Categories
Humour Politics

Quantitative Easing

Bank of England – Images George Rex

Ireland’s government is considering making a deeper fiscal adjustment than planned next year in a bid to further distinguish itself from Greece and build on its recent bond market rally. – Reuters

Ah yes. I think they call that “masochism by proxy”. Our government stands ready and willing to show how much we can suffer.

The UK has taken a rather different approach, one not open to us as Euro members. “Quantitative easing” they call it. Sounds like a euphemism for a good solid dump, but it actually disguises something even more unmentionable – what they used to call “printing money”. Of course, they don’t actually print the stuff these days. Who uses cash, darling? Somewhere in some secret turret of the Bank of England, they push a button and simply magic £75 billion into existence.

Doesn’t seem right, does it? If you like, you could think of it as the B of E simply raising its own credit rating and lending itself that £75 billion. But if it’s a loan, who does it have to be paid back to? The future? An alternative universe maybe? I think it’s best to just grit your teeth and accept the reality. Money is fictional. What the B of E has done here is simply made some more up.

Yes, fictional. Money is nothing except what we pretend it is – not even power. Power after all is the ability to make other people do what you want, and money only has that effect if we all play the game, doing what someone else wants in return for mere tokens in the knowledge that other people in their turn will do what we want to get them. If you think about it too much it seems like an utter house of cards. Why do we go along with it – especially we who don’t have so many tokens to begin with?

Well, the only non-fictional way to make people do what they don’t want to do is the threat of direct physical violence. So playing along is preferable to that. Plus it’s hard to see how anyone could be scary enough to organize a whole society through intimidation, certainly not one of any real size.

The other thing that bothers people here is, who owns this £75 billion? Actual wealth like a resource is still there even when it goes unclaimed and unexploited, but money only exists by virtue of someone having it (and someone else wanting it). So when a government just wishes billions into existence, whose exactly are they?

Well the Bank of England gets to spend it, so I guess it’s theirs. What they do though, mostly at least, is immediately use it to buy government bonds. Not from the government, I hasten to add. Modern economics is insane, yes, but it hasn’t quite reached the point where a government invents money to buy the bonds it invented from itself. No, they buy them from people who have invested in them, thereby making those investors’ assets liquid again so that they can spend, spend, spend. Which is good for the economy.

Or so Tories always say when they need to justify the transfer of public funds to private friends.

Will it work? I’m not so sure. When a government makes money up they are unilaterally modifying the rules of the game. Or cheating, as we once called it. This may encourage other people to get creative too. Will markets play fair with the UK government, or will they say that this new stuff just isn’t as good as the old, and they need some more please?

I know where my fictional money is.

Categories
Politics

Westlife Promote Cigarettes – Or Is That Bollocks?

Westlife‘s tour of the Philippines is being sponsored by a Philip Morris cigarette brand – or so someone on the Joe Duffy radio show assured us yesterday. Overflowing with outrage, I drew out my trusty keyboard.

Then I paused, and actually checked the story.

Basically, I can find damn all to damn them with. There’s that picture there, of the band and the brand on one billboard, and then there’s… Ehm… There was a comment posted on the Irish Cancer Society‘s Facebook page – quoted here by Broadsheet.ie – but it no longer appears to be there. Maybe they too noticed there was very little to go on.

The tour promoter’s blog has a positively effusive list of sponsors. Some – Fox for example – perhaps not paradigms of ethical behaviour. One, rather bizarrely, a brand of herbal sleeping aid. (Westlife fans need that?) But none of them the brand in question, or any other known cigarette. See footnote for full list.¹

It all hangs on whether that really is a single poster on the Manila billboard, or two posters next to each other. The continuous strip across the bottom seems to unify the two halves, but we can’t be completely sure it’s not a message about how to advertise in this space or something. Futzing in Photoshop doesn’t make it much clearer, and I can’t find any version of the image that’s larger, brighter or less badly compressed. Indeed I can’t find where it came from originally – no one seems to be crediting it. I’d call that suspicious, except I don’t know what to suspect. A campaign of vilification against a boy band just seems too petty.

