Maybe I should point out this story to my lovely Japanese sister-in-law. I wonder how many ordinary British people, never mind women, do things like this to make money?
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Maybe I should point out this story to my lovely Japanese sister-in-law. I wonder how many ordinary British people, never mind women, do things like this to make money? Stephen Pollard, the UK writer and BBC Newsnight anchorman Jeremy Paxman may not agree about everything, but these two are certainly on the same page when it comes to a dismissive view of so-called “arthouse” movies. In particular, Paxman appears to have triggered a mini-storm when he said recently less than complimentary things – Paxman is not exactly what I would call a diplomat – about the late director, Ingmar Bergman. Quite right too. On Tuesday evening’s show, Paxman, journalist Toby Young and some film reviewer fellow from the Financial Times were having a right old argument about whether art house films are worth the effort. I tend to side with Toby Young: long after people have forgotten about the likes of Bergman, they will be watching the films made by Hitchcock, John Ford, Coppolla and the rest. I think the problem are the words “art house”. It conveys the idea that the benighted viewer is not just watching a film, but is having some wonderfully clever experience which is likely to be lost on the plebs. There is a lot of anti-bourgeois posturing in such films. Worse, they are self-indulgent. I find most of them unwatchable. I’d rather watch Bruce Willis in Die Hard any day of the week than this stuff. And the point that the FT writer – I forgot his name – seemed to overlook is that films that lack plots, strongly defined characters, a sense of life and drama, do not achieve the lofty goal of somehow making us “think about the big lessons of life”. (He probably regards films with a beginning, middle and an end as “popcorn movies.”) Arguably, you are more likely to learn a bit about humanity if you watch The Simpsons or The Incredibles rather than some dreary French art flick. Talking of witch, Die Hard 4.0 is on. I must get some tickets. We should really ban oxygen as well: bullies use that also. That would take care of the problem, right and proper. – Greg Lorriman, Leatherhead, UK, a commenter on a Times (of London) article about the supposed terrors of bullying via such sites as YouTube. Amazing what people find to get alarmed about, isn’t it? Well, that appears to be the reaction so far of wealthy French ex-pats who have turned away from the land of Moliere and fine wine for other climes in order to flee the French taxman. New president Nicolas Sarkozy has promised to cut, or at least change, some of the more crushing taxes on wealthy people to lure them back to France. If he wants to revive the French economy, this has to make sense. An even more obvious policy would be a dramatic tax cut across the board, in a flat tax fashion, with the overall burden sharply reduced. (Waiting for hell to freeze over? Ed). The effects of French hostility to the rich, or least les nouveaux riches, is pretty obvious here in Britain. The areas around Chelsea, South Kensington and Knightsbridge are full of young French people who work in the capital, such as in the Canary Wharf financial district. A number of big banks, with their fancy derivatives trading platforms, operate out of London and French education still churns out the sort of highly qualified maths graduates who work in sectors like hedge funds and futures markets. I don’t know the exact figures – who does? – but I have read that upwards of around 350,000 French people live in London today. I remember a while back that the French model and occasional actress, Laetitia Casta, left France after shortly having been chosen as the model for the French revolutionary heroine, Marianne. She apparently quit the nation for tax reasons, although she also denied that as her reason, according to the Wikipedia entry linked to here. Of course, there is no excuse whatever for Brits to guffaw about this. Lots of Britons quit these shores every year for nations like Canada and New Zealand, where the taxes are are sometimes lower and the opportunities for raising a family etc appear more easy. As one senior lawyer told me this morning, the best advice to any rich person these days is to try and head for Switzerland. Britain may be, temporarily, a haven for some City pros like the private equity bosses, but for how long? Moreover, American Idol is a rebuke to those silly “crunchy conservatives” who insist that modern technology and mass production denigrates community, and so forth – in T.S. Eliot’s idiotic words, “The remarkable thing about television is that it permits several million people to laugh at the same joke and still feel lonely.” But that’s not true! The community has all joined in on this wholesome, fun, harmless moment to celebrate opportunity, singing, and lightheartedness. What could be more American than that? Lightheartedness is, I think, a profound and incredibly rare value, and one which our country has figured out how to mass produce. That may be among its greatest accomplishments ever. – Timothy Sandefur, US blogger. Rod Liddle in this week’s Spectator has a fiery article about the English floods (the Scots have not been flooded, but their turn may come). It starts off in poetic fashion. When Rod is good, he’s very good:
Liddle then goes on to argue that the floods are not really caused by global climate change – we have had lousy wet summers before – but by a different change: mass housebuilding. He argues that as more homes and roads are built, rainfall has fewer places to soak into the ground and runs off quickly, creating “flash-floods”. As more houses are built, so the argument goes, the flash-flood problem will get worse. Solution: build fewer homes, or at least build them in places where the drainage has been sorted out. This makes a degree of sense. The problem I have with this article, however, is that Liddle misses obvious points and then goes on to ride his hobby horse, anti-immigration, in a rather trite way. Here’s one paragraph:
I suspect the total insurance bill could be even higher. If insurance premiums do rise, then if housebuilding did operate in a genuine free market – it does not, unfortunately – then those higher premiums would incentivise housebuilders and would-be occupiers to build them in places at low risk of flooding. That is why I fervently hope that the government does not try to limit increases in insurance costs, but on the contrary, lets them rise sharply to remind people of the costs of living in a flood plain. If the government tries to artificially subsidise people by capping insurance costs – as I believe happened in the Mississippi Delta in the US – it creates a moral hazard problem. However, Liddle does not make this point. Instead of using insurance premiums as a market method of constraining construction on flood plains, he wants to limit housebuilding by direct state action, and goes on to argue that Britain does not need new homes anyway, since our indigenous population is quite stable. No, it is all those smelly foreigners and welfare-sponging migrant workers:
Migrant workers may not be rocket scientists, but it is surely a sweeping statement to say that they have low skills and have low aspirations. If a person gets off his behind to travel thousands of miles to get work and live elsewhere, that strikes me as pretty aspirational, actually. If the problem is that a lot of these people are low-paid, it is because the marginal price of the work they perform is quite low. Of course the solution to such a problem of supposedly pointless migrant labour – at least as Liddle sees it – is not to stop migrant labour, but to ensure that no welfare and other tax-funded benefits will be paid to such migrants for a period of say, at least 5 years. Immigration and welfare states do not mix: if you want one, you cannot have the other without creating a genuine sense of injustice among the existing taxpayer population. But to argue that housing shortages will no longer be a problem if we close immigration off is wrong. The days when people lived as one family, of several generations, under one roof, has gone: grannie has her flat, young singles do not want to live with their folks into their 30s, and divorce and other facts have increased the number of people living on their own. Even had the domestic population been static since WW2, we would have had an increase in the demand for homes, not to mention for things like second homes as incomes grow. No, if the problem of the floods is that it is caused by building on flood plains, bad drainage and so forth, the problem is government. The government refuses planning permission in areas where the drainage might be good, such as the “green belt” land surrounding London, yet it encourages building in areas already at risk. It should let the market force of insurance premium increases do its job in encouraging building in places of low risk and deter it where risks are high. Bashing immigrants and imagining we can keep the UK population stable is not, frankly, sensible economics. It is about as intelligent as King Canute ordering the tide to flow out from the beach. There have been quite a few films made in recent years about singers and musicians’ lives. We have had films about the late Ray Charles and Johnny Cash, to name just two. The latest of this type is the biopic of the French singer, Edith Piaf. Even if the film exaggerates a bit for effect, she led an extraordinary and in certain ways very sad life. Edith Piaf, was probably the most famous French person in the middle of the 20th Century apart from Charles de Gaulle or Maurice Chevalier. There are lots of good things in the film, starting with the performance of Marion Cotillard, who is uncannily good in the lead role and it has plenty of strong supporting performances including a short but strong set of scenes with Gerard Depardieu, who plays the nightclub owner