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“Pocock rejected the idea that politics or philosophy addressed the same problems over time — what justice meant for Aristotle did not mean the same for Hobbes or for Rousseau,”

“So explaining what political ideas meant in theory and in practice became the historian’s task.”

The Cambridge School attracted devotees across the world in departments of politics, history, philosophy, literature and language — scholars who were admonished to set aside any modern-day assumptions and prejudices they might hold when delving into the past.

“Readers, Christian or non-believing, who may find themselves involved in analyses of thought they consider obsolete or false, are asked to remember that they are studying the history of a time when such thinking was offered and read seriously,” he wrote.

Professor Pocock’s first book, “The Ancient Constitution and the Feudal Law,” made clear that he would not be a conventional historian. The book asked how people in the 17th century viewed their past, and he wasn’t satisfied with drawing on the go-to philosopher of the period, John Locke. As Colin Kidd wrote in The London Review of Books in 2008, the book “drove a bypass around Locke” and “concentrated instead on a set of debates among such obscure antiquaries as William Petyt, James Tyrrell, William Atwood and Robert Brady.”

“The Machiavellian Moment” cemented Professor Pocock’s reputation among historians, and it continued to grow from there. The first volume of “Barbarism and Religion” came out in 1999, when Professor Pocock was in his mid-70s. Volume 6 appeared in 2015. He also edited or co-edited “The Political Works of James Harrington” (1977), “Edmund Burke: Reflections on the Revolution in France” (1987) and “The Varieties of British Political Thought, 1500-1800” (1993), among other books.

“Pocock’s central contention,” the Oxford historian Keith Thomas wrote in The New York Review of Books in 1986, “is that a work of political thought can only be understood if the reader is aware of the contemporary linguistic constraints to which its author was subject, for these constraints prescribed both his subject matter and the way in which that subject matter was conceptualized.”

its application to the history of political ideas forms a great contrast to the assumptions of the 1950s, when it was widely thought that the close reading of a text by an analytic philosopher was sufficient to establish its meaning, even though the philosopher was quite innocent of any knowledge of the period in which the text was written or of the linguistic traditions within which its author operated.”

“Historians need to understand that the history of discourse is not a simple linear sequence in which new patterns overcome and replace the old,” he wrote in 1988 in a preface to a reissue of “Politics, Language and Time,” a 1971 essay collection, “but a complex dialogue in which these patterns persist in transforming one another.”

Melissa Carrion, a professor at the University of Nevada, Las Vegas, who studies the rhetoric of health and medicine, spoke to 50 mothers who had refused one or more vaccines for their children for a study published in 2017.“Across the board, every single one of them gave some variation of the advice that a mother ‘should do her own research,’” she said in a phone interview. “It was this kind of worldview that was less about the result of the research than the individual process of doing it themselves.”

One of the enticing aspects of cryptocurrencies, which pose an alternative to traditional financial institutions, is that expertise is available to anyone who wants to claim it. There are people who’ve gotten rich, people who know a lot about blockchains and people who believe in the liberating power of digital currencies. There is some recent institutional interest. But nobody’s been around very long, which makes the idea of “researching” your way to prosperity feel more credible.

Cryptocurrency trading, in contrast to medicine, might represent DYOR in pure no-expert form. Virtually everyone is operating in a beginners’ bubble, whether they’re worried about it or not, betting with and against one another, in hopes of making money.

ere, so-called research materials are often limited to a white paper, marketing materials and testimonials, the “due diligence” posts of others, the reputations of a currency’s creators and the general sentiment of other possible buyers. Will they buy-in, too? Will we take this coin to the moon?In that way — the momentum of a group — crypto investing isn’t altogether distinct from how people have invested in the stock market for decades. Though here it is tinged with a rebellious, anti-authoritarian streak: We’re outsiders, in this together; we’re doing something sort of ridiculous, but also sort of cool. Though DYOR may be used to foster a sense of community, what it actually describes is participation in a market.

