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Javier E

The Arrow in America's Heart - The New York Times - 0 views

  • But all these questions miss the point, the Buddha tells his disciple. What is important is pulling out that poison arrow, and tending to the wound.
  • “We need to be moved by the pain of all of the suffering. But it is important that we are not paralyzed by it,” Ms. Han said. “It makes us value life because we understand life is very precious, life is very brief, it can be extinguished in a single instant.”
  • Recent days have revealed an arrow lodged deep in the heart of America. It was exposed in the slaughter of 19 elementary school children and two teachers in Uvalde, and when a gunman steeped in white supremacist ideology killed 10 people at a Buffalo supermarket. The United States is a nation that has learned to live with mass shooting after mass shooting.
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  • More than one million people have died from Covid, a once unimaginable figure
  • An increase in drug deaths, combined with Covid, has led overall life expectancy in America to decline to a degree not seen since World War II.
  • Police killings of unarmed Black men continue long past vows for reform.
  • “You can’t underestimate the need for belonging,” she said. When something terrible happens, people want to connect with their “in-group,” she said, where they feel they belong, which can push people further into partisan camps.
  • Rabbi Mychal B. Springer, the manager of clinical pastoral education at NewYork-Presbyterian Hospital, has found herself returning to an ancient Jewish writing in the Mishnah, which says that when God began creating, God created a single person.
  • “The teaching is, each person is so precious that the whole world is contained in that person, and we have to honor that person completely and fully,” she said. “If a single person dies, the whole world dies, and if a single person is saved, then the whole world is saved.”
  • We can only value life if we are willing to truly grieve, to truly face the reality of suffering
  • “It’s not that we don’t care. We’ve reached the limit of how much we can cry and hurt,” she said. “And yet we have to. We have to value each life as a whole world, and be willing to cry for what it means that that whole world has been lost.”
  • The mountain of calamities, and the paralysis over how to overcome it, points to a nation struggling over some fundamental questions: Has our tolerance as a country for such horror grown, dusting off after one event before moving on to the next? How much value do we place in a single human life?
  • Valuing life and working for healing means going outside of one’s self, and one’s own group, she said.
  • “This will require collective action,” she said. “And part of the problem is we are very divided right now.”
  • American culture often prizes individual liberty above collective needs. But ultimately humans are born to care about others and to not turn away,
  • “Human beings are born for meaning,” she said. “We have very, very large souls. We are born for generosity, we are born for compassion.”
  • What is standing in the way of a proper valuation of life, she said, is “our very, very disordered relationship with death.”
  • n the United States, denial of death has reached an extreme form, she said, where many focus on themselves to avoid the fear of death.
  • That fear cuts through “all tendrils of conscience, and common good, and capacity to act together,” she said, “because in the final analysis we have become animals saving our own skin, the way we seem to save our own skin is repression and dissociation.”
  • The United States is an outlier in the level of gun violence it tolerates. The rate and severity of mass shootings is without parallel in the world outside conflict zones.America has “a love affair with violence,”
  • Violence is an almost a normal part of life in the United States, she said, and valuing life takes consistently asking how am I committed to nonviolence today? It also means giving some things up, she said — many people think of themselves as nonviolent, but consume violence in entertainment.
  • “The question that should scare us is, what will it take to make us collectively bring about this change?
  • “Maybe this is our life’s work,” she said. “Maybe this is our work as humans.”
  • “But when I slow down I realize there is something alive in our culture that has harmed those people,” she said. “Whatever that something is, it is harming all of us, we are all vulnerable to it, it wields some sort of influence upon us, no matter who we are.”
criscimagnael

In Patrice Nganang's Trilogy, Cameroon's Past Is Still Very Present - The New York Times - 0 views

