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Obsessed by the Present, Who's Got Time for Old Masters? - The New York Times - 0 views

  • Experts say that younger collectors often regard art from the distant past as remote and irrelevant, and find the technical aspects of a sale off-putting. “Old masters are difficult to approach because of the problem of condition and attribution,” Turquin said. Today’s buyers tend to be interested in paintings by artists who are under 45 0c, not over 400.
  • The fixation with “the Now” (as Sotheby’s calls its most of-the-moment auction category) could be viewed as just a byproduct of fashionable 21st-century life. But for sociologists, changes in the art market are one of the many elements that reflect how the pace and preoccupations of our culture have altered over more than 100 years. In 1899, Thorstein Veblen’s landmark socio-economic study, “The Theory of the Leisure Class,” showed how free time and superfluity — what we now call luxury — conferred status, or “reputability,” on the wealthiest individuals in late 19th-century America.
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France Faces 'Most Severe' Drought as Heat Persists in Europe - The New York Times - 0 views

  • Heat waves in Europe are increasing in frequency and intensity at a faster rate than almost any other part of the planet, according to scientists, who say that global warming and other factors like the circulation of the atmosphere and the ocean all play a role.
  • In Germany, more than 100 firefighters battled flames that engulfed parts of Grunewald, a forest in the west of Berlin, after munitions and fireworks exploded at the city’s bomb disposal site on Thursday morning.
  • The drought has been particularly devastating for European agriculture, which was already suffering from an abnormally dry spring season, parching crops, making it harder to feed livestock and raising worries about reduced harvests.
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  • n Germany, the Rhine — the country’s most important water transport route — was so low that some ships have been forced to reduce their cargo loads. Uniper, a German power utility, even announced Thursday that it would reduce output from its largest coal-firing power plants because insufficient coal could be shipped to the plant via the Rhine.
  • And in France, which gets about 70 percent of its electricity from nuclear energy, heat waves have hampered power plants because they use water to cool their reactors. Several have been forced to reduce production over the past month, or to exceed normal temperature limits for the water that they release back into natural waterways.
  • “Because of climate change,” he said, “we are going to have to get used to these kinds of episodes.”
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Elon Musk Tweets About How to End the War in Ukraine - The New York Times - 0 views

  • Elon Musk, Tesla’s chief executive, waded into geopolitical waters on Monday with his own proposal for a peace deal to end Russia’s war in Ukraine, prompting a swift and dismissive response from President Volodymyr Zelensky of Ukraine.
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How a Scottish Moral Philosopher Got Elon Musk's Number - The New York Times - 0 views