A year ago, Luna boosters (and a few skeptics) in online forums offered the same advice to gathered audiences of potential buyers reading their posts, looking for tips: just DYOR. Thousands invested in both Luna and TerraUSD. The price of Luna climbed from around $5 to over $100. After the crash, at least one Reddit user suggested that the situation highlighted the “limit” of DYOR; the coin’s price had fallen to nearly zero.

“If Russia is unable to find a legal way to make these payments, and they technically default on their debt, I don’t think that really represents a significant change in Russia’s situation,” Ms. Yellen said. “They’re already cut off from global capital markets, and that would continue.”

“We can only speculate what worries the Kremlin most about defaulting: the stain on Putin’s record of economic stewardship, reputational damage, the financial and legal dominoes a default sets in motion and so on,” said Tim Samples

Sanctions experts have estimated that Russia has about $20 billion worth of outstanding debt that is not held in rubles.

Russia owes about $71 million in interest payments for a dollar-denominated bond that will mature in 2026. The contract has a provision to be paid in euros, British pounds and Swiss francs.

Adam M. Smith, who served as a senior sanctions official in the Obama administration’s Treasury Department, said he expected that Russia would most likely default sometime in July and that a wave of lawsuits from Russia and its investors were likely to ensue.

“The interesting question to me is, What is the policy goal here?”

his case is one of dozens discovered by reporters appearing to show Credit Suisse opened or maintained accounts for clients who had serious convictions that might be expected to show up in due diligence checks. There are other instances in which Credit Suisse may have taken quick action after red flags emerged, but the case nonetheless shows that dubious clients have been attracted to the bank.

Like every other bank in the world, Credit Suisse professes to have stringent control mechanisms to carry out extensive due diligence on its customers to “ensure that the highest standards of conduct are upheld”. In banking parlance, such controls are called know-your-client or KYC checks.

A 2017 leaked report commissioned by Switzerland’s financial regulator shed some light on the bank’s internal procedures at that time. Clients would face intensified scrutiny when flagged as a politically exposed person from a high-risk country, or a person involved in a high-risk activity such as gambling, weapons trading, financial services or mining, the report said.

Such controls might be expected to prevent a bank from opening accounts for clients such as Rodoljub Radulović, a Serbian securities fraudster indicted in 2001 by the US Securities and Exchange Commission. However, the leaked data identifies him as the co-signatory of two Credit Suisse company accounts. The first was opened in 2005, the year after the SEC had secured a default judgment against Radulović for running a pump-and-dump scheme.

One of Radulović’s company accounts held 3.4m CHF (£2.2m) before they closed in 2010. He was recently given a 10-year prison sentence by a court in Belgrade for his role trafficking cocaine from South America for the organised crime boss Darko Šarić.

Due diligence is not only for new clients. Banks are required to continually reassess existing customers. The 2017 report said Credit Suisse screened customers at least every three years and as often as once a year for the riskiest clients. Lawyers for Credit Suisse told the Guardian these periodic reviews were introduced “more than 15 years ago”, meaning it was continually running due diligence on existing clients from 2007.

The bank might, therefore, have been expected to have discovered that its German client Eduard Seidel was convicted of bribery in 2008. Seidel was an employee of Siemens. As the multinational’s lead in Nigeria, he oversaw a campaign of industrial-scale bribery to secure lucrative contracts for his employer by funnelling cash to corrupt Nigerian politicians.

After German authorities raided the Munich headquarters of Siemens in 2006, Seidel immediately confessed his role in the bribery scheme, though he said he had never stolen from the company or appropriated its slush funds. His involvement in the corruption led to his name being entered into the Thomson Reuters World-Check database in 2007.

However, the leaked Credit Suisse data shows his accounts were left open until at least well into the last decade. At one point after he left Siemens, one account was worth 54m CHF (£24m). Seidel’s lawyer declined to say whether the accounts were his. He said his client had addressed all outstanding matters relating to his bribery offences and wished to move on with his life.

The lawyer did not respond to repeated invitations to explain the source of the 54m CHF. Siemens said it did not know about the money and that its review of its own cashflows shed no light on the account.

A representative for Sederholm said Credit Suisse never froze his accounts and did not close them until 2013 when he was unable to provide due diligence material. Asked why Sederholm needed a Swiss account, they said that he was living in Thailand when it was opened, adding: “Can you please tell me if you would prefer to put your money in a Thai or Swiss bank?”