  • The book, “A Trail of Crab Tracks,” explores the birth of independent Cameroon in the 1960s and its subsequent descent into civil war. Nganang, 52, wanted to get the details just right, from the experience of guerrilla fighters in the jungle to the names of plants and local rivers.“I was very careful,” Nganang said last month as a torrential spring rain fell outside his New Jersey home. “I didn’t want an older person to read it and say, ‘Come on, my son. It’s not right!’” His laughter, like a thunderclap, filled the room.
  • “The government was declaring war and cracking down on Anglophone protests,” he says. “They hadn’t started killing yet.”
  • Finally released and expelled from the country, Nganang emerged with a deeper commitment to his overarching project: an examination of Cameroon’s national identity, and how it has held within it the seeds of both great promise and disappointment.
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  • Now, he adds, “there are 20,000 people dead.”
  • “The dream of Cameroon is contradictory,” he continues, “because on the one hand you have this violence and brutality and yet you also have this utopian idea: ‘Let’s dream big!’ That contradiction always inspired me, and I think it’s a reflection of the Cameroonian character, maybe the African character.”
  • “The three novels are like a cake: tripartite,” Nganang says. “They are very much complex, but I also wanted them to be entertaining.”
  • The family story mirrors a national history of silences and betrayals: The two are inevitably, and tragically, linked. “The Cameroonian soul is a battlefield,”
  • There is another overlap, too. The name “Tanou,” he says, means “father of history”
  • “I would never have written this book if I hadn’t been on social media,” he says, describing the countless testimonials that Cameroonians around the world have shared with him, which have fueled his posts and informed his novel. “It changed me and changed the landscape of my writing because it made it possible for people to actually hear what I want to say.”
  • Social media has certainly given Nganang a significant platform from afar on the country’s issues,
  • “History is the backbone of everything we do, everything that happens,” he says. “Are things going to change? Like Yaoundé’s neighborhoods, what is poor today was rich yesterday and what is rich now was once poor. The reality of Cameroon, and Africa in general, is that nothing is forever.”
criscimagnael

The Middlemen Helping Russian Oligarchs Get Superyachts and Villas - The New York Times - 0 views

  • On Feb. 24, as Russian troops poured into Ukraine on Day 1 of the invasion, an employee of a yacht management company sent an email to the captain of the Amadea, a $325 million superyacht: “Importance: High.”
  • At Imperial Yachts, no detail is too small to sweat. Based in Monaco, with a staff of about 100 — plus 1,200 to 1,500 crew members aboard yachts — the company caters to oligarchs whose fortunes turn on the decisions of President Vladimir V. Putin. Imperial Yachts and its Moscow-born founder, Evgeniy Kochman, have prospered by fulfilling their clients’ desires to own massive luxury ships.
  • Imperial’s rise has benefited an array of businesses across Europe, including German shipbuilders, Italian carpenters, French interior design firms and Spanish marinas, which together employ thousands of people. Imperial Yachts is at the center of what is essentially an oligarch-industrial complex, overseeing the flow of billions of dollars from politically connected Russians to that network of companies, according to interviews, court documents and intelligence reports.
