Thursday 19 March, 2020

If you might find it more useful to get this blog as a daily email, why not subscribe here? (It’s free, and there’s a 1-click unsubscribe). One email, in your inbox at 07:00 every morning.


England’s green and pleasant land

One part of the country that’s not currently under lockdown: the river Cam at Grantchester, photographed on Tuesday morning.

____________________________-

Apocalypse now

The Wall Street Journal reports from the Papa Giovanni XXIII Hospital, a large, modern medical facility in Bergamo, a prosperous Italian city that has been overwhelmed by the coronavirus disease:

Bergamo shows what happens when things go wrong. In normal times, the ambulance service at the Papa Giovanni hospital runs like a Swiss clock. Calls to 112, Europe’s equivalent of 911, are answered within 15 to 20 seconds. Ambulances from the hospital’s fleet of more than 200 are dispatched within 60 to 90 seconds. Two helicopters stand by at all times. Patients usually reach an operating room within 30 minutes, said Angelo Giupponi, who runs the emergency response operation: “We are fast, in peacetime.”

Now, people wait an hour on the phone to report heart attacks, Dr. Giupponi said, because all the lines are busy. Each day, his team fields 2,500 calls and brings 1,500 people to the hospital. “That’s not counting those the first responders visit but tell to stay home and call again if their condition worsens,” he said.

Ambulance staff weren’t trained for such a contagious virus. Many have become infected and their ambulances contaminated. A dispatcher died of the disease Saturday. Diego Bianco was in his mid-40s and had no prior illnesses.

“He never met patients. He only answered the phone. That shows you the contamination is everywhere,” a colleague said. Mr. Bianco’s co-workers sat Sunday at the operations center with masks on their faces and fear in their eyes…

This is why social-distancing has to be made to work.


MEOW

Our local supermarket announced that the first hour after opening this morning would be reserved for people who would have to ‘self-isolate’ from next weekend. I fall into that category because of my age, but people with particular medical conditions also fall into it. Think of it as voluntary house arrest! The supermarket was fairly busy with customers of retirement age. The atmosphere was cheery and civilised, with a vague feeling of wartime solidarity. In a way, I reflected, on discovering that all the milk had gone and further stocks were not expected until midday, that in a sense this is the moral equivalent of war.

And then I remembered that during the 1979 energy crisis in the US, the then president Jimmy Carter had used that phrase — I think in the context of making the US independent of oil imports from the Middle East. For Carter, the phrase was a way of signalling how important his campaign was. But of course his Republican opponents resisted it — and found a way of effectively ridiculing it by making an acronynm from the initial letters of each word: MEOW. And it worked.


AI is an ideology, not a technology

Nice essay in Wired by Jaron Lanier, arguing that, at its core, “artificial intelligence” is a perilous belief that fails to recognize the agency of humans. “The usual narrative goes like this”, he writes.

Without the constraints on data collection that liberal democracies impose and with the capacity to centrally direct greater resource allocation, the Chinese will outstrip the West. AI is hungry for more and more data, but the West insists on privacy. This is a luxury we cannot afford, it is said, as whichever world power achieves superhuman intelligence via AI first is likely to become dominant.

If you accept this narrative, the logic of the Chinese advantage is powerful. What if it’s wrong? Perhaps the West’s vulnerability stems not from our ideas about privacy, but from the idea of AI itself.

The central point of the essay is that “AI” is best understood as a political and social ideology rather than as a basket of algorithms. And at its core is the belief

that a suite of technologies, designed by a small technical elite, can and should become autonomous from and eventually replace, rather than complement, not just individual humans but much of humanity. Given that any such replacement is a mirage, this ideology has strong resonances with other historical ideologies, such as technocracy and central-planning-based forms of socialism, which viewed as desirable or inevitable the replacement of most human judgement/agency with systems created by a small technical elite. It is thus not all that surprising that the Chinese Communist Party would find AI to be a welcome technological formulation of its own ideology.

Thoughtful piece. Worth reading in full.


Will the virus enable us to rediscover what the Internet is for?

The wonderful thing about the Net — so we naive techno-utopians used to think — was that it would liberate human creativity because it lowered the barriers to publication and self-expression. The most erudite articulation of this was probably Yochai Benkler’s wonderful The Wealth of Networks, a celebration of the potential of ‘peer production’ and user-generated content. We saw the technology was an enabling, democratising force — a ‘sit-up’ rather than a ‘lie-back’ medium. And we saw in its apparently inexorable rise the end of the era of the couch potato.

What we never expected was that a combination of capitalism and human nature would instead turn the network into million-channel TV, with billions of people passively consuming content created by media corporations: the ultimate lie-back medium. And indeed, if you look at the data traffic on the Net these days, you see the effects of that. According to Sandvine, a network equipment company, in 2019, for example, video accounted for 60.6 percent of total downstream volume worldwide, up 2.9 percentage points from 2018. Web traffic was the next biggest category, with a 13.1 percent share (down 3.8 points year over year), followed by gaming at 8.0 percent, social media at 6.1 percent and file sharing at 4.2 percent. The same report found that Google and its various apps (including YouTube and Android) accounted for 12 percent of overall internet traffic and that Facebook apps took 17 percent of downstream internet traffic in the Asia-Pacific region, as compared with 3 percent worldwide.

