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TALLRITE BLOG
ARCHIVE
This archive, organized into months, and indexed by
time
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contains all issues since inception, including the current week.
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November 2007 |
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Time and date in
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ISSUE #166 - 18th
November 2007
[545+757 =1302]
Click here for Word
Version of Issue #166 |
$100 Oil: Déjà
Vu
In
1991, Daniel Yergin wrote a seminal 800-page book about the oil business,
called
“The Prize: The Epic Quest for Oil, Money and Power”, which earned him the
Pulitzer Prize. It traces the industry's history from the first
oil well in Pennsylvania up until the aftermath of the first Gulf War, and
elucidates how oil shaped the entire world economy and international
politics in the last century. It is a marvellous tome, written in the style
of a rattling good yarn.
|
If I still had my copy, I
would share with you a particular photograph from the 1950s, that sticks
in my mind. It depicts a pre-politics George Bush Senior, then an
executive with an oil-industry supply-boat company called Zapata.
He is attending the launch of a new Zapata boat, and is holding the hand
of his smartly-dressed very serious-looking young son of about nine
years, also called George ... |
Since
reading that book fifteen years ago, I have regarded Dr Yergin as the
ultimate authority when it comes to hydrocarbon industry issues.
Today he is chairman of
Cambridge Energy Research Associates, so I paid special attention when,
in that capacity, he
declaimed last month that
“Oil prices are becoming increasingly decoupled from the fundamentals
of supply and demand. With prices over $90 a barrel and
strong anticipation of $100, the oil market is showing signs of high fever,
stoked by fears of clashes in the Middle East and resulting disruptions of
supply. A weakening dollar and anticipation of further weakness add further
fuel to the fever. The oil market may be only one or two events away
from $100-plus oil, and there is much momentum in that direction.”
$100 a barrel. How scary is that?
Not nearly as scary as it once was. I had the
good fortune to live and work in Aberdeen (Scotland) in the early 1980s,
benefiting from a silver lining where others suffered clouds.
And what clouds they were.
In 1979, the Ayatollah Khomeini had returned from
exile (in France) to Iran and kicked the West-friendly Shah out of the
country.
Iranian “students”,
inspired or directed - but certainly supported - by the Ayatollah, had then
invaded the US embassy in Teheran and
kidnapped 63 US diplomats (who are supposed to enjoy diplomatic
immunity) plus three other Americans.
“Invaded” because the soil of any embassy is, under international
law, an integral part of the country whose embassy it is.
The pathetic US president Jimmy Carter, however, too
fearful to recognize the foreign assault on American sovereignty that the
invasion constituted (the first since Pearl Harbor), made no effort to
recapture the American embassy and demonstrate to the infant, chaotic,
vulnerable Khomeini regime the unacceptability of such behaviour.
Instead he launched a complicated high-risk
under-planned under-rehearsed air-borne
mission to rescue the hostages. It came to catastrophic grief deep
in the Iranian desert when two helicopters got lost, another suffered a
mechanical breakdown and and a fourth taxied straight into a C-130 heavy
transport airplane on the ground, destroying both craft and killing eight
servicemen. Many still view this abortive operation as a metaphor for
the whole wretched Carter presidency.
Eleven hostages were freed early, but the other 52
were held for 444 days, and were released only once Mr Carter had lost his
re-election and immediately after Ronald Reagan was sworn in - a final
Iranian insult to the hapless peanut farmer.
Meanwhile, OPEC, spurred on by turmoil in Iran and
the memory of the gigantic riches that flowed from the unprecedented price
hikes of the first oil crisis in 1973, engineered another tsunami of money
heading in their direction. And as prices soared, Iraq's opportunistic
invasion of Iran in 1980 further disrupted supplies from both countries,
contributing to the 1979/80 leap in oil price from $16 to $40 a barrel.
In turn, this tipped most of the developed, oil-consuming world,
including the
US,
into economic malaise and increased unemployment, which
persisted until oil-prices collapsed in the mid-1980s.
These are all the clouds, and by God there were
many.
But if you were involved in the industry during the
crucial span of 1980-85, these were indeed silver-lining times, because at
those juicy prices nearly everything you put your mind to seemed to turn a
profit.
When you're already happy with $15 a barrel, $25-35
is very welcome indeed, especially when you cannot imagine the price going
anywhere but even higher. So the industry boomed, and no more so than
in the (non-OPEC) North Sea. Aberdeen became a bonanza town redolent
of San Francisco in its
Gold Rush of 1848-55.
My job at that time included heading up a small
economics unit in Aberdeen for a major multi-national oil company with huge
assets in the North Sea. Staff who came up with ideas for making
improvements to oil-producing platforms used to come to me to get an
economic evaluation that they could present to management. Typically,
their question was along the lines of,
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my
proposed improvement will cost $20 million, and |
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add a
further two million bucks per year in running costs,
|
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but it
will increase oil production by three hundred barrels a day for five
years, |
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though
reduce it by one hundred for the following ten,
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so over the fifteen years, will it make money for
the company?
The calculations were complicated because of the
tortuous tax regime the UK imposed on the oil industry (plus the absence of
computer-power). But they would be carried out not only at the
prevailing oil price and predictions, but also at a variety of lower and
higher price scenarios in order to test the project's economic robustness in
the face of alternative futures.
And at the top end of the scale at which my team
would routinely make its evaluations was Dr Yergin's dreaded $100/day,
because in the business environment then prevailing this was not a totally
preposterous supposition.
