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In August 1660, the English Parliament passed the Indemnity and Oblivion Act, targeting those involved in the trial and execution of Charles I. The death warrant for Charles I had been signed by 59 judges, and 31 of them were still alive in 1660. Those caught suffered a terrible death of being hanged, drawn and quartered. Pursuit of the guilty was unremitting. Act of Oblivion follows the careers of three regicides and Civil War veterans who fled to the British colonies in America.
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
Reflecting on the value of newspaper commentary on public life prompts self-reflection concerning the quality of what we columnists write and what we hope to achieve through our work. The ephemeral quality of a column suggests how important it is for us not simply to react to the news but to ask what lies beneath it.
Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy.
The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality.
For Europe, especially Germany, there should be enough gas in storage to limp through winter but by next spring there may be severe trouble. The leaders of Europe and the United States expected that they would win the economic war against Russia and force the invader to withdraw. Not only did that not happen, it is likely to lead to severe unintended economic consequences.
There's an assumption that writers shouldn’t be writing about groups they don't belong to, as if this couldn’t be done with honesty and insight, respect and restraint. Difficult, yes, but impossible? Whether in fiction or non-fiction, outsiders might misunderstand and misrepresent the people they depict, but sometimes, insiders will too. Sometimes, outsiders will lack insight, but sometimes, when they’re curious, attentive, when they do not overreach, they’ll capture truth.
So far it hasn’t been easy to find a review in Australia from someone who has actually read the sixth and latest book in Rowling/Galbraith’s Cormoran Strike crime series, The Ink Black Heart. l wonder if it is too much to ask for people to simply read books (any books) before holding opinions about them.
Australian cultural icon and erstwhile publisher Hilary McPhee calls Telltale ‘a rare thing, an ingenious memoir,’ and she is right. It is interesting and reassuring to note that books about reading and recollections of reading habits seem to be proliferating. Perhaps such writing is a defence measure against worrying developments like universities in England, for example, axing their English Literature courses.
In most circles poetry doesn’t matter. It doesn’t put bread on the table, nor raise people to revolt nor even make news unless a grizzled footballer is outed for secretly writing poems. Even in churches poems and hymns are altered to improve their orthodoxy in matters of faith, gender, race or modernity, but rarely their poetic quality.
Now that it is becoming hard to avoid just how much trouble the global financial system is in, it is interesting to speculate about what should be done about it. The first thing to understand about the global financial system is that the assumptions that were used to shape it are demonstrably false.
We all know the Internet can be a seething cesspool of vitriol, so the presence of heart-warming videos of people slipping $20 into someone’s coat pocket or randomly complimenting a stranger, even the ubiquitous handing out of flowers, is largely welcome. But is this actually kindness? If an act of kindness happens and no one is there to film it, did it really happen?
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