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  • Andrew Adams, a federal prosecutor leading the task force, said in an interview that “targeting people who make their living by providing a means for money laundering is a key priority.”
  • Along with the Amadea, Imperial Yachts oversaw the construction of the Scheherazade, a $700 million superyacht that U.S. officials say is linked to Mr. Putin, and the Crescent, which the Spanish police believe is owned by Igor Sechin, chairman of the state-owned oil giant Rosneft.
  • Mr. Timchenko and his partners designed the Scheherazade — seized in early May by the Italian police — as a gift for Mr. Putin’s use, according to the assessment. Together, the three vessels may have cost as much as $1.6 billion, enough to buy six new frigates for the Russian navy.
  • But U.S. officials are not buying such explanations. Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the Treasury Department, said it was the responsibility of people in the yacht services industry to avoid doing business with people under sanctions.“And if you do,” she said, “you yourself will be subject to sanctions.”
  • Mr. Kochman, 41, got his start in the yacht business in Russia in 2001, the year after Mr. Putin took power, selling Italian-made yachts.
  • “We grow with our clients like parents with babies,
  • We buy your yachts and you buy our gas,”
  • “The client may be fully immersed in the project, he might not be,” he said in a phone interview. “I channel everything through Mr. Kochman.”
  • “We are not currently working with anyone on the sanctions list and we have shared all requested information with the authorities, with whom we continue to work,” the spokesman said in an email.
  • But according to U.S. investigators, Imperial Yachts brokered the sale of the Amadea late last year to Suleiman Kerimov, a Russian government official and billionaire investor who has been on the U.S. sanctions list since 2018. He was among a group of seven oligarchs who the American officials said “benefit from the Putin regime and play a key role in advancing Russia’s malign activities.”
  • Mr. Clark, the lawyer for Imperial Yachts, said the company “would never knowingly create structures to hide or conceal ownership, nor would we knowingly broker deals to sanctioned individuals.”
  • One thing is clear, according to the U.S. task force: Members of Mr. Kerimov’s family were on board the Amadea earlier this year, based on investigators’ interviews with crew members, reviews of emails between the ship and Imperial, and other documents from the superyacht including copies of passports.
  • The cast of characters restoring Villa Altachiara to its former glory is familiar. Mr. Kochman’s BLD Management is supervising the project. Mr. Gey is helping to oversee the local and international artisans restoring the interior of the mansion. Yachtline 1618, an Italian high-end carpentry company that has worked on Imperial Yachts projects, is also involved.
  • Locals have never seen Mr. Khudainatov. Mariangela Canale, owner of the town’s 111-year-old bakery, said she was worried that Portofino would become a place where the homes were mere investments, owned by wealthy people who rarely visited, and the community would lose its soul. “Even the richest residents have always come for a chat or to buy my focaccia bread with their children, or have dinner in the piazza,” she said. “They live with us.”
  • “Everything is under very strict nondisclosure agreements,” Mr. Gey said. “It’s a standard in the industry.”He added, “It’s not like there is something to hide.”
Javier E