But we're talking early 1980s: the inflation factor
from then to now is around 2½. That
means, in today's terms, the oil price had already touched a hundred 2007
dollars (see chart) and we in the business were having to anticipate a
possible stratospheric oil price of no less than $250/bbl.
When I would tell people this outside the industry -
businessmen or just ordinary citizens who had to survive in the
“real”
world - they would visibly blanch. Where I in my bubble was
anticipating only further opportunities, they saw further recession,
unemployment, inflation, general misery.
Of course the good times (or bad times depending on
whether you were inside or outside the bubble) didn't last, couldn't last.
The oil price crashed in 1986 (along with Aberdeen house-prices), but by
that time I had moved on to Africa which was uncharacteristically
experiencing its own little boom, though for completely different reasons.
So, hundred dollar oil? Been there,
experienced that. A quarter of a century ago. Déjà vu
all over again.
Back to List of Contents
Celebrities
and their Animal Problems
Most of us, if we have a problem with an animal, we fix it.
No big deal. A bowl of food, a trip to the vet, whatever.
Celebrities, it seems, are different, both in the animal
problems they seem to face and the way they approach them.
Take Priyanka, the beautiful, celebrity
granddaughter of the late, assassinated Indira Ghandi. Priyanka lives
in a house in Delhi which recently found itself
invaded by a horde of monkeys (well, at least one monkey), who had
already bitten 31 people in the past two days, and some time earlier caused
the deputy mayor to fall on his head. The thought of a discommoded
Ghandi put the civic authorities into a panic as they seemed to think the
monkey problem was their problem. On the basis of using a thief to
catch a thief, they deployed their most powerful anti-monkey weapon in their
(Hindu, non-lethal arsenal). They sent in a
langur.
That's another kind of monkey that, despite being vegetarian, apparently
puts the fear of God (or rather,
Brahmā/Vishnu/Shiva)
into the first kind.
Then there's the story of
Jimmy Carter
and the neighbour's cat, which came to light last week. His abhorrence
of violence (especially when applied in self-defence by any non-Muslim
non-Christian non-Hindu non-Buddhist non-Atheist non-Agnostic democratic
member of the
United Nations confronted with rocket attacks) does not, it seems, extend to
animals. His letter of apology for having killed his sister-in-law's cat instead of
only
“stinging”
(= torturing) it explains all.
5/13/90 [13th May 1990]
To Sybil,
Lamentably, I killed your cat while trying just to sting it. It was
crouched, as usual, under one of our bird feeders & I fired from some
distance with bird shot. It may ease your grief somewhat to know that the
cat was buried properly with a prayer & that I’ll be glad to get you another
of your choice.
I called & came by your house several times. We will be in the Dominican
Republic until Thursday. I’ll see you then.
Love, Jimmy [Carter, Nobel Peace Laureate, 2002]
Further details
here.
But then, he was already renowned for his
fear of
giant swimming rabbits, so perhaps we should not have been so surprised
that he would brook no nonsense from a mere cat.
And so we segue smoothly on to elephants and that well known
international philanthropist Paris Hilton. She is their latest champion - or demon - depending on your, or the elephants', point of
view. She, she who went to jail for drunk driving,
is
campaigning to wean elephants off - yes - alcohol. Apparently,
they've taken to stealing farmers' home-made rice-beer, binge-drinking and
then going on the rampage. Just like Ms Hilton, in many ways.
It came
to a head when, in a drunken stupor, six elephants uprooted an electricity
pole and electrocuted themselves. We've all done it.
But Ms Hilton has made it her mission to persuade the
pachyderms of the error of their ways, by means that so far remain
undivulged. Whatever the cure she has in mind for the fun-loving
monsters, it evidently hasn't worked for her.
As I said, celebs and their animal problems are different.
Back to List of Contents
Issue 166's Letters to
the Press
Three letters, of which one - very-tongue-in-cheekish -
was published. Defending the Taoiseach probably made me more enemies
than all my warmongering scribblings added together.
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Dublin Bus Dispute
- to the Irish Times
I have no idea what the Dublin Bus dispute is about. Something to do
with additional routes (employees and unions generally welcome expansion
because it means more jobs) and extra hours (ditto, unless unpaid). But
to strike in order to disrupt bus services is a ridiculous way for the
drivers to argue their case ... |
|
Debate on Hospital Services
- to the Irish Times
Dr John Barton's
“pride that obstetric patients
recently voted our small hospital [ie Portiuncula] number one for
obstetric care in the country”
is intriguing (Letters,
November 9th). How did the patients know? Did, for example, each
woman produce ten babies in ten different hospitals ... |
|
Pay Rises for Top Politicians
P!
“Because He's Worth It”
- to the Irish Times
At first, I was as aghast as everyone else at Bertie
Ahern's self-awarded 14% increase bringing his annual salary to an
eye-popping €310,000. But then, I thought about what are the most
important deliverables of any government to its people, and they are
first security then prosperity. By contrast, the rest is either details
or trivia. In terms of security, Ireland over Mr Ahern's decade has
neither been invaded nor suffered terrorist attacks. And though the
crime rate has risen, it still stands comparison with other countries.
As for prosperity, the Celtic Tiger ... |
Back to List of Contents
Quotes for Issue 166
- - - - - - - - - - F I N L A N D - - - - - - - - - -
Quote:
“Hate. I am so full of it and I love it. I
will eliminate all who I see unfit, disgraces of human race and
failures of natural selection.”