  • a Scottish moral philosopher.The philosopher, William MacAskill,
  • his latest book, “What We Owe the Future,” became a best seller after it was published in August.
  • His rising profile parallels the worldwide growth of the giving community he helped found, effective altruism. Once a niche pursuit for earnest vegans and volunteer kidney donors who lived frugally so that they would have more money to give away for cheap medical interventions in developing countries, it has emerged as a significant force in philanthropy, especially in millennial and Gen-Z giving.
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  • In a few short years, effective altruism has become the giving philosophy for many Silicon Valley programmers, hedge funders and even tech billionaires. That includes not just Mr. Bankman-Fried but also the Facebook and Asana co-founder Dustin Moskovitz and his wife, Cari Tuna, who are devoting much of their fortune to the cause.
  • “If I can help encourage people who do have enormous resources to not buy yachts and instead put that money toward pandemic preparedness and A.I. safety and bed nets and animal welfare that’s just like a really good thing to do,” Mr. MacAskill said.
  • Mr. Musk has not officially joined the movement but he and Mr. MacAskill have known each other since 2015, when they met at an effective altruism conference. Mr. Musk has also said on Twitter that Mr. MacAskill’s giving philosophy is similar to his own.
  • Mr. MacAskill was one of the founders of the group Giving What We Can, started at Oxford in 2009. Members promised to give away at least 10 percent of what they earned to the most cost-effective charities possible.
  • If the movement has an ur-text, it is the Australian philosopher Peter Singer’s article, “Famine, Affluence and Morality,” published in 1972. The essay, which argued that there was no difference morally between the obligation to help a person dying on the street in front of your house and the obligation to help people who were dying elsewhere in the world, emerged as a kind of “sleeper hit” for young people in the past two decades,
  • Traditionally, effective altruism was focused on finding the lowest-cost interventions that did the most good. The classic example is insecticide-treated bed nets to prevent mosquitoes from giving people malaria.
  • Mr. MacAskill argues that people living today have a responsibility not just to people halfway around the world but also those in future generations.
  • The rise of this kind of thinking, known as longtermism, has meant the Effective Altruists are increasingly associated with causes that have the ring of science fiction to them — like preventing artificial intelligence from running amok or sending people to distant planets to increase our chances of survival as a species
  • The two men first met in 2012, when Mr. Bankman-Fried was a student at M.I.T. with an interest in utilitarian philosophy.
  • Over lunch, Mr. Bankman-Fried said that he was interested in working on issues related to animal welfare. Mr. MacAskill suggested that he might do more good by entering a high-earning field and donating money to the cause than by working for it directly.
  • Mr. Bankman-Fried contacted the Humane League and other charities, asking if they would prefer his time or donations based on his expected earnings if he went to work in tech or finance. They opted for the money, and he embarked on a remunerative career, eventually founding the cryptocurrency exchange FTX in 2019.
  • Bloomberg recently estimated that Mr. Bankman-Fried was worth $10.5 billion, even after the recent crash in crypto prices. That puts Mr. Bankman-Fried in the unusual position of having earned his enormous fortune on behalf of the effective altruism cause, rather than making the money and then searching for a sense of purpose in donating it.
  • Mr. Bankman-Fried said he expected to give away the bulk of his fortune in the next 10 to 20 years.
  • Mr. Moskovitz and Ms. Tuna’s net worth is estimated at $12.7 billion. They founded their own group, Good Ventures, in 2011. The group said it had given $1.96 billion in donations
  • Those two enormous fortunes, along with giving by scores of highly paid engineers at tech companies, mean the community is exceptionally well funded.
  • Mr. MacAskill said that he got to know Mr. Musk better through Igor Kurganov, a professional poker player and effective altruist, who briefly advised Mr. Musk on philanthropy.
  • In August, Mr. Musk retweeted Mr. MacAskill’s book announcement to his 108 million followers with the observation: “Worth reading. This is a close match for my philosophy.” Yet instead of wholeheartedly embracing that endorsement as many would, Mr. MacAskill posted a typically earnest and detailed thread in response about some of the places he agreed — and many areas where he disagreed — with Mr. Musk. (They did not see eye to eye on near-term space settlement, for one.)
  • Mr. MacAskill accepts responsibility for what he calls misconceptions about the community. “I take a significant amount of blame,” he said, “for being a philosopher who was unprepared for this amount of media attention.”
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Opinion | Liz Truss in the Libertarian Wilderness - The New York Times - 0 views

  • the British economist Simon Wren-Lewis argues persuasively that financial markets were responding in large part to increased uncertainty, which was in turn largely a reflection of political uncertainty. The Truss economic plan was obviously unsustainable politically, but it wasn’t clear what would come next.
  • the political point is clear. Truss staked out a political position that, to a first approximation, has no public support either in Britain or in the United States. So failure was inevitable.
  • A 2017 paper by the political scientist Lee Drutman mapped out the distribution of U.S. voters on these axes; it’s unlikely to have changed much since. (And the distribution of British voters seems similar.) His picture looked like this:
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  • the quadrant representing a combination of social liberalism and economic conservatism — what you might call the libertarian position — is largely empty.
  • you can see that most voters like government benefits, a lot. Opposition to social spending comes mainly from voters who believe that spending goes to the wrong people — people who don’t look like them.
  • Liz Truss is squarely in the libertarian box. She didn’t make appeals to anti-immigrant, anti-woke sentiment; she did advocate what one analysis assessed as the most conservative economic position of any party in the developed world. So she placed herself in the political wilderness, a barren quadrant where few voters may be found.
  • In America, the positions of the two parties are clear. Democrats are in the southwest quadrant, both socially and economically liberal, while Republicans are socially and economically conservative.
  • There are, however, many voters who are economically relatively liberal and socially illiberal — who hate wokeness and fear immigrants but want to maintain and even expand Social Security and Medicare, at least for people they see as “real” Americans. Such voters do have political champions in other countries: France’s National Rally, formerly the National Front
  • even as we marvel at Truss’s political obtuseness, we should ask what it is about the United States that prevents the emergence of anyone catering to a large bloc of voters who want the nastiness of MAGA without the right-wing economics.
  • Politics in the modern West tends to be more or less two-dimensional. One dimension is the left-right divide in economic policy, between those who favor high taxes on the rich and large social benefits and those who want low taxes and small government
  • The other dimension is the divide over social issues, between those who favor policies promoting racial equality and gay rights and those who bitterly oppose anything they consider “woke.”
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