Mark Esper's Duty to Speak - 0 views

  • The risks of working for Trump were elaborated upon well in 2017 by my Atlantic colleague David Frum; our colleague Eliot Cohen also went back and forth on it and even changed his mind. The danger was obvious: You will end up selling your soul and you will likely fail to do much good
  • The counterargument was also obvious: The interests of the United States of America require that this train wreck of an administration—staffed with the likes of Stephen Miller, Steve Bannon, and His Faux-Britannic Excellency Sebastian Gorka—should have at least some non-stupid, non-craven, non-nutball types in the executive branch.
  • I argued at the time that there was no way to put child-safety bumpers on all the sharp edges of the White House, and that if Trump was going to drive the country into a ditch, the sooner we got on with it, the better. I am not sure now if I was wrong, but the best evidence against my position is that Esper may well have prevented a war with North Korea by averting Trump’s idiotic evacuation order for Americans in South Korea. If that’s the case, I’d have to say it was worth it to have someone in the right place.
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  • They had a duty to speak up sooner. And they failed in that duty.
  • These efforts allowed both Trump’s supporters and his critics to comfort themselves with the knowledge that someone, somewhere, was trying to limit the damage to the country. His fans could say, “He’s just inexperienced but he has good people around him,” while the opponents could say, “He’s an execrable moron but reasonable people are in charge, and they’ll save us from the worst.”
  • But the price for this quiet custodianship (a form of opposition to Trump described in detail by Miles Taylor, now known as the author of the famous “Anonymous” op-ed in The New York Times) is that the American people never really knew how much danger they were facing, at home and abroad, at any given moment.
  • Esper, Mattis, Rex Tillerson, and many, many other people who crawled through the Shawshank sewer pipe that was the four years of the Trump administration needed to speak up the minute they were out. Instead, they teased their book bombshells or played coy games of slap and tickle on cable outlets.
  • in the end, they have faith in the system. They see Trump as only one man, and the system as a bulwark of laws and regulations, people and committees, institutions and practices that will somehow kick in and prevent a catastrophe.
  • Governments are more than just large organizations. They are a far more delicate web of norms and habits, and liberal democracies especially are built on informal agreements rather than black-letter law. Yes, we have tons of laws and administrative bumf that complicate our lives, but when it comes to the nature of our democracy, the Constitution manages to do it all in fewer than  5,000 words. Our basic rights as citizens take less than a page. The rest relies on us.
  • And so when you know that the president is unhinged, when you know the country is in danger, when you know that plots are being hatched to subvert the Constitution, you have a duty to speak. This duty supersedes confidentiality, partisanship, or personal loyalty.
  • Think of all the people from whom we don’t have a full account of this mess, who did not speak up even as Trump was running for reelection or inciting an insurrection: Mattis, Tillerson, John Kelly, Robert O’Brien, H. R. McMaster, and many others.
  • These are experienced political figures who know that the public needs to be grabbed by the lapels and made to listen to a compelling story. The too-late book excerpts, along with all the throat clearing, the circumlocutions, the carefully phrased “but I’d still support the nominee” escape hatches don’t cut it.
  • I was in a vulnerable position as a government employee, and from the first time I spoke up, people tried to get me fired from the Naval War College. Even with tenure, I could have been dismissed if I was found to violate the Hatch Act, the law prohibiting on-the-job politicking by federal employees.
  • I called my family together nearly six years ago and said that I could lose my job if I kept writing about Trump. All of them told me to keep writing, and we’d deal with whatever comes.
  • for more than five years, the demands to fire me came so often, as one administrator later told me, that after a while they didn’t even bother to inform me about them anymore.
  • I cannot imagine what it would be like to be burdened with knowing the president was mentally unstable, that he wanted to fire missiles at Mexico, that he was planning to exit NATO, that he wanted to shoot unarmed protesters, that he wanted to invalidate a national election. That is a level of responsibility beyond anything I have ever experienced. This was Night of Camp David stuff, and I’m not sure what I’d have done.
  • But I’m reasonably certain I wouldn’t have kept it to myself until my agent told me I had a deal.
Javier E