Pekka-Eric Auvinen, the 18-year-old student
who
referred to himself as a “Natural Selector”,
hours before he shot eight people dead at a school in Finland
- - - - - - - - - - P A K I S T A N - - - - - - - - -
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Quote:
“I will not serve as prime minister as long as
Musharraf is president.”
Pakistan's twice ex-Prime Minister Benazir
Bhutto talks tough
(but she's so hungry for power I doubt she means it)
Quote: “The day when there is no turmoil
in Pakistan, I will step down”
Pervez Musharraf makes it pretty clear
he has no intention of stepping down, ever
Quote:
“They
need to release the people that they've arrested, they need to stop
beating people in the streets, they need to restore press freedom
and they need to get back on the path to democracy soon - now.”
US national security council spokesman Gordon Johndroe
on the martial law situation in Pakistan,
warns that US patience is not
“never-ending”.
- - - - - - - - - - I R A Q - - - - - - - - - -
Quote:
“If 2007 was the year of security, 2008 will be
a year of reconstruction, a year of infrastructure repair and a year
of - if there is going to be a surge - a year of the surge of the
economy.”
General Joseph Fil, the US commander in Baghdad,
voices some optimism.
Quote:
“I don't believe the surge is
working. … You don't measure progress by body counts.”
From February to September this year, the body
count has gone down
from 81
US troops killed per month to 38
and the monthly
civilian death toll from 2,790 to 840
However Democratic presidential hopeful Bill
Richardson
is dismayed at the possible prospect of a non-defeat in Iraq.
A dramatic decrease in dead American soldiers and dead Iraqi
civilians
is evidently of little consequence to him.
- - - - - - - - - - I R A N - - - - - - - - - -
Quote:
“Iran
is the
world's leading state sponsor of terrorism. Iran backs Hizbullah,
who are trying to undermine the democratic government of Lebanon.
Iran funds terrorist groups like Hamas and the Palestinian Islamic
Jihad, which murder the innocent, and target Israel, and destabilize
the Palestinian territories. Iran is sending arms to the Taliban in
Afghanistan ... Iran's active pursuit of technology that could lead
to nuclear weapons threatens to put a region already known for
instability and violence under the shadow of a nuclear holocaust. We
will confront this danger before it is too late.
Quote: We have got a leader in Iran who has
announced that he wants to destroy Israel. So I've told people that
if you're interested in avoiding World War III, it seems like you
ought to be interested in preventing them from having the knowledge
necessary to make a nuclear weapon. I take the threat of Iran with a
nuclear weapon very seriously.”
George Bush cranks up the rhetoric,
first at the 89th American Legion Convention
then at a recent White House press conference
- - - - - - - - - - F R A N C E - - - - - - - - - -
Quote:
“I also came to say that one can be a friend of
America, and yet win elections in France.”
President Nicolas Sarkozy at a White House
dinner,
rebuilding France-America relations
destroyed by his bitter and twisted predecessor Jacques Chirac
- - - - - - - - - - P R O T O C O L - - - - - - - - -
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Quote:
“Why don't you shut up?”
King Juan Carlos of Spain,
in a stunning breach of protocol,
at an Ibero-American summit in Santiago, Chile,
shuts up Venezuela's president Hugo Chavez
in the midst of a harangue about
the
“fascism”
of Spain's democratic leaders.
To add insult, the king employs
the familiar
“tu”
used to address children
rather than the formal
“usted”
Back to List of Contents |
See the
Archive and Blogroll at top left and right, for your convenience
Back to Top of Page |
ISSUE #165 - 7th
November 2007
[439+188=627]
Click here for Word
Version of Issue #165 |
Recognizing Non-Marital
Unions
Civil union, civil partnership, gay marriage.
It's all the talk, these days.
Unless you're one of those who believe homosexuality
is some kind of
curable
disease like leprosy or else a fun lifestyle
choice like drinking wine instead of beer, you would have to feel sorry for
the plight of gays and lesbians in a hetero world.
A minority wherever they go, largely despised or
disliked or disparaged, whether to their face or not, they can never feel
fully comfortable except amongst fellow-gays. And since they
constitute only
around
3% of the population, and rarely wear labels to identify themselves, it
cannot be easy for them to find fellow gays to hang out with.
For convenience, I am using
the term
“gays” to include “lesbians and gays”,
and also bisexuals and transgender people, sometimes known collectively
as LGBTs.
Furthermore, except for those torn few who try to
hide or suppress their true sexual nature, conventional marriage is out, as
is having children and enjoying a
“normal”
family life. Conventional marriage is, of course, a union between a
man and woman who vow to stay together for life.
For gay adherents to religions that forbid extra-marital sex,
the situation is
even worse, because they are condemned to a lifetime of celibacy.
Thus when you hear proposals for making marriage available to gays and
lesbians, you'd have to be especially hard-hearted to remain unsympathetic.
Of course, there's nothing to stop two gays vowing to remain together as
a couple for life. But without legal standing they would be denied all
the social benefits of marriage, specifically -
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the opportunity to be taxed
as a single unit rather than individually, |
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tax-free inheritance of
assets between spouses, |
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the continued payment of a
pension to a surviving spouse, and |
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certain other less pecuniary
rights such as next-of-kin status. |
These benefits derive from the societal purpose of a
sharing marriage: the procreation and raising of children by their parents,
and thus not unduly penalising one parent for spending more time rearing and
less time earning than the other. Numerous studies demonstrate
that for a child to have the best chance of growing up well adjusted
mentally and able to support him/herself in adulthood, there is no better
environment than being raised by its own, married (to each other) mother and
father. That's not to say that single parents or unmarried parents, or
indeed gay parents, cannot raise children successfully, just that
statistically the chances are lower.
