Thursday, November 07, 2013

Chekhov on teaching

How can we undertake to bring up the young? In old days people were simpler and thought less, and so settled problems boldly. But we think too much, we are eaten up by logic. 

The more developed a man is, the more he reflects and gives himself up to subtleties, the more undecided and scrupulous he becomes, and the more timidity he shows in taking action. How much courage and self-confidence it needs, when one comes to look into it closely, to undertake to teach, to judge, to write a thick book.

Anton Chekhov – Home (short story published in 1887)

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Wednesday, November 06, 2013

Lost words

There are things we can’t say concisely and with sufficient emphasis because too many words have been softened by political familiarity.

A good word for authoritarian politics is one we could do with as a matter of some urgency. We have communist, Marxist, Stalinist, Maoist, fascist and one or two others but we already know them to be inadequate. They fail to capture the acute political danger of centralising all decisions. They fail to get behind the fluffy velvet glove.

Communist and Marxist have been shorn of their terrors by cartloads of fellow travellers infesting western politics and academia. Somehow, the human horror of killing innocent people by the millions has left no seriously indelible mark on our language. How convenient that is for modern central planners - but surely not a healthy situation for the rest of us.

As for Stalinist and Maoist I think the same problem applies. Many people of a certain age once knew self-professed Maoists and comfortable middle class faux radicals with Soviet sympathies. They were those for whom Stalin and Mao were no more than over-enthusiastic in their ruthless application of industrial scale murder.

As for fascist, it has evolved into little more than a term of abuse, although very often it is all we have. So we drift towards a kind of soft fascism because even our language has betrayal woven into its threadbare and endlessly ameliorative fabric.

What else can one say – without better words?

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BAe and Scottish independence

Is the Government leaning on BAe to threaten Scots with unemployment if they secede?

If so, let's reverse the Highland Clearances. I'll change my name to C U Jimmy and buy an Arctic sleeping bag. Portsmouth will never get independence and I'm about up to here with the dreary white man's way, where they pump house prices to win elections and turn your dwelling into the financial equivalent of an open prison.

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Monday, November 04, 2013

Chekhov on smoking


40 (packs) a day: http://news.malaysia.msn.com/photogallery.aspx?cp-documentid=4283455&page=2

“By the way, Yevgeny Petrovitch, I should like to ask you to speak to Seryozha. To-day, and the day before yesterday, I have noticed that he is smoking. When I began to expostulate with him, he put his fingers in his ears as usual, and sang loudly to drown my voice."

Yevgeny Petrovitch Bykovsky, the prosecutor of the circuit court, who had just come back from a session and was taking off his gloves in his study, looked at the governess as she made her report, and laughed. "Seryozha smoking... " he said, shrugging his shoulders. "I can picture the little cherub with a cigarette in his mouth! Why, how old is he?"

"Seven. You think it is not important, but at his age smoking is a bad and pernicious habit, and bad habits ought to be eradicated in the beginning."

"Perfectly true. And where does he get the tobacco?"

"He takes it from the drawer in your table."

"Yes? In that case, send him to me." When the governess had gone out, Bykovsky sat down in an arm-chair before his writing-table, shut his eyes, and fell to thinking. He pictured his Seryozha with a huge cigar, a yard long, in the midst of clouds of tobacco smoke, and this caricature made him smile; at the same time, the grave, troubled face of the governess called up memories of the long past, half-forgotten time when smoking aroused in his teachers and parents a strange, not quite intelligible horror.

It really was horror. Children were mercilessly flogged and expelled from school, and their lives were made a misery on account of smoking, though not a single teacher or father knew exactly what was the harm or sinfulness of smoking. Even very intelligent people did not scruple to wage war on a vice which they did not understand.

Yevgeny Petrovitch remembered the head-master of the high school, a very cultured and good-natured old man, who was so appalled when he found a high-school boy with a cigarette in his mouth that he turned pale, immediately summoned an emergency committee of the teachers, and sentenced the sinner to expulsion.