One interesting question raised by the COVID-19 crisis is whether people who find themselves isolated in their homes will discover affordances of the network of which they were hitherto unaware. Kevin Roose of the NYT explores this in “The Coronavirus Crisis Is Showing Us How to Live Online”. We’ve always hoped that our digital tools would create connections, not conflict, he says. We now have a chance to make it happen. After a week in self-isolation, he finds himself agreeably surprised:

Last weekend, in between trips to the grocery store, I checked up on some friends using Twitter D.M.s, traded home-cooking recipes on Instagram, and used WhatsApp to join a blockwide support group with my neighbors. I even put on my Oculus virtual reality headset, and spent a few hours playing poker in a V.R. casino with friendly strangers.

I expected my first week of social distancing to feel, well, distant. But I’ve been more connected than ever. My inboxes are full of invitations to digital events — Zoom art classes, Skype book clubs, Periscope jam sessions. Strangers and subject-matter experts are sharing relevant and timely information about the virus on social media, and organizing ways to help struggling people and small businesses. On my feeds, trolls are few and far between, and misinformation is quickly being fact-checked.

Well, well. Reporters should get out more — onto the free and open Internet rather than the walled gardens of social media.


Wednesday 18 March, 2020

If you might find it more useful to get this blog as a daily email, why not subscribe here? (It’s free, and there’s a 1-click unsubscribe). One email, in your inbox at 07:00 every morning.


What we’re dealing with

It’s as if we had the Spanish flu and the Great Depression simultaneously. There’s no good outcome from this.


Why aren’t share buybacks outlawed?

Allowing companies to buy their own shares is one of the most outrageous abuses of corporate power. Yesterday, Tim Wu revealed the extent to which American Airlines had abused the loophole as it minted money over recent years. It wasn’t just American, though. Other airlines were doing it too: according to Bloomberg they spent 96% of free cash flow on it. Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.

And guess who was president at the time? Why, Ronald Reagan — the “sunshine in America guy”. The guy who led the bonfire of the regulations.


The scientist who saw COVID-19 coming

Interesting profile of Dennis Carroll.

For decades, Carroll has been a leading voice about the threat of zoonotic spillover, the transmission of pathogens from nonhuman animals to us. Scientists are confident the current outbreak, which began in Wuhan, China, stemmed from a virus inherent in bats. In 2009, after years of studying infectious diseases at the Centers for Disease Control and Prevention, and the United States Agency for International Development (USAID), Carroll formed a USAID program called PREDICT, where he guided trailblazing research into viruses hiding, and waiting to emerge, in animals around the world.

Federal funding for his PREDICT project was withdrawn in 2019. Guess who was president then?

There’s an emerging theme here…


Why liberals shouldn’t count their chickens

“The initial mishandling of the coronavirus by the government doesn’t mean voters will penalize Trump in November,” said Michael Ceraso, who worked for Sanders in 2016 and was Pete Buttigieg’s New Hampshire director before leaving his campaign last year. “We know we have two candidates who can pivot this generation’s largest health crisis to their policy strengths. But history tells us that an incumbent who steers us through a challenging time, a la Bush and 9/11 and Obama and the Great Recession, are rewarded with a second term.”

(from Politico’s nightly newsletter)


What professional journalists should be doing in this crisis

Terrific piece by Jeff Jarvis from NYU. The main takeaway IMHO is: if you’re not adding value to the viewer’s/listener’s/reader’s understanding then what the hell are you doing?

Some snippets:

we should, for starters, get rid of the meaningless TV location shot. I saw a poor sod standing in Times Square for 11 hours yesterday, reporting for MSNBC, telling us that, well, there were still people there, just not as many as usual. Why? How did that improve my chances of surviving the pandemic? What information did that add to my decision-making? What did the reporter gather that a static webcam could not have? Nothing. And how much did it endanger him and his crew? We can’t know.

Yep. If I see another BBC reporter standing in front of 10 Downing Street I will scream.

I see print reporters going out to ask people how they feel standing in line for toilet paper. And photographers are sent out to get pictures that tell us there are lines of people waiting for that toilet paper. Same question: Why? What does that tell me that affects my decisions? So stop. The world is not a stage and journalists are not set designers. Stop treating the public as a background. Do only those things that inform. (And if you want those images to tell me what I already know about toilet paper being gone, you can ask nicely of many people on Instagram and use their pictures, perhaps paying them.)

And

Many years ago, my children, I helped pioneer cable news use of the remote webcam when a blizzard prevented me from making it into MSNBC’s studios for a blog report. I set up a cam at home. The video was jumpy, but then-network-head Rick Kaplan thought it looked edgy and so webcams were all the vogue for a few months, until they weren’t. Such is TV.

Well, technology has advanced much since then. Skype is good. There are countless experts who can be brought on the air from their homes and offices anywhere in the world to expand the perspectives offered to the public without endangering them. That should be the standard — not the exception. It will substantively improve TV. There is no reason for radio and print reporters to have to be face-to-face with every source to get useful information. For that, we always had the phone. Now we have the net.

It’s great stuff. Well reading in full.