One thing – The brand in question, Clas Mild, is not made by Philip Morris. It’s a Philippine state-owned brand (rumoured to explode, interestingly). For all I know its appearance on concert posters is mandatory. Not likely, but we really have no idea what’s going on. Some clarification from the band or their management would be nice. I realise I’m effectively asking them to prove their own innocence there, but I expect they’ll be only too eager to distance themselves from an industry so absolutely evil it makes arms manufacture look like a charity for homeless kittens.

 

  1. “Westlife Live in Manila is brought to you by DAYLY Entertainment in cooperation with the following major sponsors: SMART, FOX, Star World, Sleepasil, Accessorize, Calliope, Mossimo Music, Skin Food and Terranova, and Official Residence-Edsa Shangri-La Hotel. This is also supported by the following media partners, Official TV Network-ABS-CBN, Official Music Channel-MYX, Asap Rocks, Philippine Star, The Manila Bulletin, The Manila Times, Business World, Business Mirror, People’s Journal, Bands, Official Radio Partner-Love Radio 90.7, Magic 89.9, Baranggay LS FM 97.1, Yes FM 101.1, Tambayan 101.9, Energy FM 106.7, Manila Conert Scene, Philippineconcerts.com, Atthewomb.com, OrangeTVMagazine.com, and Digipost. Special thanks to Le Ching Tea House, Astro Plus, Odyssey”
Categories
Politics

Norris Is In

After an astonishing roller coaster ride of a campaign that saw him first bow out and then bow to pressure to return, David Norris will be on the Presidential ballot paper. And what a paper. Nominations are not yet closed, but the line-up is looking to be:

Now that is a Presidential race. Suck it, USA.

Categories
Politics

Is The Norris Campaign Unfinished?

Senator Norris, Here Seen Fondling Some Of My Cartoon Characters
Senator Norris, Here Seen Fondling Some Of My Cartoon Characters

Last night Senator David Norris made a play to revive his bid for the Presidency. Did he do enough?

His interview on Ireland’s Late Late Show was a robust one. Excessively so some thought, but really it could hardly have suited him better. Certainly he was asked tough questions; about the way he acted when his ex was convicted of statutory rape, about quotes attributed to him concerning underage sex. But these were exactly the questions he needed to face publicly if he was to have any hope of competing again.

He even volunteered answers to questions presenter Ryan Tubridy fought shy of asking. In order to contextualise his remark about wanting to be “molested” when he was a child, he brought up the fact that it is quite normal for younger people to fantasize about older. His new, hard-won political experience showed through here though. He didn’t actually say younger people, or adolescents, or teenagers. He said people “of 17 or 18”. People of legal age.

We all know that it is in fact perfectly normal for people years younger than the age of consent to fantasize about adults. We also know that it would have been political suicide for a middle-aged Gay politician to say what we all know to be true. It’s the sort of hypocrisy politics demands. And it will be good for his campaign, because it demonstrates he now has a level of political awareness that he demonstrably did not have when he wrote to the Israeli Appeals Court. This judicious use of half-truth shows he can play the game.

Which seems a little sad, but it is not completely unreasonable. We want a President who is circumspect, diplomatic, who can tell when he’s on the verge of saying something that will scandalize and hold back, who isn’t going to spring any surprises when he’s representing the country abroad.

Well OK, most people want that. Personally I want a President who comes out with stunningly undiplomatic but heartfelt opinions and makes gleefully off-colour sexual remarks – preferably about other people’s Presidents. But we shouldn’t always get what we want.

Categories
Cosmography Politics

9/11 – New Revelations

Responding to my piece on 9/11 “Truthers“, reader Jeff Rubinoff had this to say:

I still think that the psychology of conspiracy theorists has a lot to do with it, probably because of the Truthers I know with no skin in the game (Brits, Irish, Slovaks…). A particular kind of (extreme) credulity that thinks it’s worldly cynicism. A sense of superiority that one has the “real truth” while the sheeple haplessly accept the official lies. And a complete lack of either the necessary knowledge to evaluate claims or a consciousness of this ignorance.
I have one friend who insists that WTC and the Pentagon were bombs, that the planes were generated by CGI, that a few bits of wreckage were planted in front of the Pentagon but clearly not enough and in too good a condition to come from an actual airplane attack: the most Byzantine, inconsistent and improbable pile of donkey dung imaginable. Of course, last time I met him he was telling me how he read on the Internet that the Pyramids were designed as chemical reaction chambers to send microwave signals into space, and how he found this “very persuasive.” Oh, and he’s a Holocaust denier.
He also told me once that University education only limits ones mental horizons, whereas the LSD he ingested daily over a similar period of time expanded his.