The payback for the state,
therefore, of providing tax and other benefits is future citizens with the
maximum chance of being able to contribute constructively to society.
Thus, without children, or the possibility
of children, such statutory benefits appear to make no sense.
This is the practical objection to gay marriage:
there is no reason for society to get involved because no children can ever
result from the union.
There are other, more spurious
arguments for and against.
|
It is
“discriminatory” to deny gays full marriage rights that
heterosexuals enjoy.
|
This is nonsense. Gays do have full right to marry someone of
the opposite sex, just like everyone else. It's just something
they don't choose to do. |
|
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Nearly
all religions abhor gay marriage because, well, it is contrary to their
religious teaching.
|
Unless you live in a theocratic state, this is no argument at all.
It simply amounts to
“the answer's no because it's no”.
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Gay
marriage undermines heterosexual marriage.
|
This
too is ridiculous. How can my marriage be demeaned just
because two gays get married? Does it bring me closer to
divorce? |
|
Indeed, heterosexual divorce is the one thing that truly does
undermine marriage, for its widespread availability attributes to
the vow
“till death to us part”
the meaning
“till divorce do us
part”.
This Alice-in-Wonderland verbal contortion turns marriage into a
much less risky venture and can thus be entered into much more
frivolously (just ask
Britney).
|
|
And yet, gays are human beings of flesh and blood
with all the wants, needs and longings of everyone else.
It seems churlish to deny them the benefits of
marriage so freely - and frivolously - available to others. Is there no
benefit to society that might offset the cost of the benefits?
Well, as a matter of fact there is. People
often criticise the promiscuous lifestyle of many gays, with its scope to
contract STDs on the one hand and set a bad example to impressionable youth
on the other. To such critics (though they may not want to admit it), a life-long commitment of love and
fidelity between cohabiting same-sex partners, reinforced by the state, can
only represent an improvement. Society would certainly get some
payback for the concession of legal recognition, but far less than that of
generating responsible future citizens.
On balance, therefore, I have tended to favour some kind of
state recognition, though it should never be called
“marriage”
as this term has a strict meaning of one man and one woman and the language
doesn't need another verbal contortion in this contentious area.
And yet ...
Since the result of granting legal status
to gay unions means conveying some very real financial advantages, a question immediately follows: what's so special about a partnership
that's gay?
If gays are going to benefit, there are plenty of other partnerships that
also need to be considered. For example, think about these
|
Two
elderly brothers who have shared a house all their lives |
|
A
spinster daughter and/or bachelor son living with their widowed mother |
|
Lifelong
bridge partners who have long shared a home together |
|
Celibate
gays |
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Three
siblings |
Once you move away from the one-man-one-woman
formula, the possible permutations become limitless.
In such an ambience, the one
thing that would distinguish gay partnerships from all the others is that
sex is involved, albeit fruitless sex. But do we really want the
state, in supporting gay unions, to say that this status is available only
if they promise to indulge in fruitless sex? And is a
gay-sex-monitoring policeman to make midnight calls to ensure compliance?
Surely to grant special financial privileges, at
taxpayer expense, to a sexually active gay couple, while denying it to a
non-gay non-sexually active co-habiting pair (or even trio) is indeed
discriminatory, as well as most odd, since it would be making gay sex a
prerequisite.
Yet the absence of this prerequisite is to open the
doors to all kinds of people - genuine and mountebank alike - claiming to be
civil partners as a tax-convenient ploy, often probably exercised on the
deathbed of any conveniently ageing relative or friend.
|
And if you think people wouldn't take deathbed
measures to minimise tax for their relatives and friends, Linda
McCartney, resident in England for three decades, did exactly that.
Dying of cancer in 2000, she hired top Manhattan lawyers to dream up a
wheeze whereby her will was probated in New York rather than her
place of residence, in order to dodge 40% inheritance tax in Britain.
This handed her (almost penniless{!}) husband Paul, family and friends a
cool
£60 million extra. (Even Heather Mills will probably end
up with a piece of it as part of her divorce settlement.)
|
Without blatantly discriminating in
favour of gays, I don't see how you can
ever put proper limits on two people hitching up for purely tax purposes. And that is not to talk about triple
and quadruple partnerships. For if the man-woman part of the marriage
bargain is to be opened up, why should the two-person restriction not also
be opened up? Everything would be up for grabs.
So, for all the sympathy I have for the plight of
gays, I have reversed my thinking, and no longer would support any kind of
civil union for them or anyone else. It's
|
either too discriminatory
against non-gays, or else |
|
too wide open to abuse by tax-dodgers.
|
In jurisdictions - such as Britain's
- which have granted significant tax advantages to gay couples in civil
unions, it is only a matter of time before non-gay couples claim and obtain
similar rights. It's already happening.
Britain's
two elderly Burden sisters, who have lived together all their lives,
want to avail of the inheritance tax waiver now available to gay
couples. They fear that otherwise, when one of them dies, the
other will have to sell their shared house to pay her dead sister's
inheritance tax. The UK's legislative system and the European
Court have both denied their request, so they are now appealing to the
EU's so-called Grand Chamber, claiming discrimination under the
terms of the European Convention of Human Rights.
It is only a matter of time before they - or similar claimants who may
follow them - are successful.
