cabal of his enemies. But he isn't.

Quote -- “ The Corbyn takeover is undoubtedly good news for whoever succeeds David Cameron as Prime Minister before the next election, for the Conservative Party, and for anyone who doesn’t want to see a centre-left progressive government any time soon.”

First Dolly, now Molly ...

Independent -- UK scientists get green light to genetically modify human embryos

The technique could help explain and ultimately eradicate many diseases in humans - but it is not without controversy.

Canada’s got this right, the UK and the US don’t.

Economist -- Train ’em up. Kick ’em out

Shrewd governments welcome foreign students. Stupid ones block and expel them

The way to reduce child abuse, prevention not intervention.

New Yorker -- Baby Doe

A political history of tragedy.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

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.