Tuesday 17 March, 2020

If you might find it more useful to get this blog as a daily email, why not subscribe here? (It’s free, and there’s a 1-click unsubscribe). One email, in your inbox at 07:00 every morning.


Quote of the Day

“Hope is itself a species of happiness, and, perhaps, the chief happiness which this world affords”.

  • Dr. Johnson

The Luck of the Irish

Since this is St Patrick’s Day and my fellow countrymen and women are in semi-lockdown because of the virus, I thought it’d be nice to cheer them up with a reading of one one of the funniest essays I’ve ever encountered. It was written by the late Bernard Levin, who was a theatre critic, a newspaper columnist, an author and a broadcaster and, when he was on song, one of the funniest writers alive. He was a Wagner fanatic and an opera-goer extraordinaire. One of his favourite festivals was the one held every year in the small Irish town of Wexford; Levin was a devoted attendee every year — and much loved by the town’s residents on that account. This is his account of the memorable closing night of Spontini’s opera, La Vestale.

I hope you enjoy it. When reading it I had great difficulty keeping a straight face.


The virus doesn’t care whether you’re rich or poor, but epidemics have always revealed the fissures in the societies they’ve infected

As the Chinese are already finding out (and we will soon).


Boris Johnson’s Dunkirk moment

Boris Johnson has always suffered from a Churchillian complex (even writing a ludicrous biography of the great man). Well, now he holds the same office and he’s just had his Dunkirk moment, as the epidemic modelling team at Imperial College showed that the ‘herd immunity’ strategy that lay at the heart of the government’s approach to COVID-19 was a one-way ticket to disaster. The good news is that unlike some politicians one could mention, he was able to change course.

One puzzling thing, though. When the herd-immunity policy was being advocated, it struck me as a strange way of combatting a pandemic for which there is no vaccine because it relied on at least 60% of a population of 68m getting the disease and acquiring immunity as a result. It’s only when you started looking at the numbers that the scale of this gamble became clear. It’s based on about 40.8 million people getting infected, 99% of whom would hopefully recover and become immune. But assuming a mortality rate of 1%, that would still mean over 400,000 deaths, which is not far from the 451,000 UK deaths in WW2. So when people describe the struggle against COVID-19 as the moral equivalent of war, they may be closer to the truth than they realise.

Then comes the Imperial College bombshell which suggests that the herd-immunity strategy could cause 250,000 deaths and would overwhelm the NHS. And a shocked government turns on a sixpence and changes tack.

So here’s my question: did it not occur to anyone that the 400,000 deaths that would be the likely consequence of acquiring herd immunity would have even more comprehensively overwhelmed the NHS?

Also: isn’t herd immunity about vaccination, not infection?


Which companies should not be bailed out in this crisis?

Tim Wu proposes a useful rule: any company that has been highly profitable before the COVID crisis but has used its profits to engage in share buybacks rather than building up cash reserves or doing R&D should be left go to the wall. The case study he uses is American Airlines:

In 2015, it posted a $7.6 billion profit — compared, for example, to profits of about $500 million in 2007 and less than $250 million in 2006. It would continue to earn billions in profit annually for the rest of the decade. “I don’t think we’re ever going to lose money again,” the company’s chief executive, Doug Parker, said in 2017.

There are plenty of things American could have done with all that money. It could have stored up its cash reserves for a future crisis, knowing that airlines regularly cycle through booms and busts. It might have tried to decisively settle its continuing contract disputes with pilots, flight attendants and mechanics. It might have invested heavily in better service quality to try to repair its longstanding reputation as the worst of the major carriers.

Instead, American blew most of its cash on a stock buyback spree. From 2014 to 2020, in an attempt to increase its earnings per share, American spent more than $15 billion buying back its own stock. It managed, despite the risk of the proverbial rainy day, to shrink its cash reserves. At the same time it was blowing cash on buybacks, American also began to borrow heavily to finance the purchase of new planes and the retrofitting of old planes to pack in more seats. As early as 2017 analysts warned of a risk of default should the economy deteriorate, but American kept borrowing. It has now accumulated a debt of nearly $30 billion, nearly five times the company’s current market value.

And now, suddenly, the company is in crisis because of the virus. It hasn’t yet asked for a bailout but after a recent meeting with airline leaders the director of the National Economic Council said that “certain sectors of the economy, airlines coming to mind” might require assistance. US Treasury Secretary Steven Mnuchin said on Wednesday last that the airlines, including American, would be “on the top of the list” for federal loan relief.

Isn’t it funny how corporations are firmly capitalist while things are good, but firm believers in socialism when disaster looms? Profits are always privatised but losses are socialised.


Monday 16 March, 2020

Quarantine reading

If (as seems possible) some of us are going to be confined to barracks for a substantial period, it would make sense to lay in a stock of useful reading material. There’s always the final volume of Hillary Mantel’s Cromwell trilogy, of course. But for non-fiction addicts here’s a list of some books that, in one way or another, shed light on our current crisis. It’s worth remembering that (a) we’ve been here before, and (b) that pandemics hold up a mirror to human nature — and to society.