That’s also true. I was concentrating on the internal contradictions of the America-fearing American, but all conspiracists live with even deeper conflicts. As you say Jeff, they have a powerful faith which they think of as cynicism.

Apparently the official explanation is that WTC7 just blew itself up (Photo: Damon D’Amato)

I’ve said elsewhere, conspiracy theories seem to satisfy some of the same mental urges as religion. They are surprisingly like a mythos, in that they create exciting stories to explain the world about us. And just as religion, they provide the ultimate all-purpose explanation: Things difficult to explain can be seen instead as the manifestation of a powerful but invisible will. I’ll go out on a limb here and say that the idea of unseen will may actually be innate to the the human species, a built-in default hypothesis for about anything.

The thing making them different from religion though – or at least, traditional religion – is that the actors are not gods or spirits, but human. Still, perhaps conspiracy theories should be considered new materialist religions, belief systems for generations that, while still credulous, draw the line at the supernatural. (We’ll leave aside for now conspiracies that involve the influence of alien civilisations. These are supernatural beings in every sense that angels and demons are, just dressed from a contemporary costume box.)

But though the conspirators are not explicitly supernatural beings, they still have superhuman powers. They consistently pull off the scale of operation that non-clandestine organisations and governments usually seem to screw up. They have secrets that are never left in taxis or revealed by Wikileaks. They have superhuman powers of planning, efficiency, and organisation. Modern-day superpowers.

Hmm. They just don’t make gods like they used to.

Categories
Cosmography Politics

September 11 – The First Ten Years

wtc
View onto a lost world

Ten years ago I spent this day with an online community, riveted to the events of September 11 even as some of our members were living through them in New York. Many moving things were said. Many terrible too – naturally we had one or two who wanted vengeance equal in horror to the attack. One actually did use the term “carpet bomb them into the stone age”.

But that was overwhelmed by the nobility of what most had to say, even as their country was being attacked. And not just the things they said, but what they did. Phones were out in New York, and some were frustrated to the point of tears that they couldn’t let their families know they were all right. Then someone had an idea – the rest of us could make the calls for them. The community proved itself that day.

I hope they do not mind if, ten years on, I repeat some of their words here.

I’m sitting watching the sky get dark from the smoke of the third building collapsing, and seeing a layer of soot settling on the cars and sidewalks. Soot that might be skin and bone and hair and burnt fragments of family pictures.
I haven’t got to the anger and revenge part of the process yet. I’m thinking of the mommy and daddy who are right now dying under 110 stories of rubble, while their kids are waiting in some school cafeteria to be picked up.
And I’m buoyed by the simple acts of grace and humanity shown by most of the folks on this board, offering to make phone calls and expressing true concern.
Sleep and food don’t seem to be very necessary things. But solidarity and human-ness sure are.
Defending a home is as close to pure animal instinct as most civilized humans get, and that’s as it should be, I imagine.
But in the defense of principles, on the contrary, we must behave as principled people, we must act as rationally and intelligently as we have the capacity to muster.
I’ve spent the day in a lot of quiet thought and meditation, and in watching to be sure my friends and loved ones were safe. I don’t really have much to say about this, except that I hope that we do not inflame a larger conflict in our quest to bring the perpetrators to justice. That would be a far greater tragedy than a single bombing, however horrible.

Wise words, and prophetic.

Categories
Politics

Patriots And Paranoids

WTC antes9-11
They weren't much to look at but they were full of people

The 9/11 attack was brilliantly simple in its planning. All it required was a little organisation, and the mental capability to slaughter thousands of innocent strangers. Brilliantly successful too; its objective, to foster conflict between the West and Islam, seems to have been largely realised. Yet ten years on, a significant proportion of people insist on believing a far more complex explanation: That 9/11 was faked, not an attack but an inside job.