Schools to blame for boys idolising Andrew Tate, says sacked teacher | News | The Times - 0 views

  • The rise of the influencer Andrew Tate has vindicated the decision to show Eton College pupils a controversial video on masculinity, according to the master who was sacked for doing so.
  • It also stated that “male aggression is a biological fact” and aired concerns about women competing in sports against transgender women.
  • “I think Tate is a symptom of what’s currently going wrong regarding the teaching of boys in schools,” Knowland said from his home in Stowmarket, Suffolk.
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  • “In a properly functioning education system, that’s giving them really robust messaging about what it means to be a man, they would have antibodies to fight off the sick messaging that Tate is giving. All they see is the guy who’s got a Bugatti and joking about telling women to make him a sandwich.
  • “When teachers try to explain why Tate isn’t someone to look up to, the teenage boys ask them, ‘Well, what colour is your Bugatti?’
  • “The premise needs to be attacked directly, which is that ‘no, money isn’t the main index of masculinity’. Otherwise, we would all just be looking up to gangsters and criminals.”
  • Knowland, who teaches English and has forged a career as an online tutor, was sacked in 2020 after refusing to take down a video he made for his students called The Patriarchy Paradox, which repeated claims that women would revert to a primitive life without men.
  • Knowland believes the issues he was seeking to address in the lecture, which is still on his YouTube channel and has had 255,000 views, have only increased since his sacking.
  • The Teaching Regulation Agency (TRA) decided to take no action against Knowland after an inquiry. Eton College has previously said that the ruling did not undermine its decision to dismiss him.
  • The school reported the lecture to the TRA, which considered charges of undermining tolerance and failing to safeguard students but closed the case with no further action. In a statement, the school said: “This does not mean that Mr Knowland did nothing wrong or that Eton was not entitled to dismiss him.”
  • He added: “I think the most interesting part about the lecture and what resonated with my supporters was my stress on chivalry and the idea that a man’s strength should be put to the service of the weak and his family.
  • “Chivalry is the thing that we’re missing today and it’s become deformed and turned into machismo, which is masculinity without any sense of humility or meekness. I think this is what we need to return to. Some of the problems that Tate is addressing, things like men should be assertive, men should be competitive, men should be strong, etcetera, chivalry agrees with.
  • “But chivalry says, ‘Why do they need to be those things? Because it’s to serve the weak, not themselves.”
  • Knowland, 37, believes that Tate — who rose to infamy last year after videos of his diatribes led to him becoming the world’s most googled person — has tapped into a “malaise” among young men caused by the teaching of boys in schools.
  • As an example, last month Scotland had to pause movement of transgender prisoners after a row over whether a transgender female rapist should be imprisoned with biological women.
  • “For some, even saying that there are biological differences between men and women is offensive. That’s what my lecture said, that men are stronger,” Knowland added. “I don’t think that [women] should [compete in sport against transgender women]. I don’t think it’s safe.
  • The example I gave in the lecture [was] of the transgender fighter who fractured the woman’s skull, and could easily have killed her. I think there are good reasons why sporting bodies are moving towards and in some cases have already decided that there’s not going to be next events like that.”
  • During the Eton furore Simon Henderson, the head master of Eton, was criticised in some quarters for pursuing a “woke” culture at the school and his critics referred to him as “Trendy Hendy”. They pointed to pupils being asked to wear Black Lives Matter waistcoats and decolonising its curriculum as examples of the institution being captured by ideologues.
  • The content Knowland produces on his YouTube channel continues to be controversial. A recent video by the devout Catholic is entitled “Eight facts that killed evolution for me”.
  • “The lecture was addressing some very live issues at the time and it’s only got worse since then,” he said. “Women now feel that they haven’t got safe spaces to get undressed to go to a swimming pool. So those concepts in the lecture were hard hitting and provocative, because these are topics that are big ones that people have strong feelings about.”
  • While Knowland does not agree with the term transgender — “there are only two categories of sex, using the term transgender concedes too much ground” — he is alive to the issue of transphobic bullying. The issue has been in the spotlight this month after Brianna Ghey, a 16-year-old transgender girl, was stabbed to death in a park.
  • “People being subjected to transphobia is terrible,” he said. “People shouldn’t mistreat anybody just because they’ve got a mistaken idea that they are a woman. They need to be treated with compassion, not attacked or bullied.”
  • Knowland’s newfound career as an online tutor, as well as hosting a podcast, has eased some of the pressure he felt after his sacking. He said: “At Eton our family home was a benefit, so that was on my mind when I was leaving. I had to wait a couple of years after leaving to get a home because being self-employed, you have to get all the paperwork to get a mortgage.
  • “I’ve actually had parents get in touch because they supported me over what happened at Eton and wanted me to tutor their children.
  • “Losing my job was concerning but it gave me an insight into what it feels for someone to be cancelled. Fear is such a powerful weapon to stop people believing what they’re passionate about.
  • “People feel they can’t say anything, because consequences are going to be too severe, but now I’ve been through it I’ve actually found it freeing.”
Javier E