Albert Camus, The Plague
Published in 1947, this modern classic tells the story of a plague sweeping the French Algerian city of Oran. It asks a number of questions relating to the nature of destiny and the human condition. The characters in the book, ranging from doctors to holidaymakers to fugitives, all show the effects the plague has on a populace. Though set in the 1940s, the book is believed to be based on the cholera epidemic that killed a large percentage of Oran’s population in 1849 following French colonisation.

I was struck by a Guardian essay about the book by my Observer colleague, Ed Vulliamy, in 2015 during the Ebola epidemic in West Africa. “Most of us read The Plague as teenagers”, he wrote,

and we should all read it again. And again: for not only are all humankind’s responses to death represented in it, but now – with the advent of Ebola – the book works on the literal as well as metaphorical level.

Camus’s story is that of a group of men, defined by their gathering around and against the plague. In it we encounter the courage, fear and calculation that we read or hear in every story about West Africa’s efforts to curtail and confront Ebola; through its narrator, Dr Rieux, we can identify with the hundreds of Cuban doctors who went immediately to the plague’s Ground Zero, and those such as the Scottish nurse currently fighting for her life at the Royal Free Hospital in London.

Adam Kucharski, The Rules of Contagion: Why Things Spread and Why They Stop. Published earlier this year. The author is a mathematician who works at the London School of Hygiene and Tropical Medicine where he works on the mathematical analysis of infectious disease outbreaks. The book uncovers the underlying principles that drive contagion, from infectious diseases and online misinformation to gun violence and financial crises. It explains what makes things spread, why outbreaks look like they do, and how we can change what happens in future. It’s beautifully — and clearly — written (I’m reading it at the moment and can testify to that.) Funnily enough, I ordered it before COVID-19 hit the news, because I’m interested in the way that memes and conspiracy theories spread virally online. Serendipity rules OK.

Frank Snowden: Epidemics and Society: from the Black Death to the present, Yale, 2016. A real big-picture, long-view work of historical scholarship. examines the ways in which disease outbreaks have altered the societies through which they have spread — shaping politics, crushing revolutions, and entrenching racial and economic discrimination, affecting personal relationships, the work of artists and intellectuals, and the man-made and natural environments. Gigantic in scope, stretching across centuries and continents, Snowden’s account also seeks to explain the ways in which social structures have allowed diseases to flourish. “Epidemic diseases are not random events that afflict societies capriciously and without warning,” he writes. “On the contrary, every society produces its own specific vulnerabilities”. The New Yorker recently published an interview with Snowden which explores these questions. One passage in the conversation particularly stood out for me:

Epidemics are a category of disease that seem to hold up the mirror to human beings as to who we really are. That is to say, they obviously have everything to do with our relationship to our mortality, to death, to our lives. They also reflect our relationships with the environment—the built environment that we create and the natural environment that responds. They show the moral relationships that we have toward each other as people, and we’re seeing that today.

If you’re settling down for a long quarantine, this book will keep you absorbed for quite a while.

Randy Shilts, And the Band Played On: Politics, People and the AIDS Epidemic, Souvenir Press, 2011. A masterpiece of investigative reporting. Shilts covered the AIDS epidemic from 1982 for The San Francisco Chronicle, the only US newspaper willing to give its full attention to the epidemic. He traced the roots of AIDS beginning in 1976 to two events and focussing on the mysterious illness of a Danish physician working in Africa. Before the virus even had a name, it had leapt across continents and destroyed communities, while the world stood idly by. It was, after all, a disease that affected ‘only’ gay men. There are lots of echoes of the Trump Administration in Stilts’s account. Like the present President, Ronald Reagan’s budget cuts affected the programs that needed funding for the necessary research. His Administration also dismissed scientists, thereby delaying the discovery of pharmacological defences. Remind you of anyone? Other culprits include: the businesses whose decisions to keep blood banks unaccountable and bathhouses liberated helped to spread the disease; mainstream media, for its reluctance to report AIDS; and the blasé attitudes of political officials, public health authorities, and community leaders. There are heroes in this story too, of course. But somehow it’s the villains we remember. Will it be any different this time?

Daniel Defoe, A Journal of the Plague Year. Although a novel published in 1722, it’s really an early example of imaginative journalistic reportage. It’s an account of one man’s experiences of the year 1665, in which the bubonic plague struck the city of London. It’s presented as an eyewitness account of the events at the time, but Defoe was only five years old in 1665, and the book itself was published under the initials H. F. and is probably based on the journals of Defoe’s uncle, Henry Foe, who lived in London and survived the plague. It’s still a vivid read.

Dorothy Crawford, The Invisible Enemy: A Natural History of Viruses Published in 2000, this is an overview of the viruses that have wreaked havoc in the past. She looks at the havoc viruses have caused in the past, where they have come from, and the detective work involved in uncovering them. Finally, she considers whether a new virus could potentially wipe out the human race. It’s informative and readable. James Meek wrote an informative review of it for the London Review of Books in 2001.

Richard J. Evans, Death in Hamburg – Society and Politics in the Cholera Years 1830-1910 A terrific study by a formidable historian of the way Hamburg reacted when it was hit in 1892 by cholera.