I say a significant proportion; it’s far from a majority, though any time at all spent on YouTube might persuade you otherwise. (One wide-ranging poll did find that less than half respondents thought that Islamists were responsible, but that survey included many people in Islamic countries naturally unwilling to be associated with the atrocity.) A 2007 Zogby poll (PDF) sponsored by conspiracy theorists themselves found that something approaching a quarter of Americans thought that elements within their government were complicit in the attack. This figure has probably dropped somewhat since Bush and Cheney left office peaceably, but there is still a sizeable minority – of Americans – who believe the US government was complicit in or even responsible for the most deadly attack on America in its history. Why?

I say ‘insist on believing’ because it takes an effort of will to decide that America was responsible for the attack on America. Even the ‘moderate’ version – that forces within the US government were merely complicit in the attack – asks us to believe that members of a Republican administration were willing to stand by and allow a devastatingly effective attack by genuine terrorists on the heart of America’s commercial interests, because they believed they could gain by it in some way. More ambitious theorists would have us believe that they blew the towers up with carefully set demolition charges, then flew planes full of passengers into them merely as a distraction.

Why do so many people, both Americans and their enemies, persist in this? Well, they have one telling thing in common: Both need to believe in the strength of America. For its enemies, the idea that a tiny terrorist outfit can wreak such destruction simply doesn’t fit with the image of a Great Satan.

By the same token, the Americans who think their own government destroyed the World Trade Center in order to make war and profit are patriots. They still believe that the one power on Earth capable of inflicting such terrible damage on the US could only be the US itself. These conspiracy theorists are not cynics. On the contrary, they have faith in America.

Categories
Cosmography Politics Technology

The Persecution Of Google’s Eric Schmidt

There is now a follow-up to this article: The Return Of The Google Stalker

Schmidt, left, with Brin and Page
It is possible that they hired him to *look* evil though (Schmidt, left, with Brin and Page)

I’ve had unkind things to say in the past about Google, in particular executive chairman Eric E. Schmidt. Along with many others, I have – possibly unfairly – suggested that his attitude towards privacy rights might not be all it should.

I have never accused him of murder though. You have to give me that.

Eric Schmidt is being cyberstalked. No, that would be to aggrandize it. Someone is comment-spamming Eric Schmidt. Virtually anywhere Schmidt is mentioned, a Chinese guy calling himself Peter Cao comes to accuse him (and Stanford Professor of Artificial Intelligence Sebastian Thrun) of being involved in the murder and/or cover-up of the murder of May Mengyao Zhou, a Stanford graduate student whose suspicious death was ruled suicide. His accusations however lack… credibility. To say the least. Taken from the above links:

Eric Schmidt represents and is backed up by some mafia like dark force which tend to resovle their problems with killing power. Threatening my life with May Zhou’s case is not the only time, Schmidt’s side had actually plotted a murder on me during his fight with authorities and would have wiped me out, though it was crashed by securities in time, and that’s why he was removed from his CEO position. [Red text in the original]

Cao never seems to rest. Do a search on the terms “Peter Cao” “Eric Schmidt” and there are countless (highly repetitive) examples of his accusations. Is there any substance to them? Well, personally, I am strongly persuaded that the guy is an utter fruitbat. Here’s a glimpse of how he sees himself (which perhaps also reveals his motivation):

Google’s ambition in China is not limited in business. Google tried to act as a flagship of foreign powers to rival Chinese authorities on Chinese territory. Even till today, google still arrogantly places itself hight and lofty above Chinese people over its existence in China.
In the past, Google’s former CEO Eric Schmidt had backed up crimes against me, and had threatened my life with the mysterious death of very innocent people in Stanford in that case. I defeated Schmidt at authorities in this case and got him down from his CEO position. I could tell Google would be eventually terminated and kicked out of in China if Google executives refuse to ‘change stance on China’.

To make a bad situation worse, it appears someone responded to his comments on Business Insider by registering under the name Eric Schmidt and trolling the crazy guy (See comments):

Peter. It’s me, Eric. I thought we already talked about this. I am going to squash you like a bug if you keep posting on this comment board. What you don’t know (but surely suspected) is that the video cameras I installed in your house are allowing me to track everything you do. In fact, I am live streaming your pathetic life, including all the insane searches you do about my home address and love interests, to all my friends on the Stanford faculty. Next I will bring in my mafia-like dark killing power to bear.

I think most of us would assume that was not the real Schmidt… On what appears to be his blog however, Cao has taken the threat as vindication.