One client, Stefan Sederholm, a Swedish computer technician who opened an account with Credit Suisse in 2008, was able to keep it open for two-and-a-half years after his widely reported conviction for human trafficking in the Philippines, for which he was given a life sentence.

Swiss banks have cultivated their trusted reputation since as far back as 1713, when the Great Council of Geneva prohibited bankers from revealing details about the fortunes being deposited by European aristocrats. Switzerland soon became a tax haven for many of the world’s elites and its bankers nurtured a “duty of absolute silence” about their clients affairs.

The custom was enshrined in statute in 1934 with the introduction of Switzerland’s banking secrecy law, which criminalised the disclosure of client banking information to foreign authorities. Within decades, wealthy clients from all over the world were flocking to Swiss banks. Sometimes, that meant clients with something to hide.

One former Credit Suisse employee at the time alleges there was a deeply ingrained culture in Swiss banking of looking the other way when it came to problematic clients. “The bank’s compliance departments [were] masters of plausible deniability,” they told a reporter from the Organized Crime and Corruption Reporting Project, one of the coordinators of the Suisse secrets project. “Never write anything down that could expose an account that is non-compliant and never ask a question you do not want to know the answer to.”

The 2000s was also a decade in which foreign regulators and tax authorities became increasingly frustrated at their inability to penetrate the Swiss financial system. That changed in 2007, when the UBS banker Bradley Birkenfeld voluntarily approached US authorities with information about how the bank was helping thousands of wealthy Americans evade tax with secret accounts.

Birkenfeld was viewed as a traitor in Switzerland, where banking whistleblowers are often held in contempt. However, a wide-ranging US Senate investigation later uncovered the aggressive tactics used by UBS and Credit Suisse, the latter of which was found to have sent bankers to high-end events to recruit clients, courted a potential customer with free gold, and in one case even delivered sensitive bank statements hidden in the pages of a Sports Illustrated magazine.

The revelations sent shock waves through Switzerland’s financial sector and enraged the US, which pressured Switzerland into unilaterally disclosing which of its taxpayers had secret Swiss accounts from 2014. That same year, Switzerland reluctantly signed up to the international convention on the automatic exchange of banking Information.

By adopting the so-called common reporting standard (CRS) for sharing tax data, Switzerland in effect agreed that its banks would in the future exchange information about their clients with tax authorities in foreign countries. They started doing so in 2018.

Membership of the global exchange system is often cited by Switzerland’s banking industry as a turning point. “There is no longer Swiss bank client confidentiality for clients abroad,” the Swiss Bankers Association told the Guardian. “We are transparent, there is nothing to hide in Switzerland.”

Switzerland’s almost 90-year-old banking secrecy law, however, remains in force – and was recently broadened. The Tax Justice Network estimates that countries around the world collectively lose $21bn (£15.4bn) each year in tax revenues because of Switzerland. Many of those countries will be poorer nations that have not signed up to the CRS data exchange.

More than 90 countries, most of which are in the developing world, remain in the dark when their wealthy taxpayers hide their money in Swiss accounts.

This inequity in the system was cited by the whistleblower behind the leaked data, who said the CRS system “imposes a disproportionate financial and infrastructural burden on developing nations, perpetuating their exclusion from the system in the foreseeable future”.

“This situation enables corruption and starves developing countries of much-needed tax revenue. These countries are the ones that therefore suffer most from Switzerland’s reverse-Robin-Hood stunt,” they said.

“I am aware that having an offshore Swiss bank account does not necessarily imply tax evasion or any other financial crime,” they said. “However, it is likely that a significant number of these accounts were opened with the sole purpose of hiding their holder’s wealth from fiscal institutions and/or avoiding the payment of taxes on capital gains.”

The resulting address was heartfelt. It was eloquent. Yet it helped sink his presidency.