This was probably a law of social life: the less an evil was understood, the more fiercely and coarsely it was attacked.

Anton Chekhov – Home (short story published in 1887)

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Saturday, November 02, 2013

Jon Holmes and Waitrose

Jon Holmes is a writer, comedian and broadcaster who features on Radio 4's Now Show. This week he was being hilarious about people who shop at Waitrose (spoilt middle-class focaccia-fanciers etc - 8 minutes into this episode).

Jon Holmes lives in Canterbury, Kent, where he went to university.

His nearest Waitrose branch is:


The average asking price for a semi-detached house in Birmingham B28 (the location of my nearest Waitrose) is £205,431 (more than mine is worth, I'm afraid). In Canterbury it's £253,333.

There is a point, is there not, when an edgy comedian becomes part of the class he satirises. It used to be that they then started writing restaurant sketches, since presumably they'd given up cooking for themselves. We can only hope that it doesn't go so far with Jon. Equally, we hope that he's lost some of his rough Warwickshire ways* and now knows what furniture is for.

Anyone seen him down the flavoured olive oil aisle recently?

* "Despite his numerous awards Holmes has been sacked from a plethora of stations including Xfm, where he allegedly defecated into fellow presenter Dermot O'Leary's desk drawer live on air.." http://www.suchsmallportions.com/person/jon-holmes

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Friday, November 01, 2013

Intelligence and smarties



Let’s concoct a new theory of intelligence. It’s about time we had a new one because the old version looks as flaky as a Lib Dem policy. Just take a look at current energy policies if you don’t believe me - Lib Dems are in favour.

Right ho - to rectify this lamentable situation I’ve spent fifteen precious minutes dreaming up the basic building block of intelligent awareness called... wait for it...

The smartie.

It’s not an original use of the word, but what do you expect for fifteen minutes? A workable energy policy?... Hmm, bad example... anyway, here is the smartie theory in all its conceptual glory.

In essence, the more smarties you have and the wider your range of smarties, the smarter you are - in a genial kind of way because I think a nod to Santayana is somehow appropriate for smarties. If you want to know why, you’ll have to read him and acquire a whole shed-load of smarties.

So throughout daily life we have the option of acquiring more smarties - vitamins of the mind. Smarties come in numerous colours, shapes, flavours, sizes, sweetness, price and brands so those who collect only one flavour or those who focus on brand are not as smart as those who collect lots of different smarties. Especially the home made smarties, of which smartie theory itself is just one example!

For example, Nick Clegg only collects Nick Clegg and EU smarties, which makes him smart on these subjects only. He knows how the EU is likely to benefit Nick Clegg and virtually nothing else. There are no Lib Dem smarties by the way.

Those eccentrics who love nuances and breadth of vision also love all kinds of smarties and collect loads of them. This gives us the Smartie Rich or SR quotient – a much needed antidote to IQ. So a person with a high SR is smarter than Nick Clegg which we now know isn’t saying much but it’s progress of a kind. Progress Nick knows nothing about of course.

The elite classes only collect elite smarties, a narrow range of all the smarties on offer. So they never become smart - because they can’t. Prince Charles is a good example. In his position, with all that travel and cultural contact he should have a huge SR, but his social position narrows the possibilities before he even gets to choose. He only likes green smarties anyway.

Prince George will have the same problem – except he won’t even know because he won’t have a sufficiently wide range of smarties to tell him it’s a problem.

So it is with the political elite who only collect the smarties offered to them by lobbyists, flunkies, and smartie advisers who are in exactly the same smartie-delimted boat.

Smartie collecting is an essentially serendipitous activity driven by the sheer joy of discovery and the substantially lesser joy of changing your mind occasionally.

Smarties are usually minor discoveries such as nuances, aspects alternative emphases or poetic insights, but they are all grist to the smartie mill and raise one’s SR to quite dizzying heights of pure fancy.

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UK Sharia Bonds - ?