College Should Be More Like Prison - WSJ - 0 views

  • Many of us who care deeply about education in the humanities can only feel despair at the state of our institutions of “higher” learning. Enrollment in these subjects is plummeting, and students who take literature and history classes often come in with rudimentary ideas about the disciplines.
  • , Prof. James Shapiro of Columbia said teaching “Middlemarch” to today’s college students is like landing a 747 on a rural airstrip.
  • Technology such as messaging apps, digital crib sheets and ChatGPT, which will write essays on demand, has created a culture of casual cheating.
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  • They tend to read each assignment two or three times before coming to class and take notes as well. Some of them have been incarcerated for 20 or 30 years and have been reading books all that time. They would hold their own in any graduate seminar. That they have had rough experiences out in the real world means they are less liable to fall prey to facile ideologies. A large proportion of them are black and Latino, and while they may not like David Hume’s or Thomas Jefferson’s ideas on race, they want to read those authors anyway. They want, in short, to be a part of the centuries-long conversation that makes up our civilization
  • My students there, enrolled in a for-credit college program, provide a sharp contrast with contemporary undergraduates. These men are highly motivated and hard-working
  • Never have I been more grateful to teach where I do: at a men’s maximum-security priso
  • Best of all from my selfish point of view as an educator, these students have no access to cellphones or the internet
  • they have retained their attention spans, while those of modern college students have been destroyed by their dependence on smartphones
  • My friends who teach at Harvard tell me administrators have advised them to change topics or activities several times in each class meeting because the students simply can’t focus for that long.
  • My students at the prison sit through a 2½-hour class without any loss of focus. They don’t yawn or take bathroom breaks
  • I have taught classes on the Enlightenment, the Renaissance, Romanticism, George Orwell, South Asian fiction. We’ve done seminars on Adam Smith and Alexis de Tocqueville. Together we have read Montaigne, Rousseau, Keats, Erasmus, Locke, Montesquieu, Wollstonecraft, Byron, Goethe, Petrarch, Rabelais, Saadat Hasan Manto, Rohinton Mistry
  • We encourage them to treat different societies in history as experiments in time travel, where they try to understand the mores of particular eras as though from the inside. They are very open to that approach, unlike university students, who tend see the past only as one long undifferentiated era of grievous unenlightenment: not just one damn thing after another, but one damn oppressive thing after another.
  • Like students at elite institutions, most of my incarcerated scholars are politically liberal. Unlike them, many are religious, and that proves surprisingly enriching in studying these authors
  • My hours at the prison are rich in such moments. In many ways, it is the Platonic ideal of teaching, what teaching once was. No faculty meetings, no soul-deadening committee work, no bloated and overbearing administration. No electronics, no students whining about grades.
  • Quite a few of our students are serving life sentences and will never be able to make use of their hard-won college credits
  • No student debt, no ideological intolerance, no religious tests—whoops, I mean mandatory “diversity” statements.
  • And in our courteous, laughter-filled classroom there is none of the “toxic environment” that my friends in the academy complain about, and that I experienced during my own college teaching career.
  • If prison inmates, many of whom have committed violent crimes, can pay close attention for a couple of hours, put aside their political and personal differences, support one another’s academic efforts, write eloquent essays without the aid of technology and get through a school year without cheating, is it too much to ask university students to do the same?
  • Or ask professors to try to create an atmosphere where these habits can prevail
Javier E