“For the first time in the history of our country a majority of our people believe that the next five years will be worse than the past five years,”

By 1979, this country had experienced a recent string of traumatic political assassinations, urban riots that dwarfed the summer riots of 2020 in scale and intensity, campus unrest that makes the current controversies over “wokeness” look civil and quaint, the defeat in Vietnam, and the deep political corruption of Richard Nixon. At the same time, inflation rates dwarfed what we experience today.

Carter took a step back. With his trademark understated warmth, he described his own period of reflection. He’d taken the time to listen to others, he shared what he heard, and then he spoke words that resonate today. “The symptoms of this crisis of the American spirit are all around us,” he said, and he described symptoms that mirror our current reality.

Read the speech now, and you’ll see its truth and its depth. But, ironically, it’s an address better suited to our time than to its own. Jimmy Carter’s greatest speech was delivered four decades too soon.

There was more. “As you know,” he told viewers, “there is a growing disrespect for government and for churches and for schools, the news media, and other institutions.”

We were sure that ours was a nation of the ballot, not the bullet, until the murders of John Kennedy and Robert Kennedy and Martin Luther King Jr. We were taught that our armies were always invincible and our causes were always just, only to suffer the agony of Vietnam. We respected the presidency as a place of honor until the shock of Watergate.

Carter’s central insight was that even if the country’s political branches could deliver peace and prosperity, they could not deliver community and belonging. Our nation depends on pre-political commitments to each other, and in the absence of those pre-political commitments, the American experiment is ultimately in jeopardy.

we’re not familiar with speeches that ask the American people to reflect on their own role in a national crisis. Carter called for his audience to look in the mirror:

In a nation that was proud of hard work, strong families, close-knit communities, and our faith in God, too many of us now tend to worship self-indulgence and consumption. Human identity is no longer defined by what one does, but by what one owns.

Carter correctly described a country of mutual, interlocking responsibilities between the government and the people. Yet he was ultimately unable to deliver the results that matched his pastoral message.

the speech was successful, at first. His approval rating shot up a remarkable 11 points. Then came chaos — some of it Carter’s fault, some of it not. Days after the speech, he demanded the resignation of his entire cabinet. (He ultimately fired five.) It was a move that communicated confusion more than conviction.

The failed rescue was a hinge moment in history. It’s hard to imagine the morale boost had it succeeded, and we know the crushing disappointment when it failed. Had the Army’s Delta Force paraded down New York’s “Canyon of Heroes” with the liberated hostages, it would have probably transformed the public’s perception of the president. But just as presidents own military victories, they also own defeats.

The story of the next 10 years, moreover, cast Carter’s address in a different light. The nation went from defeat to victory: Inflation broke, the economy roared, and in 1991 the same military that was humiliated in the sands of Iran triumphed

The history was written. Carter was wrong. There wasn’t a crisis of confidence. There was no malaise. There was instead a failure of leadership. Better, or at least luckier, leaders revived a broken nation.

Yet with every passing year, the deeper truths of Carter’s speech become more apparent. His insights become more salient. A speech that couldn’t precisely diagnose the maladies of 1979 more accurately describes the challenges of 2023. The trends he saw emerging two generations ago now bear their poisonous fruit in our body politic.

last year a record 58 percent of Americans told NBC News pollsters that our nation’s best years are behind it.)

In 1979, Carter spoke of our civil liberties as secure. They’re more secure now.

We’re free, prosperous and strong to a degree we couldn’t imagine then. Yet we’re tearing each other apart now.

We are at a turning point in our history. There are two paths to choose. One is a path I’ve warned about tonight, the path that leads to fragmentation and self-interest. Down that road lies a mistaken idea of freedom, the right to grasp for ourselves some advantage over others. That path would be one of constant conflict between narrow interests ending in chaos and immobility.

With these words, Carter raised the question, what is our freedom for, exactly? While we want to better ourselves and our families, we cannot become self-regarding. We have obligations to each other. We have obligations to our community. The best exercise of freedom is in service to others.

