Quotulatiousness

February 9, 2012

Boardroom quotas are a bad idea

Filed under: Britain, Economics, Government, Politics — Tags: , , , — Nicholas @ 09:05

James Delingpole on the British government’s half-baked notion to introduce quotas for female board members in business:

I love women. Women are great. I’ve married one, I’ve personally bred one and I’ve got lots who are my friends. And after years of close observation, here’s what I’ve concluded: chicks are definitely the superior species. They’re more intuitive, more versatile, more articulate, more competent. Plus, of course, they have breasts.

Given that all this is so, I really don’t understand why David Cameron feels he needs to impose quota systems on boardrooms. Not for the reasons he gives anyway. I could understand it if he said: “Look, I have no shame, no principles, no moral or ideological core in my blubbery, spineless, Heathite body. My Coalition government is run by Lib Dems, a marketing man and focus groups. And what they all tell me is: “Suck up to the female demographic.” So that’s why I’m saying this crap.”

But that’s not what Cameron has said in Stockholm. He’s actually trying to claim that he’s doing it for the good of British business.

    Government figures suggested that Britain’s slow progress was costing the economy more than £40 billion in lost potential each year, roughly equal to the defence budget.

Yeah right. I’m sure there are also “government figures” which suggest that green technologies will create millions of new jobs; “government figures” which suggest wind farms are a vital part of Britain’s energy package; “government figures” which suggest that a 50 per cent upper band tax rate is really healthy business.

Doesn’t make it so, though does it?

Update: Megan Moore says that the tokenism on display in Cameron’s comments “represents the ultimate triumph of style over substance”:

The first and most obvious objection to boardroom quotas is that they don’t actually work. A 2010 study by Amy Dittmar and Kenneth Ahern of the Ross Business School, University of Michigan, found that in Norway, a 10 percent increase in female board members in a company — enforced through a quota introduced in 2003 — caused the value of the company to drop. After all, if quality is no longer the sole criterion for choosing board members, it is highly likely the quality of the board will suffer.

You’d just as easily make a case for boards being required to match the ethnic, racial, religious, and sexual profile of the country: “Oh, sorry, due to the quotas we can’t invite you to join the board unless you’re Irish or Sikh and are either handicapped or left-handed. Bonus points if you’re transgendered.” Rather than emphasizing the needs of the organization — hiring someone who brings skills, talents, or connections that the organization can benefit from — this kind of social engineering only values people for their plumbing or their skin colour, or their sexual lifestyle.

February 8, 2012

Help combat RRSHS (Relative Risk Scary Headline Syndrome)

Filed under: Britain, Bureaucracy, Health, Media — Tags: , , , — Nicholas @ 10:38

Timandra Harkness on the latest “scare the shit out of people with blatant propaganda” campaign in Britain:

To put that another way, the campaign is suggesting that if 48,000 women all drank two large glasses of wine every night (it doesn’t specify for how long — a year, 20 years — this is a health campaign after all, so why would we need to see proper research citations?), then out of those assiduous drinkers an extra two would die in a year because they drank more than the government guidelines suggest.

It’s a classic case of RRSHS — Relative Risk Scary Headline Syndrome. Why bore people with a sober assessment of how likely something is to kill them when you can scream a terrifying figure at them instead? So what if they’re far more likely to die of something else?

And in fact, moderate drinking offers significant protection against heart disease, which kills one in three of us. ‘Apparently, two large glasses of wine, or more, a day could make me half as likely to die from a heart attack’, the plasticine figure could truthfully have said.

RRSHS is a variant of the “science by press release” variant of junk science.

Update: Tim Worstall loses his cool over the statistical lies being bandied around in this particular Nanny campaign:

    Prime Minister David Cameron is known to have sympathy with the idea of minimum pricing, which medics say could save nearly 10,000 lives per year if set at 50p per unit.

Gosh, that’s amazing.

    Alcohol related deaths in the UK rose to 9,031 in 2008, up from 8,724 the previous year.

Rilly? A slight rise in the cost of cheap booze will save more lives per year than are lost to all booze?

Hey, why not put it up to £50 a unit and we’ll all live forever?

Forgive me the crudity but I’ve really had it with cunts lying to get their bandwagons rolling.

And in the comments, “PJH” says:

One wonders, of course, if these figures are created in the same way as alcohol related admissions to hospitals.

“30% of this death was due to alcohol, 10% of that teetotaller’s death was due to alcohol, 14.243245% of that other death…”

February 7, 2012

“London is too big and too anarchic to be seriously pasteurised by the games. It’s so big, so filthy, so nasty that it could probably eat twenty Olympiads for breakfast and spit out the Ferroconcrete bones.”