Jack Bogle: The Undisputed Champion of the Long Run - WSJ - 0 views

  • Jack Bogle is ready to declare victory. Four decades ago, a mutual-fund industry graybeard warned him that he would “destroy the industry.” Mr. Bogle’s plan was to create a new mutual-fund company owned not by the founding entrepreneur and his partners but by the shareholders of the funds themselves. This would keep overhead low for investors, as would a second part of his plan: an index fund that would mimic the performance of the overall stock market rather than pay genius managers to guess which stocks might go up or down.
  • Not even Warren Buffett has minted more millionaires than Jack Bogle has—and he did so not by helping them get lucky, but by teaching them how to earn the market’s long-run, average return without paying big fees to Wall Street.
  • “When the climate really gets bad, I’m not some statue out there. But when I get knots in my stomach, I say to myself, ‘Reread your books,’ ” he says. Mr. Bogle has written numerous advice books on investing, including 2007’s “The Little Book of Common Sense Investing,” which remains a perennial Amazon best seller—and all of them emphasize not trying to outguess the markets.
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  • Mr. Bogle has some hard news for investors. The basic appeal of index funds—their ability to deliver the market return without shifting an arm and leg to Wall Street’s army of helpers—will only become more important given the decade of depressed returns he sees ahead.
  • Don’t imagine a revisitation of the ’80s or ’90s, when stocks returned 18% a year and investors, after the industry’s rake-off, imagined they “had the greatest manager in the world” because they got 14%. Those planning on a comfy retirement or putting a kid through college will have to save more, work to keep costs low, and—above all—stick to the plan.
  • The mutual-fund industry is slowly liquidating itself—except for Vanguard. Mr. Bogle happily supplies the numbers: During the 12 months that ended May 31, “the fund industry took in $87 billion . . . of which $224 billion came into Vanguard.” In other words, “in the aggregate, our competitors experienced capital outflows of $137 billion.”
  • That said, Mr. Bogle finds today’s stock scene puzzling. Shares are highly priced in historical terms; earnings and economic growth he expects to disappoint for at least the next decade (he sees no point in trying to forecast further). And yet he advises investors to stay invested and weather the storm: “If we’re going to have lower returns, well, the worst thing you can do is reach for more yield. You just have to save more.”
  • He also knows the heartache of having just about everything he has saved tied up in volatile, sometimes irrational markets, especially now. “We’re in a difficult place,” he says. “We live in an extremely risky world—probably more risky than I can recall.”
  • Then why invest at all? Maybe it would be better to sell and stick the cash in a bank or a mattress. “I know of no better way to guarantee you’ll have nothing at the end of the trail,” he responds. “So we know we have to invest. And there’s no better way to invest than a diversified list of stocks and bonds at very low cost.”
  • Mr. Bogle’s own portfolio consists of 50% stocks and 50% bonds, the latter tilted toward short- and medium-term. Keep an eagle eye on costs, he says, in a world where pre-cost returns may be as low as 3% or 4%. Inattentive investors can expect to lose as much as 70% of their profits to “hidden” fund management costs in addition to the “expense ratios” touted in mutual-fund prospectuses. (These hidden costs include things like sales load, transaction costs, idle cash and inefficient taxes.)
  • Mr. Bogle relies on a forecasting model he published 25 years ago, which tells him that investors over the next decade, thanks largely to a reversion to the mean in valuations, will be lucky to clear 2% annually after costs. Yuck.
  • Investing, he says, always is “an act of trust—in the ability of civilization and the U.S. to continue to flourish; in the ability of corporations to continue, through efficiency and entrepreneurship and innovation, to provide substantial returns.” But nothing, not even American greatness, is guaranteed, he adds
  • what he calls the financial buccaneer type, an entrepreneur more interested in milking what’s left of the active-management-fee gravy train than in providing low-cost competition for Vanguard—which means Vanguard’s best days as guardian of America’s nest egg may still lie ahead.
  • the growth of indexing is obviously unwelcome writing on the wall for Wall Street professionals and Vanguard’s profit-making competitors like Fidelity, which have never been able to give heart and soul to low-churn indexing because indexing doesn’t generate large fees for executives and shareholders of management companies.
Javier E

Opinion | Easter Rebukes the Christian Will to Power - The New York Times - 0 views