Yet one of the stories of our time is the abuse of liberty, including the use of our freedoms — whether it’s to boycott, condemn or shame — to try to narrow the marketplace of ideas, to deprive dissenters of their reputations and their livelihoods.

as Carter noted, our huge wealth cannot heal the holes in our hearts, because “consuming things does not satisfy our longing for meaning. We’ve learned that piling up material goods cannot fill the emptiness of lives which have no confidence or purpose.”

there’s another word: prophetic. His words were not the clarion call necessary for his time, but they are words for this time. As Jimmy Carter spends his last days on this earth, we should remember his call for community, and thank a very good man for living his values, serving his neighbors, and reminding us of the true source of strength for the nation he loved.

On July 15, 1979, President Jimmy Carter emerged from days of isolation to deliver the most important and memorable address of his life

The speech was among the most unusual in presidential history. The word that has clung to it, “malaise,” was a word that didn’t even appear in the text.

What we now know is that, by not taking them seriously — by laughing at their vulgarity and what we thought was a pitiable desperation to be part of our national life — we allowed them to appropriate our politics and business and judiciary, taking what they wanted. Far from being the ridiculous basement-diggers we thought they were, many of them knew exactly what they were doing, like KGB agents. Was it co-ordinated? The aim, we now know, wasn’t to be friends with us.

For a certain type of impoverished British toff the arrival of the oligarchs was a five-star orgasm. There is no way of overstating the sheer bristling excitement that greeted them as they brought over their cash. This is as much a story of British greed as it is of Russian: having been dismissed by people with bigger titles, or sneered at for not having serious money, minor toffs like Elliot, George Osborne, even Prince Andrew and Boris Johnson, could not believe they would finally be getting unlimited access to where they thought they belonged: private jets and luxury yachts.

yet it is one the government’s opponents are always reluctant to admit because its logical corollary is that there will always be an incentive for those not included under the cap to try their luck in the Channel — unless they perceive a high risk of deportation. You cannot stop the boats while taking in the passengers.

Sunak’s policy, despite its logic, faces a tortuous road ahead. To ministers’ surprise, they won their case on the Rwanda scheme in British courts last year, only to have the first flight blocked in the middle of the night by an ECHR judge.

Yet as the home secretary recently suggested, the government still believes it can get its way. The ECHR, despite its reputation for inflexible and expansionist application of human rights law, can be expedient when its institutional reach is under threat

In 2012, for example, after an unmanageable surge of cases that provoked European governments’ wrath, the ECHR agreed to limit itself to intervening only where it believed national courts had not done their jobs properly. Its caseload quickly shrank.

With the UK outside the EU and therefore able to leave the ECHR with relative ease, the court’s survival instinct has kicked in. Its officials are said to have been taken aback by the hostility to its Rwanda injunction last June and are in a mood to compromise to avoid the risk of losing the UK altogether

Even assuming the legislation takes full effect, it may not work. Migrant arrivals are expected to reach 65,000 this year. The asylum backlog stands at 166,000 and counting, hotels are full to bursting and the government hasn’t yet sent a single person to Rwanda, which in turn hasn’t built the capacity to house more than 200. No wonder most think the policy is doomed.

It all depends on what’s required to deter people from crossing. The aim, after all, isn’t to run a constant, high-volume travel service to Kigali, but to stop people from getting on boats in the first place. This may already be working

There has been a sharp drop in the number of Albanians arriving on our beaches since the government signed a co-operation agreement with Tirana, stepped up deportations and publicised both.

evidence from Canada in 2016, where a publicity campaign highlighting the deportation of failed asylum seekers from Hungary led to a dramatic drop in arrivals.

Between the prospect of being deported, housed in unappealing lodgings such as barges and RAF bases rather than hotels, and caught by the French, who are being given large sums of money to step up their coastal policing, the government is hoping it can make trying to cross the Channel sufficiently unattractive

This leaves the final piece, which is the expansion of “safe and legal routes” to the UK. It has taken months of awkward media interviews, select committee hearings and the threat of a backbench rebellion, but the government has finally accepted it needs a better system for taking in legitimate refugees.