Allan M. Brandt, No Magic Bullet – a social history of venereal disease in the United States since 1880 In a way, this book has echoes of the story told in Randy Shilts’s book on AIDS. Brandt demonstrates that Americans’ concerns about venereal disease have centered around a set of social and cultural values related to sexuality, gender, ethnicity, and class. At the heart of our efforts to combat these infections, he argues, has been the tendency to view venereal disease as both a punishment for sexual misconduct and an index of social decay. This tension between medical and moral approaches has significantly impeded efforts to develop “magic bullets”–drugs that would rid us of the disease–as well as effective policies for controlling the infections’ spread.

_____________________ 

Sunday 15 March 2020

Online memes are viruses too

This morning’s Observer column:

One of the things that makes this epidemic different from predecessors is the dominance of social media in today’s world. One of the most perceptive analyses of what’s going on has come from Kate Starbird of Washington State University, who’s a leading expert on “crisis informatics” – the study of how information flows in crisis situations, especially over social media. Crises always generate levels of high uncertainty, she argues, which in turn breeds anxiety. This leads people to seek ways of resolving uncertainty and reducing anxiety by seeking information about the threat. They’re doing what humans always do – trying to make sense of a confusing situation.

In the pre-internet era, information was curated by editorial gatekeepers and official government sources. But now anything goes, and sense-making involves trying to find out stuff on the internet, through search engines and social media. Some of the information gathered may be reliable, but a lot of it won’t be. There are bad actors manipulating those platforms for economic gain (need a few face-masks, guv?) or ideological purposes. People retweet links without having looked at the site. And even innocently conceived jokes (a photograph of empty shelves in a local supermarket, for example) can trigger panic-buying…

Read on


Profiting from the crisis

The other day, partly out of curiosity — having noticed that our local Aldi store had apparently been cleaned out of hand-sanitisers, I went on to Amazon.co.uk to see what was happening there. Lots of sanitizers on offer, though only a small percentage seemed to have the 60%+ alcohol content needed to see off the Coronavirus. So I chose one — priced at £6.99 (which seemed steep for a tiny bottle) but it advertised free delivery so I pushed it into the basket and continued. Turned out that the free delivery means delivery between March 30 and April 7. But if I wanted it sooner than that I could have it by paying for delivery. How much? £48. Having thus confirmed my low opinion of human nature, I deleted the item and logged off. (I have plenty of soap and have never hitherto used a hand-sanitiser.)

I guess this always happens when there’s a panic and people over-react. And of course there are smart people who know how to exploit that. The NYT has an interesting story today about two brothers who set about buying every hand-sanitizer and wipe they could find — in the process clearing the shelves of every story they visited on March 1 with the intention of selling them at a heavy markup on Amazon. Initially, it went swimmingly — until Amazon decided to take action against merchants the company judged to be engaged in price-gouging. Now, as the headline puts it over a photograph of one of the brothers in his lock-up garage, “He has 17,700 bottles of Hand Sanizer and Nowhere to Sell Them”.

Cue violins.


Andrew Sullivan on the Plague

“Reality Arrives to the Trump Era”. Spot on, as usual.


Dressing for the age of Surveillance

“If the government were to demand pictures of citizens in a variety of poses, against different backdrops, indoors and outdoors, how many Americans would readily comply? But we are already building databases of ourselves, one selfie at a time. Online images of us, our children, and our friends, often helpfully labelled with first names, which we’ve posted to photo-sharing sites like Flickr, have ended up in data sets used to train face-recognition systems.”

Yeah, but if you’re an AI geek, you can make a T-shirt with a pattern that renders you invisible to facial-recognition systems. This from a fascinating New Yorker essay by John Seabrook.


The economic impact of the pandemic (and related thoughts)

Greg Mankiw is the Robert M. Beren Professor of Economics at Harvard. People keep ringing him up asking for his views on the impact of the virus. Here’s his blogged reply:

  • A recession is likely and perhaps optimal (not in the sense of desirable but in the sense of the best we can do under the circumstances).

  • Mitigating the health crisis is the first priority. Give Dr. Fauci anything he asks for.

  • Fiscal policymakers should focus not on aggregate demand but on social insurance. Financial planners tell people to have six months of living expenses in an emergency fund. Sadly, many people do not.

  • Considering the difficulty of identifying the truly needy and the problems inherent in trying to do so, sending every American a $1000 check asap would be a good start. A payroll tax cut makes little sense in this circumstance, because it does nothing for those who can’t work.

  • There are times to worry about the growing government debt. This is not one of them.

  • Externalities abound. Helping people over their current economic difficulties may keep more people at home, reducing the spread of the virus. In other words, there are efficiency as well as equity arguments for social insurance.

  • Monetary policy should focus on maintaining liquidity. The Fed’s role in setting interest rates is less important than its role as the lender of last resort. If the Fed thinks that its hands are excessively tied in this regard by Dodd-Frank rules, Congress should untie them quickly.

  • President Trump should shut-the-hell-up. He should defer to those who know what they are talking about. Sadly, this is unlikely to occur.