I report all this not because I think it’s amusing (though shamefully, I do), but out of a rather morbid fascination. Paranoid delusion is in the air right now as the tenth anniversary of 9/11 approaches. Fantasies of persecution – whether those of the deniers, or those of the attackers themselves – have the power to change the world. And recently it feels a lot like the mad are winning.

Categories
Politics Technology

Who Goes There?

Anonymous

A UK court has set an interesting – possibly insane – condition of bail for four men on charges relating to the Anonymous and LulzSec hacktivist clubs. The judge has ordered them not to log on to anything using their ‘hacker’ usernames. What this will prevent exactly is not clear. But then I suppose the judge isn’t too clear about a lot here.

Several questions arise: If someone logs on using those identities, will the court have to prove that it was the suspects? It seems unlikely that they possibly could. Anyone who had the password could go online in the forums or services that the suspects used, and anyone on the planet could register the same names on other forums.

If the suspects have to show that it’s not them on the other hand it would be not only just as difficult, but also counter to natural justice as they would be required to prove their own innocence.

It seems virtually unimaginable that, if these people actually are deadly dangerous hacker types, not using a particular name will prevent them doing anything. If on the other hand they are innocent – which is the basis we are meant to be working on – it could be an enormous inconvenience. I mentioned the other day that I administer an Internet forum. I think I’ll be giving away no secrets if I say that my login for that isn’t “richardchapman”. I use – God forgive me, but it’s true – a name I made up. And the same goes of course for the login I use to write this blog.

The judge may be under the same misapprehension a lot of non technically literate society has: that going online by a name different to the one on your birth cert is the behaviour of deviants. In fact previous to Facebook it was the norm rather than the exception. Why would you allow online strangers to know your real name? The expectation of going by your birth name is part of what I’m tempted to call the “Facebookisation” of the Web. Commerce and government have both realised that the erasure of online anonymity would be very convenient, and they are beginning to cooperate to bring this about. As I have pointed out elsewhere, the Google Plus (Google+) social network even has rules against pseudonyms. It’s more than a little creepy.

But here’s an amusing wrinkle. Peter Gibson, one of the accused in this case, goes by the nerdy hacker username of “Peter”. So now he is not allowed to use his own name. That seems an extraordinary incursion on civil liberties – and will lead to an interesting situation if he tries to join Google+… Or if that’s not irony enough, listen to this: We have only been told three of the four suspects’ usernames. The fourth wasn’t revealed, apparently because he is seventeen. So yes, the username he used to protect his anonymity, something which he is no longer allowed by the court to do, is being kept from us by the court to protect his anonymity.

Something just blew in my brain.

Categories
Politics

Happy Bertie To You

Croke Park Dublin
Intimate Venue Available For Family Occasions

Talk Show host Joe Duffy just claimed “Nobody is saying Bertie Ahern¹ was corrupt.” Does he not know about the libel laws in this country? A person can pull shit like this and we are still not allowed to say they’re corrupt.

Let’s just put it this way: Nobody is saying his financial affairs were entirely above board either. Among the people who aren’t saying that are the tax office.

It’s hard to say if somebody personally received corrupt payments when that person seems to have no clear concept of a difference between personal, family or party money. But corruption isn’t just kickbacks and envelopes full of cash. Ahern, and the party he led, were closely involved with the property, construction and finance industries in two distinct but intertwined ways: On one hand the party came to associate its political fortunes with the runaway success of these sectors. On the other, a great many of them associated their personal fortunes with that success too. Virtually the whole party – and it must be said, a sizeable portion of the Irish political caste as a whole – were compromised by their involvement. Is compromised the same thing as corrupted?

Not if it won’t get me sued.

Ahern is in the news again now because it’s his 60th birthday this weekend. More specifically, because he’s having his party in the country’s most important stadium, Croke Park. Seriously. His immediate family don’t seem to see any problem with this. Sure it’s an entirely private matter. It’s just that it’s being done in the most public possible way.

I invite them to consider how this will be perceived from abroad. As our country depends for its day-to-day running on funding from the rest of Europe, the man who presided over its financial implosion is being fêted at our national stadium. It’s difficult to explain, isn’t it? Frankly it makes Berlusconi’s Italy look respectable.

 

  1. For late arrivals, the Taoiseach of Ireland during most of the boom years.