And just as abortion law -
originally highly restrictive - has over the years become de-facto
abortion-on-demand until criminally late into pregnancy, so tax-advantageous
civil unions will eventually become available to any couple (or triple) who
ask for it, regardless of the reason for their coupling/tripling and despite
what happens or doesn't happen in the bedroom. The idea of any payback
to society will be long forgotten in the rush.
So make no mistake. Each additional concession will
cut into the tax take, which will then have to be compensated either by
increased taxes paid by others or by reduced public services.
So let gays make their vows and commitments to each
other, and good luck to them, they need it. But leave the state out of
it. It should be a purely private arrangement. Just as the state
cannot grow back the leg of an amputee, so it cannot reverse someone's
homosexuality. It is something the unfortunate person simply has to learn to live
with.
Late Note
(14th January 2008):
An article by me, distilled down from the above, appeared in the OpEd
page of the (subscription-only) Irish Times
as the NO part of a debate entitled
“Should
the State sanction gay marriage?”.
The YES part was written by
Eloise McInerney of
LGBT Noise.
I have
transcribed the debate
here,
along with the (furious) letters it provoked and my responses to them.
I have also written a short
follow-up
post.
Back to List of Contents
Chilling Prospect
of an Obama Presidency
Barack Obama
burst from nowhere onto the American and international landscape after a
barnstorming performance from the podium of the US Democratic Party's
national convention in 2004. He completely overshadowed the candidate
eventually nominated to challenge George Bush, namely the abysmal John
Kerry.
Mr Obama is wonderfully articulate, a stirring orator,
yet courtly, charming and charismatic. And in his determined quest for
the 2008 Democratic nomination and ultimately the US presidency, he seems
hardly to have put a foot wrong.
Until now.
Last week, he gave a lengthy - and thoroughly alarming -
interview to the New York Times. He clearly wants to
parade to the world his vision, skill and diplomacy when it comes to foreign
affairs - unlike a certain sitting president, and another ex-president's
uppity wife.
If/when elected, he promises to launch an aggressive,
personal diplomatic effort to engage Iran,
holding out the
prospect of a guarantee that the United States will not seek regime
change in Tehran.
“I would meet directly with Iranian leaders. I would meet
directly with Syrian leaders. We would engage in a level of aggressive
personal diplomacy
... we are not hell bent on regime change
...
”,
he says.
Wow! So a leading contender for the next presidency of the world's
most powerful nation wants to encourage the continuance of one of the
world's most evil, repressive, dictatorial, anti-Semitic, anti-gay,
misogynistic, theocratic, jihadist regimes. A regime which
|
stones women for adultery,
|
|
beheads gays (whilst denying
their existence), |
|
promotes paedophilia (with a
female age of consent of just nine years), |
|
fosters terrorism and suicide
bombing (via Hezbollah and Hamas amongst others), |
|
develops nuclear weapons with
the avowed intention of wiping a UN democracy from the map.
|
Ah yes, those
inconvenient nuclear weapons ...
Question: When Vice President Cheney said we
cannot allow Iran to become a nuclear weapon state, do you agree with
that?
Mr Obama:
“What I believe is that we should do
everything in our power to prevent that in the broader context of our
long-term security interests.”
Question: And if we fail to prevent it?
Mr Obama:
“I’m not going to speculate on whether
we’re going to fail.”
Make no mistake. His unwillingness to reinforce Cheney's clear
assertion means only one thing: that he is prepared to allow
Iran have the bomb. Again,
“Iran has shown no inclination to back off of their support of
Shia militias as a consequence of the threats that they’ve been
receiving.”
In other words, threats haven't worked so let's stop making them.
You can just visualise the mullahs
in Tehran as they salivate at the thought of an Obama presidency:
|
Their regime is safe;
|
|
their bomb can go ahead;
|
|
all nasty threats will cease.
|
Who can blame them for concluding that Mr Obama will do
anything for a quiet life (apart from the occasional Kaboom and a few
million splattered Jews).
And then there is that other
annoying issue, Iraq.
Would-be president Obama tells us he'll spend his first sixteen months removing troops from Iraq,
but if
“widespread sectarian killing”
follows he will
“work in
concert with the international community”.
Hurrah for the UN. But a bit unfortunate for those who end up
murdered, but that's never worried the Left.
“I am not going to set up our troops for
failure and I’m not going to do something half-baked” Oh, no?
It's not what it sounds like.
This was not a quick live interview on TV but a long
newspaper one. Thus you cannot attribute Mr Obama's remarks to inept
verbiage, inadvertently saying something different from what he really
meant. For he would have had an opportunity to correct any mistakes or
loose language.
He has thus has let a bright light shine on his inner
thought processes, and what it has revealed is as you can see very
dangerous.
Unless he undergoes some kind of Damascene conversion on
issues of national (and global) security, we non-Americans have to fervently
hope Hillary thumps him solidly in the primaries. She may not be my
cup-of-tea, but she's a lot more mindful than he about the existential
Islamist threat of our times.
Back to List of Contents
Bertie: Because He's Worth It
A couple of weeks ago, Ireland's Taoiseach (Prime Minister)
Bertie Ahern awarded himself a whopping 14% pay rise, his 26th since
taking office a decade ago, bringing his annual emolument to
€310,000. His fellow ministers and other public worthies such
as top judges and policemen received similar (though not quite as
large) largesse. He did not improve things for himself when he
said next day that,
“There
has been deterioration in our cost competitiveness in recent years and
arresting this trend will be key to growth prospects. This must be
a key consideration when we come to consider the next phase of
negotiations on pay under Towards 2016”,
referring to a national wage deal that covers most public workers.