who discovers young Edith singing for cash in the streets of Paris. The scenery is nicely handled; we are given an idea of what early 20th Century France was like for people born on the wrong side of the tracks (at one stage, young Edith was raised in a brothel). She was born during the First World War and lived in Paris during the Second, and according to this Wikipedia entry, helped with the French Resistance. What is interesting, however, is that almost no reference whatever is made to WW2 and occupied France in the film, as if the subject matter is either too sensitive for the supposed audience – the movie is made in French, with subtitles – or some other reason. And yet the way in which such artists managed to survive and even forge some sort of a career during wartime is surely an interesting subject. To say that she was unlucky in love was an understatement; she was also a serious addict of painkiller drugs and other substances and died of liver cancer in her mid-40s, but the film does not make her into some sort of whining, pathetic victim although it does at times slip into a tragic sense of life – to use Ayn Rand’s expression – which becomes a little oppressive at times. On the whole, however, it is quite clear that she made certain choices in her life and benefited and suffered accordingly. I certainly left the cinema with a greater understanding of why this little, charismatic woman from the streets of Paris rose to become one of the greatest singers of all time. Here’s to her memory. The UK floods are still wreaking havoc. I have friends who live in the Thames Valley area and they are out of danger, but many other people are not so fortunate. Besides the damage to homes, another problem will be the damage to crops. In my native East Anglia, the wheat harvest – the area is a sort of mini-version of the North American plains – is likely to be poor. Horticulture, in areas like Lincolnshire and Cambridgeshire on the Fens, has been hammered, although thanks to modern greenhouses and the like, not everything has been lost. We can expect prices of groceries, or at least some items, to go up, at least in the short run. That got me wondering about our food supplies. As I mentioned in a previous post, the terrible summer of 1845 led to the Irish famine. In centuries past, bad weather was not just destructive in some ways but it also meant people starved in their millions. That is unlikely to happen now. And one reason for that is that we are no longer reliant on home-grown food. Food production is not only much greater because of modern techniques, drainage, use of fertilisers and machinery, but also because the 60m souls on this sodden island have access to a global market for food. Free trade can be a risk – this nation’s food supply routes need to be protected by naval forces, as we found out during the German U-boat menace – but in normal circumstances, having a diverse range of non-UK supplies for food makes great sense, particularly as climatic conditions change, as some argue. The next time you watch a programme or read an article going on about the wonders of self-sufficiency and which bash supermarkets and global trade in foodstuffs, ponder what would happen if we really were reliant on the local farmers for everything we eat. Colour me unsurprised. This latest opinion poll (yes, yes, I know how fickle these things are) says more voters are becoming disenchanted with Conservative Party leader David Cameron. One stifles any desire to gloat, but as the former deputy prime minister, Willie Whitelaw once said after the Tories crushed Labour in the 1983 general election, “I’m jolly well going to gloat”. Cameron has had his honeymoon: a remarkably pliant press, a fair hearing from the usually left/liberal BBC, a relative absence of mirth about his stunts such as riding a bike to work followed by a chauffeur, but clearly the gloss has gone. We ideologues have been hard on him for some time and it does not surprise me that the cynicism felt by the likes of us is spreading wider. But what should the Tories do now? I think it is too late to get rid of Cameron, even if that were possible. The Tories have chosen this man for the superficial reason that he looked quite nice, sounded reasonably pleasant. His ideas have all the plodding, unremarkable banality of the BBC/Guardianesque classes, but then such people have a huge influence on this country, although for how long one cannot tell. Cameron is in the job and he has to stick at it. If the Tories get rid of him, they might as well implode. What Cameron and his supporters need to do is to oppose. That means, while not reverting to some sort of rottweiller mode, learning to attack this government. It means reminding the electorate that Brown, when Chancellor, helped to destroy a large and vibrant private pensions sector; it means pointing out that Brown starved our armed services of the funds it needed to carry out its various missions abroad while hosing money on the unreformed NHS and adding nearly 1m people to the