Ian Donald’s tweetstream about UK government policy on COVID-19

Wonderfully succinct and helpful. Link


Saturday 14 March, 2020

Quote of the Day

”Everything is relative; and only that is absolute”

  • Auguste Comte

The Trump presidency is over

Really? The pessimist in me (plus the ghost of HL Mencken sitting on my shoulder) says that nobody ever went broke underestimating the taste of the American public. But maybe this time is different. At any rate, that’s what one Republican — Peter Wehner — says in a blast in The Atlantic. Here’s how it ends:

The coronavirus is quite likely to be the Trump presidency’s inflection point, when everything changed, when the bluster and ignorance and shallowness of America’s 45th president became undeniable, an empirical reality, as indisputable as the laws of science or a mathematical equation.

It has taken a good deal longer than it should have, but Americans have now seen the con man behind the curtain. The president, enraged for having been unmasked, will become more desperate, more embittered, more unhinged. He knows nothing will be the same. His administration may stagger on, but it will be only a hollow shell. The Trump presidency is over.

Here’s hoping.


The remarkable Dr Fauci

Jame Fallows has a fascinating piece about Dr Anthony Fauci, who has been head of the National Institute of Allergy and Infectious Diseases, at the National Institutes of Health, since Ronald Reagan’s first term, in 1984. Although nothing in his look or bearing would suggest it, Fauci is older than either Bernie Sanders or Joe Biden. He recently turned 79. And what’s really interesting about him is that he has been the only official to contradict Trump in public and keep his job. (Remember Jim Mattis, for example?).

“There is no precedent”, writes Fallows,

from Mattis or anyone else, for what we have seen these past few weeks from Fauci at the podium. Is the coronavirus problem just going to go away (as Trump had claimed)? No, from Fauci. It is serious, and it is going to get worse. Is the testing system “perfect” (as Trump had claimed)? No, it is not working as it should. Is the U.S. once again the greatest of all nations in its response to the threat? No, it is behind in crucial aspects, and has much to learn from others.

Fauci is saying all these things politely and respectfully. As an experienced Washington operator he knows that there is no reason to begin an answer with, “The president is wrong.” You just skip to the next sentence, “The reality is…” But his meaning—“the president is wrong”—is unmistakable.

Anthony Fauci has earned the presumption-of-credibility for his comments. Donald Trump has earned the presumption that he is lying or confused. A year ago that standoff—the realities, versus Trump-world obeisance—worked out against James Mattis. Will the balance of forces be different for Fauci? As of this writing, no one can know.

Fascinating: someone whom Trump can’t sack because he needs Fauci now more than Fauci needs him. And if he did sack him, imagine what would happen to the markets.


Friday 13 March, 2020

How to make the show go on

COVID-19 bans on theatres would represent an existential threat to some. It hasn’t happened in London — yet — but Broadway has been closed by the State Governor. So what should US theatres do? Live streaming, of course, says Terry Teachout, Drama Critic of the WSJ.

Starting with the Metropolitan Opera in 2006, a fast-growing number of performing-arts groups have been using digital technology to beam their shows into movie houses on both sides of the Atlantic, and many older performances can also be viewed online….

According to City A.M., a London-based financial and business newspaper, a dozen English theater troupes are hard at work on contingency plans to live-stream their shows should they be closed by the coronavirus.

Writing as someone who was planning to go to a major concert in London on March 17 — but now isn’t, on the grounds that the less I have to do with large gatherings the better for the time being — I wish this was already happening.


Making Mike Pence the Administration’s lead on COVID-19 is really putting the lunatic in charge of the asylum

Wonderful editorial by Holden Thorp, who is Editor-in-Chief of Science:

“Do me a favor, speed it up, speed it up.” This is what U.S. President Donald Trump told the National Association of Counties Legislative Conference, recounting what he said to pharmaceutical executives about the progress toward a vaccine for severe acute respiratory syndrome–coronavirus 2 (SARS-CoV-2), the virus that causes coronavirus disease 2019 (COVID-19). Anthony Fauci, the long-time leader of the National Institute of Allergy and Infectious Diseases, has been telling the president repeatedly that developing the vaccine will take at least a year and a half—the same message conveyed by pharmaceutical executives. Apparently, Trump thought that simply repeating his request would change the outcome.

China has rightfully taken criticism for squelching attempts by scientists to report information during the outbreak. Now, the United States government is doing similar things. Informing Fauci and other government scientists that they must clear all public comments with Vice President Mike Pence is unacceptable. This is not a time for someone who denies evolution, climate change, and the dangers of smoking to shape the public message. Thank goodness Fauci, Francis Collins [director of the U.S. National Institutes of Health (NIH)], and their colleagues across federal agencies are willing to soldier on and are gradually getting the message out. [Emphasis added]

It’s a terrific editorial, pointing out that “while we don’t expect politicians to know Maxwell’s equations for electromagnetism or the Diels-Alder chemical reaction” you can’t insult science when you don’t like it and then suddenly insist on something that science can’t give on demand. For the past 4 years, Trump’s budgets have made deep cuts to science, including cuts to funding for two institutions that are now critical to coping with the virus — the Center for Disease Control and Prevention and the NIH.

Now, says Thorp, the president suddenly needs science. Yet three years ago, he declared his skepticism of vaccines and tried to launch an antivaccine task force. And so now he suddenly loves vaccines. What Trump, with his invincible stupidity, always calls to mind is those saloon-bar morons one sometimes encounters who have opinions on everything while knowing nothing about anything. And who can contradict themselves in successive sentences.