There has been understandable uproar among the
downtrodden masses, not only those public workers whose belts must
be tightened, but everyone who toils to provide the taxes needed to
fund the politicians' bloated wages.
Mr Ahern's excuse is that the pay rises were
not his idea. They were the recommendations of a special
“Review Body on Higher Remuneration in the Public Sector”
to bring the pay of senior public servants in
line with that in the private sector. Of course, he is loath
to acknowledge certain caveats to this innocent sounding explanation
(ref Sunday Times 4th Nov, no URL):
|
The commission members were appointed by friends
and colleagues of the beneficiaries, so would naturally want to thank
them. |
|
They considered that international comparisons
would not be
“valid”.
|
|
Their terms of reference were specifically to seek
out instances of underpayment relative to the private sector, but not
vice versa. |
|
They considered it
“unduly harsh”
to take into account
|
the unsackability of public servants, who enjoy
both security of tenure and fat pensions, unlike in the private
sector, or |
|
that many parliamentarians run lucrative
businesses (pubs, property, farming) on the side.
|
|
To cap it all, it quickly emerged that Mr Ahern
is now paid more than any other national leader in the OECD,
including George Bush, Angela Merkel, Gordon Brown and Nicolas
Sarkozy.
As a taxpayer, I've been inclined to be as mad
as anyone else about all this, but there are different ways of
looking at things.
The purpose of a government is essentially just
twofold: to provide both security and prosperity for its people.
The rest is either details or trivia.
Ireland has done fine from a security
point of view. No foreign invasions and no terrorist attacks.
You could argue that this is due to the implicit protection of
Britain and the US, since its own armed forces are lamentably
incapable of repelling anyone, but the result still stands.
Even the rising crime rate compares well with other countries.
As for prosperity, the Celtic
Tiger has been flying for a decade, outstripping nearly everyone in
Europe and elsewhere, for whom it is a model to be emulated.
Its economic boom and feel-good factor are everywhere to be seen and
felt. And for this, surely government ministers can claim some
credit and deserve some reward. They have helped shape the
environment and conditions that fostered the extraordinary growth.
So I prepared this little table to compare the
salaries of various rich-country national chief executives with
Gross Domestic Product per person, a good indicator of the
population's average income, the one thing most of us care most
about.
|
Country |
Executive Leader |
GDP pp,
$ |
Annual Salary** |
1,000s |
As a
multiple
of GDP pp |
Singapore |
Lee Hsien Loong |
$33.1k |
€1,415 |
61.6 |
Britain |
Gordon Brown |
$31.8k |
€268 |
12.14 |
Germany |
Angela Merkel |
$31.9k |
€262 |
11.84 |
France |
Nicolas Sarkozy |
$31.2k |
€256 |
11.83 |
Ireland |
Bertie Ahern |
$44.5k |
€310 |
10.04 |
Australia |
John Howard |
$33.3k |
€229 |
9.91 |
America |
George Bush |
$43.8k |
€278 |
9.15 |
**Salary
figures are from the print edition of the Sunday Times, 28th Oct 07, except
where linked |
US$ 1 = €0.693755 as at 30 Oct 07 |
On this basis, Mr Ahern is not greedy at all,
claiming just ten times the average GDP pp; most of the others
listed are greedier. The Executive Leader of the smallest
country - tiny Singapore - is the most voracious by far with a
massive factor of over sixty. By contrast, in an almost
biblical analogy (“the
last shall be first”),
the humblest is the largest - the born-again Christian Mr Bush with
barely nine.
So maybe we shouldn't be griping about Bertie's
raise after all. Because he's worth it.
Back to List of Contents
Shakespearean Guinea Pig
“Here's a small trifle of wives:
alas,
fifteen wives is nothing!
Eleven widows and nine maids
is a simple coming-in for one man ...
Well, if Fortune be a woman,
she's a good wench for this gear.”
So
says
Launcelot, bragging to Bassiano about his gear, in Shakespeare's Merchant of
Venice. By my reckoning, this adds up to 35 lucky ladies.
Sooty the guinea pig must have been swotting up on his
Shakespeare, seeking to emulate the exploits of Launcelot. But sadly,
though it appears Fortune did indeed favour his own gear, he could only
manage 24 ...
Back to List of Contents
Issue 165's Letters to
the Press
The Leftist Irish Times is always touchy over criticism of Cuba, and
although last year it did deign to publish a
letter from me decrying Castro's murderous ways, this time it declined.
However I was surprised to see my drink-driving letter printed, because just
the day before
another letter appeared on the subject, making
broadly the same points as mine, but expressing them better.
|
Change in Drink Driving Limits
P!
- to the Irish Times
Both Prof Joe Barry and Dr Declan Bedford call for the lowering of the
blood-alcohol level to below the current 0.8 mg per 100 ml, in the
belief that this will reduce road deaths. Yet there no-one has ever
produced any evidence that reducing this figure ... |
|
The
“Fun”
of Living in Castro's Cuba
- to the Irish Times
For Barry Walsh it is
“amusing”
that President Bush should call for Cubans to throw off the shackles of
Communism. Perhaps he would not find it quite so funny were he
himself forced to live for the past 48 years in Fidel Castro's brutal prison
state that had killed 73,000 of his countrymen in pursuit of the most evil
ideology ... |
Back to List of Contents
Quotes for Issue 165
- - - - - - - - - - P A S S C H E N D A E L E - - - - - - - - - -
Quote (heard on BBC TV on 5th November): “It was either
over the top or be shot for cowardice; you had six seconds to
decide.”
