@baroninvestment The Wager by David Grann is something a bit different and you can get through it quickly (the length of a long-haul flight at least!). Scorsese and DiCaprio have acquired the rights to adapt for film
Don’t focus on tuition fees, focus on the 37% marginal rate paid by graduates earning £27k and the 57% rate paid by those earning £50k (plus interest).
My personal take is that it's crystal clear that China is now the foremost scientific power in the world, and it's only the beginning.
We often hear the expression "x is not 10 foot tall". Well, China actually IS 10 foot tall: they've achieved all of this in one generation and they're literally just getting started. In July they'll hold the Third Plenum to decide on the country's direction for the next 10 years and everything points to the fact that they'll double down on science and technology. This means we might be looking at a future where China's scientific prowess exceeds the rest of the world, combined.
So at this stage the West has 2 options.
The "Qing dynasty" option, rooted in arrogance, fear and paranoia where it seeks to decouple and insulate itself from Chinese science and technology, which is what China's Qing dynasty did at a time when the West's scientific and technological might exceeded the rest of the world combined. How did that work out? China rapidly fell behind and thereby followed its "century of humiliation". Worryingly, this seems to be the current path followed by the US...
The "swallow our pride" option, where the West instead of demonizing China, refusing to understand it and learn from it instead does enormous work on itself to understand the country with intellectual honesty and to keep pace with its progress. For instance it is absolutely amazing to me that there are more people learning Korean and Japanese than Chinese (https://t.co/B1ZgUjJReY), which makes just about zero sense... Also amazing is the fact that the US State Department currently has level 3 "reconsider travel" advisory on China (https://t.co/SpKG274hrj), literally telling its citizens not to travel there, even though it's far and away one of the safest countries in the world to travel to (when you look at facts instead of propaganda)...
I strongly suspect they'll do the former, and that this will be one of the most consequential disastrous decisions of this century. But there's still time to come to our senses...
A litany of broken promises and abject failure. Voters surely cannot have any faith in whatever promises are made to persuade them. How can the Conservatives be trusted with government again until there is comprehensive change?
@hardestgeezer How will the Iveco traverse the desert sands? Also what's for dinner tonight!? Keep smashing it, great story and inspiring to us all back home
People talk about a cost of living crisis. Important to be clear the U.K. levies 52.95p tax per litre of petrol, plus VAT plus 65% tax on oil profits. So 70%+ of the cost of fuel is tax. Perhaps we have a taxation crisis?
Here's why more than 90% of @neunion teachers voted to strike, and why there are such desperate shortages of teachers in important subjects. At the end of the Labour government in 2008/9, teachers were paid 1.67 times the national average salary. Today they are paid 1.41 times...
Maxi Jazz 1957 - 2022. We are heartbroken to share that Maxi died peacefully in his sleep last night. Sending love to all of you who shared our musical journey. Look after each other y’hear. 🙏💔
NEW:
Britain’s grim winter of strikes, falling incomes and a worsening NHS crisis is not some unfortunate series of events
It’s the inevitable result of a decade of Tory austerity that steadily weakened the state’s capacity to respond to shocks
https://t.co/xJcNiCJk2b
Thread:
A reminder that the fundamental problem of the UK economy, predating Brexit & Covid, remains the collapse in productivity growth since the global financial crisis.
This underlies stagnant wage growth, struggles to fund public services adequately, & arguably our sour politics
Incredibly damning. This isn’t some Labour hack..this is Peter bloody Hennessy, our foremost constitutional scholar and man who understands Whitehall’s workings as well as anyone