Herd immunity sounds good but…

Suddenly (yesterday) the UK government started to talk about “herd immunity” in relation to COVID-19. What it basically means is that if lots of people get the virus and survive it (which is likely for the majority of cases), then we will be in a better state to deal with it in future because those people will have immunity to it. Sounds reassuring, doesn’t it?

Er, perhaps not. Say 60% of the population gets it. That’s 40m infectees. With a 1% mortality rate, that’s 400,000 deaths. So we have to hope that the mortality rate will be a lot less than 1%. No matter how you look at it, this is deadly serious. Herd immunity doesn’t come cheap.


A message to Trump from Jack Shafer

Lovely column from Jack. It begins:

As a self-designated, one-man task force assigned to smother the shifting coronavirus wildfire, allow me to direct my first edict to the president of the United States: Mr. Trump, please stop talking about the virus.

Don’t comment on the number of cases or deaths. Stop congratulating yourself about what a good job you’re doing, and never, ever again claim that you’ve got things “well under control.” Never again compare this virus with the flu. Never again promise that a vaccine is arriving “pretty soon“ or that the virus “will go away,” as you repeatedly have, or that “it’s going to disappear.” Don’t blame the Democrats or the Obama administration or the press for your bungling of the crisis. Don’t say “anybody that wants a test can get a test,” because it isn’t true.

Most everything you’ve said about the virus has been wrong, inflammatory and dangerous. You think you’re making things better, but your steady spew of misinformation is confusing people and making the situation worse. Much worse. In your Wednesday night national broadcast, you stirred irrational fears with your words and your heebie-jeebie speaking style. The markets heard you clearly, which is why they promptly went into the swirly on Thursday morning.

You’re so bad at conveying accurate virus information, you make the Fox News channel sound like the Scientific American

You get the drift?


Thursday 12 March, 2020

Quote of the Day

“The cliche about Trump’s presidency is that it is malevolence tempered by incompetence. His haplessness would undermine his corruption and authoritarianism. But now, finally, the country faces a crisis in which Trump’s incompetence will not save us from him. His wholesale unfitness was on bright display from the Oval Office. It may be the most unsettling moment yet of this bleak era.”


Things companies might learn from this crisis

  1. They will need to figure out how to reconfigure their operations so more employees can work productively at a distance. In other words, how to rethink the office. It’s been a mystery to me for years why so many organisations use such primitive telephone-conferencing kit, for example. So it’s no wonder that shares in Zoom) went up 24% in the first day that the immensity of the crisis began to dawn on people.
  2. Surely the penny about the fragility of complex supply-chains will now drop. Surely?

(Thoughts stimulated by an excellent Economist piece).


So the ‘administrative state’ has its uses after all

One of the most pernicious delusions fostered by the rise of tech within a neoliberal mindset was its contempt for the state. This predated the rise of Silicon Valley, of course — remember Ronald Reagan’s tropes about how the state was always the problem, not the solution? But it really took off once the Web 2.0 boom started.

Well, one of the most interesting aspects of our current predicament is the discovery that we really need the state after all. It’s the only thing that stands between us and a biological Armageddon, it seems. Looks like the hapless citizens of the US are about to discover this, given that they have a president who has for three years been trying to dismantle the administrative state or sell it off to his cronies.

Actually, the state has been essential in lots of fairly-recent crises too. It was that self-same administrative state that provided the heroic first-responders in 9/11, for example; the same state that organised TARP and the recapitalisation of banks in 2008; and the state that is now busily trying to protect populations from the havoc that COVID-19 will wreak.

And of course, most of the fortunes made in Silicon Valley are built on the Internet — an infrastructure that was paid for by US taxpayers.

People have such short memories. Sigh.


No computer required

Spotted in the ‘i’ newspaper. Don’t you just love the “No computer required” advice. And the price — £199.


Wednesday 11 March, 2020

Wash your hands.

Rupert Beale, who works at the Francis Crick Institute, has a really good blog post about COVID-19 on the London Review of Books site. Towards the end, he reports a message he received from a colleague about the epidemic. It made three points.

  1. This is NOT business as usual. This will be different from what anyone living has ever experienced. The closest comparator is 1918 influenza.

  2. EARLY social distancing is the best weapon we have to combat Covid-19.

  3. Humanity will get through this fine, but be prepared for major changes in how we function and behave as a society until either we’re through the pandemic or we have mass immunisation available.


Lunch with Freeman Dyson

A New York Times piece by Siobhan Roberts to celebrate the late Freeman Dyson. It’s a lovely piece, which captures something of the man himself. For example:

Lunch with Dr. Dyson was never short of fascinating, fun or lengthy. He was a slow eater, and he did nearly all the talking. Listening, while trying to capture the last few peas of my salad, I’d realize that my lunch mate had made little progress with his meal; it was work, cutting and chewing the meat.