public payroll since 1997. It means opposing a government led by a man who has massively inflated the size of the UK tax code. All this and more can be done, but to be done well, means that a Tory Party worthy of the name has to argue for the opposite: a small, lean, efficient state, low taxes, free trade and encouragement of enterprise. It does not require one to be a rocket scientist to figure this out, nor does it take a genius to put forward these essentially liberal ideas in a way that can capture the imagination. For example, just about one of the few good things about Cameron is his opposition to ID cards. Why does not he link the freedom to go about one’s business unmolested by officials to the freedoms to trade, to create wealth, etc? Cameron has lost his gloss, but he needs to remind us of just how devious and bad Brown is. You never know, this mini-crisis for Cameron may be the making of him. Let’s face it: does any man with an ounce of respect want to be liked the BBC? I thought about the line in the title – from Monty Python’s Life of Brian – when I read this article today about the diabolical “summer” that we are enduring. Floods, thousands of people displaced from their homes; huge insurance payouts……yes, all the ingredients to keep us Brits moaning as only we know how. The article does make clear, in fact, that we have had terrible summers before. In 1845, one of the wettest summers on record precipitated the Great Famine in Ireland, as potatoes, on which the Irish population were dangerously reliant, were hit by blight. The disaster led to mass starvation and emigration of millions of Irish people to the US and Australia, among other places (the rancour that was caused by that calamity has never entirely disappeared, unfortunately). It also precipitated the end of the UK’s tariffs on corn, as the then Prime Minister Robert Peel pushed ahead with free trade and caused a split in the Tory Party, leading to about 30 years of Liberal Party dominance in the age of Gladstone. I am a global warming skeptic (not the same as denying it) and I do not know whether our lousy summer is linked to the increased violence of weather conditions that some say will be caused by global warming. But this is the weirdest weather I have experienced. A friend of mine who has taken up viniculture in the hope that hotter UK weather would lead to a revived UK wine industry may be wondering whether he has chosen the wrong career path. But then next year may be a scorcher. That is the beauty of global warming – you can blame anything on it. Standing ovations have become far too commonplace. What we need are ovations where the audience members all punch and kick one another. – George Carlin, US comedian. Even to a jaundiced observer of the mainstream UK media like yours truly, it is sometimes surprising how much bias there is against private property and privately owned business. The left just about tolerates big listed companies, I suspect because socialists imagine that such companies are easier to harass and bully via large shareholder groups like pension funds. This has certainly been part of the thinking in the United States, where large state pension schemes, such as the Calpers fund in California, have used their shareholder voting power to hammer the boards of firms they dislike or think are letting investors down. It is odd, as I remarked a few months ago, that the left, in the form of writers like Observer columnist Will Hutton, used to wax indignant about the short-term investment horizons of listed firms, and now regard them as the finest business model that there is, while regarding companies that are owned by private equity firms as somehow bad, even evil. Well, we had another example of the sort of prejudice against non-listed companies today in the Observer:
The implication, lazily expressed, is that the horror of being robbed and murdered is somehow connected to the private ownership of the firms in which these people work. The Observer has been among the most vociferous attackers of private equity firms – firms that buy businesses and restructure them, usually with large amounts of borrowed money – and its criticisms are usually wide of the mark. Various studies, such as from Nottingham University, have shown that private equity firms invest for the longer term, create more jobs in total, and generate more profits, than listed businesses. But these firms are mega rich and their owners are very wealthy men (it is a male-dominated world) and so are clearly evil in the eyes of the left-leaning media. But even I was struck at how casually the Observer has tried to link the problems of robbery to private ownership in readers’ minds. Of course, with interest rates rising and debt markets getting a lot rougher due to the sub-prime mortgage SNAFU in the US, the ability of private equity firms to borrow money will drop, so those economic illiterates at The Observer can rest easy, and go back to bashing publicly-quoted firms. |
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