One way is a broader, Ukraine-style scheme, so households can bring in refugees if they agree to take them in

Another is to allow for more extended family reunifications for refugees who have relatives here

And another would be to expand the practice of assessing and accepting people at UN camps, like the Syrian resettlement scheme

After years of ineffectual government under Theresa May and Boris Johnson, we have become used to the idea that ministers never have any ability or intention of keeping their promises

Food prices have risen by another 6.1 per cent from already high levels in 2022

Soaring energy prices mean that 5.5 million Germans say they weren’t able to heat their house properly over the past year

there have been further investigations into his alleged connections to a tax fraud scheme that happened when he was mayor of Hamburg (Scholz denies any wrongdoing).

‘Food…petrol and energy: everything has become so expensive that I have nothing left at the end of the month. There was a time when I could go out sometimes, or go to the cinema. Such extras are no longer possible.’

three quarters said they had to make cuts in their spending on consumer items and leisure time activities.

Recent scandals and spectacular failings of his government have cemented the public’s impression of incompetence.

Only around a quarter think he is fit to be chancellor, down from over 60 per cent when he took office in December 2021.

Last month, a bombshell ruling by the constitutional court declared the creative accounting of his administration illegal, blowing a €60 billion (£52 billion) hole in public finances and an even bigger one in what remained of Scholz’s reputation as a crisis chancellor.

What’s worse is that he doesn’t appear to care about the increasing despair in his country. Naturally aloof, his mannerisms and rhetoric sometimes drift into outright dismissiveness

Currently only 15 per cent would vote for his centre-left Social Democrats (SPD). That marks a 10 point-drop in support from the last election and the lowest result in the SPD’s post-war history by some margin.

One would think that such catastrophic loss of confidence would lead to serious soul-searching by Scholz or, failing that, within the SPD, which still thinks of itself as one of Germany’s main political parties. But there is no sign of any such critical reflection.

“I could not have done it sooner,” he says. “I don’t think anybody could have done it sooner. Because I was the first one.” 

By the late 1960s, he was managing TI’s integrated-circuit division. Before long, he was running the entire semiconductor group. 

He transferred to the Massachusetts Institute of Technology, where he studied mechanical engineering, earned his master’s degree and would have stayed for his Ph.D. if he hadn’t failed the qualifying exam. Instead, he got his first job in semiconductors and moved to Texas Instruments in 1958

he came along as the integrated circuit was being invented, and his timing couldn’t have been any better, as Chang belonged to the first generation of semiconductor geeks. He developed a reputation as a tenacious manager who could wring every possible improvement out of production lines, which put his career on the fast track.

Chang grew up dreaming of being a writer—a novelist, maybe a journalist—and he planned to major in English literature at Harvard University. But after his freshman year, he decided that what he actually wanted was a good job

“They talk about life-work balance,” he says. “That’s a term I didn’t even know when I was their age. Work-life balance. When I was their age, if there was no work, there was no life.” 

These days, TSMC is investing $40 billion to build plants in Arizona, but the project has been stymied by delays, setbacks and labor shortages, and Chang told me that some of TSMC’s young employees in the U.S. have attitudes toward work that he struggles to understand. 

Chang says he wouldn’t have taken the risk of moving to Taiwan if he weren’t financially secure. In fact, he didn’t take that same risk the first time he could have.

“The closer the industry match,” they wrote, “the greater the success rate.” 

By then, Chang knew that he wasn’t long for Texas Instruments. But his stock options hadn’t vested, so he turned down the invitation to Taiwan. “I was not financially secure yet,” he says. “I was never after great wealth. I was only after financial security.” For this corporate executive in the middle of the 1980s, financial security equated to $200,000 a year. “After tax, of course,” he says. 

Chang’s situation had changed by the time Li called again three years later. He’d exercised a few million dollars of stock options and bought tax-exempt municipal bonds that paid enough for him to be financially secure by his living standards. Once he’d achieved that goal, he was ready to pursue another one. 

“There was no certainty at all that Taiwan would give me the chance to build a great semiconductor company, but the possibility existed, and it was the only possibility for me,” Chang says. “That’s why I went to Taiwan.” 

Not long ago, a team of economists investigated whether older entrepreneurs are more successful than younger ones. By scrutinizing Census Bureau records and freshly available Internal Revenue Service data, they were able to identify 2.7 million founders in the U.S. who started companies between 2007 and 2014. Then they looked at their ages.