Harry Patch, 109, Britain's oldest surviving World War 1 Tommy,
a member of the Duke of Cornwall's Light Infantry,
who
was one of the few who “went over the top”
yet returned from the trenches and muddy misery of
Passchendaele,
albeit badly wounded, to tell the tale.
In August 2007, he published his autobiography,
“The
Last Fighting Tommy”;
this makes him the world's oldest-ever autobiographer.
Let us never forget the courage of Mr Patch and his long-dead
colleagues
on the killing fields of
Flanders.
- - - - - - - - - - S P A I N - - - - - - - - - -
Quote:
“Justice was rendered today.”
Spanish prime minister,
José Luis
Rodriguez Zapatero,
on the conviction of 21 men for the Madrid bombing atrocity
by Al Qaeda-inspired Islamists on 11th March 2004.
Eighteen were sentenced to periods of 10-18 years,
but three got a eye-watering 40,000 years.
Though the maximum anyone can serve under Spanish law
is currently forty years,
one can hope that this will be changed
so that 40,000 years means dying in jail.
Mr Zapetero was elected three days after the bombing
on the promise - which he kept - of withdrawing Spanish troops from
Iraq.
This made it Al Qaeda's finest triumph,
where a Western electorate collectively submitted to its demands
under fear of further terror.
- - - - - - - - - - P A K I S T A N - - - - - - - - - -
Quote:
“These political madrasahs
preach hatred and churn out brainwashed robots that become arsenals
of weapons of violating the constitution of Pakistan.”
One week after she was nearly assassinated by
two suicide bombers,
on her return from nine years of exile,
Pakistan's ex-prime minister
Benazir Bhutto
assails the madrasahs, the Islamic schools in
Pakistan
that are breeding grounds for terrorism.
Quote:
“Inaction at this moment is suicide for Pakistan and
I cannot allow this country to commit suicide.”
In fact, it turns out to be its military dictator Pervez Musharraf
who violates the constitution of Pakistan.
He concocts this excuse for declaring emergency law,
which enables him to remove and arrest
the Chief Justice,
Iftikhar Muhammad Chaudhry,
whom he once before failed to sack,
days before Mr Chaudry was due to declare
Mr Musharraf's recent re-election to be invalid.
Ms Bhutto has likewise been thwarted from her plan to regain power
in democratic elections hitherto scheduled for early 2008.
- - - - - - - - - - T U R K E Y - - - - - - - - - -
Quote:
“Either you will be our neighbour, or our
target ...
Our goal will be to transform the
‘Kurdish dream’
into a
‘Turkish nightmare’.”
Ertugrul Ozkok, editor of the
Turkish Daily News, Turkey's most influential newspaper,
gives a
“last warning”
to Massoud Barzani, leader of the Kurdish regional authority
in northern Iraq.
His words were later endorsed by General Yasar Buyukanit,Turkey's
top soldier,
who
told him,
“That is the correct diagnosis”.
Turkey is deeply fearful that the example of
Kurdish de-facto democracy and freedoms in Iraq,
flourishing since 1991 and becoming ever more prosperous,
will inspire Turkish Kurds who have always been repressed.
- - - - - - - - - - I R E L A N D - - - - - - - - - -
Quote:
“I think it's a bit upsetting to see so many countries
running away from giving their people an opportunity. If you
believe in something, why not let your people have a say in it? ...
Perhaps others shouldn't be so much
afraid of it.”
Bertie Ahern, Ireland's Taoiseach (prime
minister)
advocates more countries holding a referendum
on the new EU Constitutional Treaty, oops Reform Treaty, oops Lisbon
Treaty.
Of course the only reason Ireland is holding
one is that
it is the only EU country whose constitution demands it.
Quote:
“A pox on all your houses.”
Long-time career armed robber Frank
Ward,
on being (justifiably) sentenced to life imprisonment
for yet another armed robbery,
which resulted in his victim losing a leg.
See my recent post,
“My (ahem) New Crime Novel”
for the full thrilling story.
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What I've recently
been reading
“The Lemon Tree”, by Sandy
Tol (2006),
is a delightful novel-style history of modern Israel and Palestine told
through the eyes of a thoughtful protagonist from either side, with a
household lemon tree as their unifying theme.
But it's not
entirely honest in its subtle pro-Palestinian bias, and therefore needs
to be read in conjunction with an antidote, such as
See
detailed review
+++++
This examines events which led to BP's 2010 Macondo blowout in
the Gulf of Mexico.
BP's ambitious CEO John Browne expanded BP through adventurous
acquisitions, aggressive offshore exploration, and relentless
cost-reduction that trumped everything else, even safety and long-term
technical sustainability.
Thus mistakes accumulated, leading to terrifying and deadly accidents in
refineries, pipelines and offshore operations, and business disaster in
Russia.
The Macondo blowout was but an inevitable outcome of a BP culture that
had become poisonous and incompetent.
However the book is gravely compromised by a
litany of over 40 technical and stupid
errors that display the author's ignorance and
carelessness.
It would be better
to wait for the second (properly edited) edition before buying.
As for BP, only a
wholesale rebuilding of a new, professional, ethical culture will
prevent further such tragedies and the eventual destruction of a once
mighty corporation with a long and generally honourable history.
Note: I wrote
my own reports on Macondo
in
May,
June, and
July 2010
+++++
A horrific account
of:
|
how the death
penalty is administered and, er, executed in Singapore,
|
|
the corruption of
Singapore's legal system, and |
|
Singapore's
enthusiastic embrace of Burma's drug-fuelled military dictatorship |
More details on my
blog
here.