I’d try to fill airtime — and trigger his silent but shoulder-bobbing laugh — with trivial bits, like recounting a tale relayed by his son, George Dyson, an author and historian of technology, regarding an email the elder Dyson once received from a woman with a cleaning business. Subject line: “vacuum — unsatisfied.” Cindy had spent $500 on the DC14 model and had come to hate it with a passion, she explained in great detail. The suction on the rug was so strong that it threw “my shoulder out (NO LIE) having to push so hard.” She signed off, defeated: “I know that I will not hear from Dyson.”

Dr. Dyson, ever the reliable correspondent, hit Reply: “Thank you for the hate mail which I enjoy reading. I get quite a lot of it because my name is Dyson. But I am sorry to tell you that I am the wrong Dyson. My name is Freeman and not James. I suggest that you take the trouble to find James’s address and send the message to him. I wish you good luck and good health.”

Worth reading in full.


Paul Krugman on Thomas Piketty’s vast new book

Readable review of *Capital and Ideology — friendly by not uncritical. I’m an admirer of Piketty and got a lot from his earlier Capital in the 21st Century. But this 1000-page doorstop will have to stay on the nice-but-not-for-now list. So Krugman’s review is helpful.

Krugman starts by referring to that earlier tome. For the book-buying public, he observes, its big revelation was simply the fact of soaring inequality.

This perceived revelation made it a book that people who wanted to be well informed felt they had to have.

To have, but maybe not to read. Like Stephen Hawking’s “A Brief History of Time,” “Capital in the Twenty-First Century” seems to have been an “event” book that many buyers didn’t stick with; an analysis of Kindle highlights suggested that the typical reader got through only around 26 of its 700 pages. Still, Piketty was undaunted.

His new book, “Capital and Ideology,” weighs in at more than 1,000 pages. There is, of course, nothing necessarily wrong with writing a large book to propound important ideas: Charles Darwin’s “On the Origin of Species” was a pretty big book too (although only half as long as Piketty’s latest). The problem is that the length of “Capital and Ideology” seems, at least to me, to reflect in part a lack of focus.

To be fair, the book does advance at least the outline of a grand theory of inequality, which might be described as Marx on his head. In Marxian dogma, a society’s class structure is determined by underlying, impersonal forces, technology and the modes of production that technology dictates. Piketty, however, sees inequality as a social phenomenon, driven by human institutions. Institutional change, in turn, reflects the ideology that dominates society: “Inequality is neither economic nor technological; it is ideological and political.”

But where does ideology come from? At any given moment a society’s ideology may seem immutable, but Piketty argues that history is full of “ruptures” that create “switch points,” when the actions of a few people can cause a lasting change in a society’s trajectory.

Krugman admires Piketty’s intellectual ambitions in trying to tell such a vast story, but he also implies that sometimes Piketty’s reach exceeds his grasp. For example:

For me, at least, the vast amount of ground it covers raises a couple of awkward questions.

The first is whether Piketty is a reliable guide to such a large territory. His book combines history, sociology, political analysis and economic data for dozens of societies. Is he really enough of a polymath to pull that off?

I was struck, for example, by his extensive discussion of the evolution of slavery and serfdom, which made no mention of the classic work of Evsey Domar of M.I.T., who argued that the more or less simultaneous rise of serfdom in Russia and slavery in the New World were driven by the opening of new land, which made labor scarce and would have led to rising wages in the absence of coercion. This happens to be a topic about which I thought I knew something; how many other topics are missing crucial pieces of the literature?

The second question is whether the accumulation of cases actually strengthens Piketty’s core analysis. It wasn’t clear to me that it does. To be honest, at a certain point I felt a sense of dread each time another society entered the picture; the proliferation of stories began to seem like an endless series of digressions rather than the cumulative construction of an argument.

Piketty sees rising inequality as being at root a political phenomenon. The social-democratic framework that made Western societies relatively equal for a couple of generations after World War II, he argues, was dismantled, not out of necessity, but because of the rise of a “neo-proprietarian” ideology. But, asked Krugman,

why did policy take a hard-right turn? Piketty places much of the blame on center-left parties, which, as he notes, increasingly represent highly educated voters. These more and more elitist parties, he argues, lost interest in policies that helped the disadvantaged, and hence forfeited their support. And his clear implication is that social democracy can be revived by refocusing on populist economic policies, and winning back the working class.

And his summing up?

The bottom line: I really wanted to like “Capital and Ideology,” but have to acknowledge that it’s something of a letdown. There are interesting ideas and analyses scattered through the book, but they get lost in the sheer volume of dubiously related material. In the end, I’m not even sure what the book’s message is. That can’t be a good thing.

Phew! I don’t think I have to read it.

Why the US is screwed

A new Quinnipiac University poll released on Monday finds that Democrats and Republicans have polarized views on both the danger the coronavirus poses and how the Trump administration is handling the outbreak.

By the numbers: The poll finds that 43% of respondents overall approve of President Trump’s response to the coronavirus, while 49% disapprove.

That divide falls largely along party lines. 83% of Democrats disapprove of Trump’s response, while 87% of Republicans approve. 68% of Democrats said that they are “very or somewhat concerned” about the virus, compared to just 35% of Republicans.

How will these views change when people start to die in significant numbers from the virus? Will they change? The funny thing about viruses is that they don’t distinguish between political parties.