As part of the government's blitz of 'look what we're doing' announcements, we now have "Britain to become first non-Muslim country to launch sharia bond: David Cameron to unveil £200m Sukuk".  So what's going on here ?


a.  Political Significance

A couple of weeks ago I posted about how the UK is kow-towing to the Chinese as part of our economic escape plan.
"This is a particularly acute risk for the UK ... In our semi-detatched euro-positioning, our vulnerability to having the City isolated by jealous continental and American financial authorities, and our commendable centuries-old willingness to roam the high seas, we will always be inclined to 'trade our way out of trouble'. Now true commercial trade is a great thing and would indeed be the ideal way forward. But increasingly what we see is a baser trade: the prostituting of our institutions to the whim of Russian and Chinese wealth. If they want to lavish their money on our libel courts or Mayfair shops, that's one thing. But it won't be ending there. Today we see the first of the mega-bargains our desperate UK politicians will enter in order to engineer short- and medium-term relief from our woes. Faustian is just one way to describe it."
There, I was writing about the nuclear deal, but of course that was part of Osborne's Sino-package that included a putatively huge and strategic banking 'n' finance deal.  These are the kind of moves that can leave green-eyed Frankfurt and New York grasping vainly at thin air, reinforcing London as "the undisputed capital of the world".  At least, that's how the dream story-line runs.  Brown hoped to do the same, but Osborne is acting more decisively.

The sharia leg of this burgeoning development causes nervous murmurs on the home political front - see this piece at ConHome.  Should it ?  Given that in technical terms the distinguishing  features of sharia finance are, to the unbeliever, quirky to the point of quaint (see below), objectively the whole thing is a bit like the 'ethical investment' industry: why not let anyone who wishes to cut themselves off from the full range products, do so if they choose?

But obviously there is a heavyweight cultural overlay to this, and maybe objectively speaking is not enough.  I am 'relaxed' about all sorts of 'alien' business influences and ownerships in the UK.  To me it is part and parcel of what I take to be a very traditional British openness to trade and cultural curiosity (which, by the way, is only one strand of British tradition as I know full well).

But I am not remotely relaxed about the rule of UK law and for me there is a simple bottom line.  Provided all this UK sharia stuff is subject to the same banking regs as everything else (and these are enforced with the full force of law, see C@W  passim), let's go for the money and leave Frankfurt and New York fuming.  This proviso is not trivial, and not just because enforcement of banking regs had become a sick joke.  It must surely be the case that hawala transfers are routinely used to dodge western banking regulations (not to mention money laundering); and bringing any such system into mainstream scrutiny must be a highly desirable goal of policy - nay, even an imperialistic power-grab!

b.  Financial Aspects

Sharia finance properly analysed is a subset of general Finance-with-a-capital-f, delineated by some strict rules around interest-payments which must not feature in the story of what A pays to B.  Recalling the informal definition of a Swap - the exchange of cash flows between consenting adults - most sharia-compliant deals are what are known in the real world as total return swaps (TRS), and there is nothing scary or alien about them per se. Of course, they are a bit more complicated than plain vanilla loans etc - but so what?  Lots of financial instruments are.

Far from scary, putting aside the political stuff I'd say the whole thing is pretty amusing.  The restrictions that make these deals sharia-compliant remind one of nothing so much as the crazy, tortuous tax regulations which make certain kinds of (e.g.) UK film investments qualify for attractive tax breaks.  In other words, they are an adventure-playground for shyster tax-lawyers, and sharia will be just the same**.  The arguments over what counts as what; the twisted convolutions required to label interest payments as anything but interest, are hair-splitting sophistry - literally theological.  There already is a service industry around this, with "Islamic scholars" getting good money for certifying individual deals.  The People of the Book know all about this stuff, too, and what a gravy-train for the City it promises to be !
______________
** Just as with 'ethical investments', one imagines there are disappointments ahead for those who place great store by what they are being sold truly complying with the advertised principles.  I suppose that in some countries, anyone caught playing fast and loose with the sharia interest rules might have their parts cut off  ... a risk that the City boys will need to factor in for themselves, eh?  


This post first appeared on the Capitalists@Work blog

 
All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.