+++++
This is
nonagenarian Alistair Urquhart’s
incredible story of survival in the Far
East during World War II.
After recounting a
childhood of convention and simple pleasures in working-class Aberdeen,
Mr Urquhart is conscripted within days of Chamberlain declaring war on
Germany in 1939.
From then until the
Japanese are deservedly nuked into surrendering six years later, Mr
Urquhart’s tale is one of first discomfort but then following the fall
of Singapore of ever-increasing, unmitigated horror.
After a wretched
journey Eastward, he finds himself part of Singapore’s big but useless
garrison.
Taken prisoner when Singapore falls in
1941, he is, successively,
|
part of a death march to Thailand,
|
|
a slave labourer on the Siam/Burma
railway (one man died for every sleeper laid), |
|
regularly beaten and tortured,
|
|
racked by starvation, gaping ulcers
and disease including cholera, |
|
a slave labourer stevedoring at
Singapore’s docks, |
|
shipped to Japan in a stinking,
closed, airless hold with 900 other sick and dying men,
|
|
torpedoed by the Americans and left
drifting alone for five days before being picked up, |
|
a slave-labourer in Nagasaki until
blessed liberation thanks to the Americans’ “Fat Boy” atomic
bomb. |
Chronically ill,
distraught and traumatised on return to Aberdeen yet disdained by the
British Army, he slowly reconstructs a life. Only in his late 80s
is he able finally to recount his dreadful experiences in this
unputdownable book.
There are very few
first-person eye-witness accounts of the the horrors of Japanese
brutality during WW2. As such this book is an invaluable historical
document.
+++++
“Culture of Corruption:
Obama and His Team of Tax Cheats, Crooks, and Cronies”
This is a rattling good tale of the web
of corruption within which the American president and his cronies
operate. It's written by blogger Michele Malkin who, because she's both
a woman and half-Asian, is curiously immune to the charges of racism and
sexism this book would provoke if written by a typical Republican WASP.
With 75 page of notes to back up - in
best blogger tradition - every shocking and in most cases money-grubbing
allegation, she excoriates one Obama crony after another, starting with
the incumbent himself and his equally tricky wife.
Joe Biden, Rahm Emmanuel, Valerie Jarett,
Tim Geithner, Lawrence Summers, Steven Rattner, both Clintons, Chris
Dodd: they all star as crooks in this venomous but credible book.
ACORN, Mr Obama's favourite community
organising outfit, is also exposed for the crooked vote-rigging machine
it is.
+++++
This much trumpeted sequel to
Freakonomics is a bit of disappointment.
It is really just
a collation of amusing
little tales about surprising human (and occasionally animal) behaviour
and situations. For example:
|
Drunk walking kills more people per
kilometer than drunk driving. |
|
People aren't really altruistic -
they always expect a return of some sort for good deeds. |
|
Child seats are a waste of money as
they are no safer for children than adult seatbelts. |
|
Though doctors have known for
centuries they must wash their hands to avoid spreading infection,
they still often fail to do so. |
|
Monkeys can be taught to use washers
as cash to buy tit-bits - and even sex. |
The book has no real
message other than don't be surprised how humans sometimes behave and
try to look for simple rather than complex solutions.
And with a final
anecdote (monkeys, cash and sex), the book suddenly just stops dead in
its tracks. Weird.
++++++
A remarkable, coherent attempt by Financial Times economist Alan Beattie
to understand and explain world history through the prism of economics.
It's chapters are
organised around provocative questions such as
|
Why does asparagus come from Peru? |
|
Why are pandas so useless? |
|
Why are oil and diamonds more trouble
than they are worth? |
|
Why doesn't Africa grow cocaine? |
It's central thesis
is that economic development continues to be impeded in different
countries for different historical reasons, even when the original
rationale for those impediments no longer obtains. For instance:
|
Argentina protects its now largely
foreign landowners (eg George Soros) |
|
Russia its military-owned
businesses, such as counterfeit DVDs |
|
The US its cotton industry
comprising only 1% of GDP and 2% of its workforce |
The author writes
in a very chatty, light-hearted matter which makes the book easy to
digest.
However it would
benefit from a few charts to illustrate some of the many quantitative
points put forward, as well as sub-chaptering every few pages to provide
natural break-points for the reader.
+++++
This is a thrilling book of derring-do behind enemy lines in the jungles
of north-east Burma in 1942-44 during the Japanese occupation.
The author was
a member of Britain's V Force, a forerunner of the SAS. Its remit was to
harass Japanese lines of
command, patrol their occupied territory, carryout sabotage and provide
intelligence, with the overall objective of keeping the enemy out of
India.
Irwin
is admirably yet brutally frank, in his
descriptions of deathly battles with the Japs, his execution of a
prisoner, dodging falling bags of rice dropped by the RAF, or collapsing
in floods of tears through accumulated stress, fear and loneliness.
He also provides some fascinating insights into the mentality of
Japanese soldiery and why it failed against the flexibility and devolved
authority of the British.
The book amounts to
a very human and exhilarating tale.
Oh, and Irwin
describes the death in 1943 of his colleague my uncle, Major PF
Brennan.
+++++
Other books
here |
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After
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crackling, compelling, captivating games, the new World Champions are,
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SOUTH AFRICA
England get the Silver,
Argentina the Bronze. Fourth is host nation France.
No-one can argue with
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Over the competition,
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