  • After Jesus’ arrest and show trial, Pontius Pilate, the Roman ruler of Judea, gave the people a fateful choice. It was customary to release a prisoner during Passover, and Pilate offered up Jesus. The crowd wanted someone else. “Release Barabbas to us,” they cried.
  • When I was a kid in Sunday school, no one ever truly explained the significance of the crowd’s choice. It mystified me. Barabbas was always described as a heinous criminal, a murderer or a robber. Thus, the crowd seemed completely irrational, even deranged. Its choice of a common criminal over Christ was incomprehensible.
  • As I grew older, I learned more context. Jesus was not the king the throng expected. He made clear that he was more interested in saving souls than in assuming power. And Barabbas was more than a mere criminal. He was an insurrectionist. The Books of Luke and Mark very clearly state that he participated in a “rebellion.” Those who chose Barabbas didn’t choose a common criminal over Christ. Instead, they chose a man who defied Rome in the way they understood, a mission that Jesus rejected.
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  • The spirit of Barabbas — the desire to seize or retain power, through violence if necessary — has been at war with the spirit of Christ ever since. Two millenniums of church history demonstrate a terrible truth: There was nothing uniquely evil about that ancient crowd. Instead it held up a mirror to our own nature, one that is all too eager to wield the sword, to believe that our own power is a prerequisite to justice.
  • Easter weekend contains more than one example of the spirit of Barabbas. When Christ was arrested, the Apostle Peter — a man who had been by his side for much of his ministry — still could not see the truth. He drew his sword, struck the high priest’s servant, and cut off his ear.
  • Though he was in the midst of an unjust arrest that would prove prelude to an unjust execution, Christ rebuked Peter, saying, “Put your sword back in its place, because all who take up the sword will perish by the sword.” As he reminded Peter, Jesus had the power to call on “legions of angels” to stop the arrest, but he chose not to. His purpose was to go to the cross, and as Jesus told us, that’s our purpose as well.
  • There is a difference between the quest for power and the quest for justice. Believers are required to “act justly.” We should not stand idly by in the face of exploitation or oppression. We do not retreat from the public square. But Christian engagement must be distinctive. It cannot emulate the world’s methods or morality.
  • the example of Jesus dominated the minds of civil rights leaders. “We discussed and debated the teachings of the great teacher, and we would ask questions about what would Jesus do,” said Lewis. “In preparing for the sit-ins, we felt that the message was one of love — the message of love in action: Don’t hate. If someone hits you, don’t strike back. Just turn the other side. Be prepared to forgive.”
  • The spirit of Barabbas was alive and well in the men who trained their fire hoses on peaceful protesters, who loosed dogs on the Black children of Birmingham. They weren’t trying to seize power, but they were trying to maintain it, through violent, lawless means. Their will to power collided with the quest for justice. It is only through God’s grace and the unimaginable courage and persistence of peaceful protesters that justice prevailed, and Jim Crow laws were overturned.
  • The spirit of Barabbas tempts Christians even today. You see it when armed Christians idolize their guns, when angry Christians threaten and attempt to intimidate their political opponents, when fearful Christians adopt the tactics and ethos of Trumpism to preserve their power. The spirit of Barabbas most clearly captured the mob on Jan. 6, when praying Americans participated in an insurrection based on a lie.
  • Christ did not reject earthly rule so that his flawed followers could seize the world’s thrones. His ethos was clear: “You know that the rulers of the gentiles lord it over them, and those in high positions act as tyrants over them. It must not be like that among you. On the contrary, whoever wants to become great among you must be your servant.”
Javier E

Unlimited guilt, hubris, arrogance - and The Tragic Mind | by David Wineberg | The Straight Dope | Jan, 2023 | Medium - 0 views

  • The book is a purge, a catharsis, a way for others to understand and avoid making his big mistake. It focuses on tragedy, not the death of thousands, but the self-discovery by the hero of powerlessness, of fear in place of bold moves, of human failings clouding global accomplishments
  • “Tragedy is not fatalism; nor is it related to the quietism of the Stoics. It is comprehension. By thinking tragically, one is made aware of all of one’s limitations, and thus can act with more effectiveness.”
  • Kaplan discovers that the ancient Greeks and Shakespeare differed in one major way: the Greeks laid all the fault at the feet of the gods. It was the gods’ unchallengeable decisions that led to continual tragedie
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  • In Shakespeare, the fault lies within the mind of the protagonist. A defect of personality and intellect causes not merely disasters, but horrific anguish within the family and the mind (and sometimes the nation)
  • One of the problems according to Kaplan is that current generations of Americans have no experience with war on their own territory, or tyranny, or anarchy. So they have no fear of any of it, and don’t care to be prepared to deal with it. In Kaplan’s terms they have not been trained to think tragically.
  • Today’s pop culture is all about comic book and video game superheroes, not the soul-searching decisions of men facing existential crises. So, few people are prepared to think in those terms. Nor do they see any reason to. Entertainment today is eye-candy, not mind candy.
Javier E

Opinion | Who is FTX founder Sam Bankman-Fried? He's a product of our time. - The Washington Post - 0 views

  • the story of FTX should also trigger some deep soul-searching among the rest of us. In a better world, people would not behave so irresponsibly — but nor would it be possible for someone this stupid to accumulate the kind of money and political influence that accrued to Bankman-Fried.
Javier E

Can things get any worse for Olaf Scholz? | The Spectator - 0 views

  • A survey earlier this month suggested that only a fifth of voters are currently satisfied with the chancellor’s work – the worst result recorded since this type of polling began a quarter of a century ago
  • If they could pick a chancellor from any political party, only 5 per cent said they would choose Scholz.
  • This year has also been a difficult one for Germans.
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  • 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.
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