The average age of those entrepreneurs at the founding of their companies was 41.9. For the fastest-growing companies, that number was 45. The economists also determined that 50-year-old founders were almost twice as likely to achieve major success as 30-year-old founders, while the founders with the lowest chance of success were the ones in their early 20s

“Successful entrepreneurs are middle-aged, not young,” they wrote in their 2020 paper.  

Silicon Valley’s venture capitalists throw money at talented young entrepreneurs in the hopes they will start the next trillion-dollar company. They have plentiful energy, insatiable ambition and the vision to peek around corners and see the future. What they don’t typically have are mortgages, family obligations and other adult responsibilities to distract them or diminish their appetite for risk. Chang himself says that younger people are more innovative when it comes to science and technical subjects. 

But in business, older is better. Entrepreneurs in their 40s and 50s may not have the exuberance to believe they will change the world, but they have the experience to know how they actually can. Some need years of specialized training before they can start a company. In biotechnology, for example, founders are more likely to be college professors than college dropouts. Others require the lessons and connections they accumulate over the course of their careers. 

one more finding from their study of U.S. companies that helps explain the success of a chip maker in Taiwan. It was that prior employment in the area of their startups—both the general sector and specific industry—predicted “a vastly higher probability” of success.

Chang was such a workaholic that he made sales calls on his honeymoon and had no patience for those who didn’t share his drive

Morris Chang had 30 years of experience in his industry when he decided to uproot his life and move to another continent. He knew more about semiconductors than just about anyone on earth—and certainly more than anyone in Taiwan. As soon as he started his job at the Industrial Technology Research Institute, Chang was summoned to K.T. Li’s office and given a second job. “He felt I should start a semiconductor company in Taiwan,”

“I decided right away that this could not be the kind of great company that I wanted to build at either Texas Instruments or General Instrument,”

TI handled every part of chip production, but what worked in Texas would not translate to Taiwan. The only way that he could build a great company in his new home was to make a new sort of company altogether, one with a business model that would exploit the country’s strengths and mitigate its many weaknesses.

Chang determined that Taiwan had precisely one strength in the chip supply chain. The research firm that he was now running had been experimenting with semiconductors for the previous 10 years. When he studied that decade of data, Chang was pleasantly surprised by Taiwan’s yields, the percentage of working chips on silicon wafers. They were almost twice as high in Taiwan as they were in the U.S., he said. 

“People were ingrained in thinking the secret sauce of a successful semiconductor company was in the wafer fab,” Campbell told me. “The transition to the fabless semiconductor model was actually pretty obvious when you thought about it. But it was so against the prevailing wisdom that many people didn’t think about it.” 

Taiwan’s government took a 48% stake, with the rest of the funding coming from the Dutch electronics giant Philips and Taiwan’s private sector, but Chang was the driving force behind the company. The insight to build TSMC around such an unconventional business model was born from his experience, contacts and expertise. He understood his industry deeply enough to disrupt it. 

“TSMC was a business-model innovation,” Chang says. “For innovations of that kind, I think people of a more advanced age are perhaps even more capable than people of a younger age.”

the personal philosophy that he’d developed over the course of his long career. “To be a partner to our customers,” he says. That founding principle from 1987 is the bedrock of the foundry business to this day, as TSMC says the key to its success has always been enabling the success of its customers.  

TSMC manufactures chips in iPhones, iPads and Mac computers for Apple, which manufactures a quarter of TSMC’s net revenue. Nvidia is often called a chip maker, which is curious, because it doesn’t make chips. TSMC does. 

Churning out identical copies of a single chip for an iPhone requires one TSMC fab to produce more than a quintillion transistors—that is, one million trillions—every few months. In a year, the entire semiconductor industry produces “more transistors than the combined quantity of all goods produced by all other companies, in all other industries, in all human history,” Miller writes. 

I asked how he thought about success when he moved to Taiwan. “The highest degree of success in 1985, according to me, was to build a great company. A lower degree of success was at least to do something that I liked to do and I wanted to do,” he says. “I happened to achieve the highest degree of success that I had in mind.” 

Bonobos became famous for showing that nature didn’t always have to be red in tooth and claw. “Bonobos are an icon for peace and love, the world’s ‘hippie chimps,’” Sally Coxe, a conservationist, said in 2006.

Because bonobos live in remote, swampy rainforests, it has been much more difficult to observe them in the wild than chimpanzees. More recent research has shown that bonobos live a more aggressive life than their reputation would suggest.

In a study based on thousands of hours of observations in the wild published on Friday, for example, researchers found that male bonobos commit acts of aggression nearly three times as often as male chimpanzees do.

“There is no ‘hippie ape,’”

As our closest living relatives, bonobos and chimpanzees can offer us clues about the roots of human behavior. We and the two species share a common ancestor that lived about 7 million years ago. About 5 million years later, bonobos split off from chimpanzees.

In 2012, a trio of Harvard researchers proposed that bonobos evolved much like dogs did. Less aggressive wolves were not as likely to be killed by humans, which over time led to the emergence of dogs. In a similar fashion, the researchers argued, female bonobos preferred to mate with less aggressive males, giving birth to less aggressive offspring.

The researchers called their idea the self-domestication hypothesis. In later years, they speculated that humans may have undergone a self-domestication of their own.

Dr. Mouginot soon became perplexed, as she saw that male bonobos acted aggressively on a regular basis. Unlike male chimpanzees, who started their days in a mellow mood, the male bonobos seemed to wake up ready for a fight.

She and her colleagues trained field assistants, who made more observations throughout the pandemic. The new analysis, based on 9,300 hours of observations on 12 male bonobos and 14 male chimpanzees, found that bonobos committed aggressive acts 2.8 times as frequently as than the chimpanzees did.

Dr. Mouginot found that the frequent bonobo aggressions almost always involved a single male attacking another male. Chimpanzees, in contrast, often ganged up to attack a victim.

the study set a new standard for comparing aggression in bonobos and chimpanzees.

Dr. Mouginot speculated that male chimpanzees engage in one-on-one aggression less often because it poses bigger dangers: A victim of aggression may not want to go on a border patrol with the perpetrator, for example. Or he may bring back some of his own allies to wreak vengeance.

It may be easier for male bonobos to get away with aggression, Dr. Mouginot said, because in their female-dominated society they don’t face the risks that come with male alliances. “I think that’s why we see more aggression in bonobos — because it’s less risky to act aggressively against other males,”

the apes that carried out the most aggressive acts were also the ones who mated most often.

parts of the self-domestication hypothesis “clearly need refinement.” It may be important to consider the effect that different kinds of aggression have on a species, rather than lumping them altogether, he said.

Still, he argued that the differences between the two species remained significant. “Chimpanzees murder, and bonobos don’t,

The rise in political violence combined with a rapidly shifting party landscape in which a right-wing force is emerging as a major player reminds many Germans of the 1920s and 30s

Despite proportional representation, the Social Democrats and the Christian Democrats shared over 70 per cent of the vote from 1953 to 2005. Now polls suggest they are now heading for a record low of 46 per cent, and the right-wing Alternative für Deutschland (AfD) is the second most popular party in many surveys.

the country had a reputation for being one of the most stable democracies in the world. West Germany bounced back from Nazism with low crime rates, an ‘economic miracle’ starting in the 1950s and two major parties seemingly able to cover most voters’ needs

a new spate of scandals has sparked fears that far-right sentiments may be more embedded than political polling suggests. 

blatant disregard for the country’s post-war taboos by members of the wealthy elite cast unsettling doubts over the idea that this only about the great unwashed.

The feverish moral panic has triggered a range of knee-jerk reactions

Gigi D’Agostino’s song will be banned from the Oktoberfest as well as a number of similar events around the country. Prominent politicians are pushing for a ban of the entire AfD. The political violence is to be combatted with harsher punishments specifically for attacks on politicians. 

This verboten culture is unlikely to do anything but provoke a backlash

Instead of attempting to ban the symptoms of this shattering of certainties, politicians should be thinking about their causes. What Germany needs right now isn’t moral outrage but level-headed pragmatism.