Filed under: Britain, Media, Politics, Sports — Tags: , — Nicholas @ 00:40

Faye Planer interviews Will Self in Bristol University’s Epigram on his views about the upcoming London Olympic extravaganza:

I hear that you are unenthusiastic about the prospect of the Olympics this summer. In your eyes, what is the greatest folly of this whole affair?
Rather unenthusiastic is putting it waaaaay mildly: I think the Olympics suck dogshit through a straw. People believe they encourage da yoof to take up running, jumping and fainting in coils — but this is nonsense. They’re a boondoggle for politicians and financiers, a further corruption of an already corrupt self-appointed international coterie of Olympian cunts, an excuse for ‘elite’ athletes to fuck each other, snarf steroids and pick up sponsorship deals, and a senseless hitching of infrastructural investment — if there’s any reality to this anyway — to a useless loss-trailing expenditure on starchitectural bollix. The stadia themselves are a folly. The new Westfield is a temple to moribund consumerism — in ten years time they’ll all be cracked and spalled; a Hitlerian mass of post-pomo nonsense.

If the Olympics did not exist, would it be necessary to invent them?
They didn’t exist for thousands of years. The modern Olympics is a fatuous exercise in internationalism through limbering up and then running down to entropy. The modern Olympics have always been a political football — nothing more and nothing less — endlessly traduced and manipulated by the regimes that ‘host’ them. This one is no different, presenting a fine opportunity for the British security state apparatus and its private security firm hangers-on to deploy the mass-suppression and urban paranoiac technologies in the service of export earning. Some peace, some freedom.

[. . .]

‘Really, one may say that the whole Olympic process was a pasteurisation of the city… the microbes disappeared and from a hygienic point of view maybe that was positive, but really what happened is that the variety was destroyed in the process…’ Manuel Vázquez Montalbán said this about the 1992 Barcelona Olympics. Do you believe that London is being pasteurised too?
No, I’m quite confident that London is too big and too anarchic to be seriously pasteurised by the games. It’s so big, so filthy, so nasty that it could probably eat twenty Olympiads for breakfast and spit out the Ferroconcrete bones.

H/T to Charles Stross for the link.

February 6, 2012

The Diamond Jubilee

Filed under: Britain, Cancon, History, Media — Tags: — Nicholas @ 12:07

Paul McMichael Nurse on today’s 60th anniversary of the start of the reign of Queen Elizabeth II.

Today marks the 60th anniversary of Elizabeth II’s accession to the Throne of Great Britain in February of 1952. There can hardly be many heads of state, past or present, who have witnessed so many major events over so long a period. Elizabeth has outlasted 12 British prime ministers, 10 Canadian ones and 11 U.S. presidents. Decolonization, the Cold War, the space race, civil rights for minority groups, various assassinations and international regime changes have all taken place during her reign. From the grim austerity days following the end of the Second World War to the technological wonders of the early 21st century, Elizabeth as princess and queen has seen Britain transform from a quasi-imperial nation to something less than the superpower it was a century ago.

A number of events are planned to celebrate this year’s Diamond Jubilee, capped by a massive flotilla of boats accompanying the queen’s barge up the Thames on June 3. Members of the Royal Family will visit all 15 countries of which the queen is head of state, and Elizabeth herself will travel extensively within the United Kingdom.

Royal jubilees are rare things at the best of times, but none rarer than 60th anniversaries. Over 1,000 years of British monarchy there have been only two Diamond Jubilees, and the last one occurred not in the last century, but the one before, in 1897, when Queen Victoria celebrated her own reign of 60 years. To this day, Victoria remains the longest-serving British monarch on record, ascending the throne on the death of her uncle William IV, in 1837, and seeing Britain grow into the most extensive global empire since Rome.

Update: Even some self-described anti-monarchists think she’s been a fine Queen:

But admiration for the monarch might be unexpected coming from me. After all, I’m a republican.

Heredity is just about the silliest method I can think of for selecting someone to govern a country. Think Kim Jong-Il.

[. . .]

It’s true that bad prime minister, premiers and presidents can stick around long enough to rot in office. But no elected leader gets to stay for 60 years. Democracies may be imperfect, but they are self-correcting in a way hereditary monarchies never can be.

So why such effusive praise for our Queen from such a staunch anti-monarchist? Because Elizabeth has been a remarkable queen, an inspirational queen, steadfast, steady, intelligent, balanced and above reproach. She has seldom, if ever, put a foot wrong. Without her pitch-perfect discharge of her duties, it is entirely possible the British monarchy would have gone the way of other European royalty decades ago.

In short, Elizabeth is the Queen we would have chosen to elect if a campaign were ever held to select our monarch. Heredity may have placed her on the throne, but had voters ever been asked, democracy would have kept here there. I can think of no elected leader who could have acted so impeccably in office to remain popular from 1952 until today. Indeed, if anything, the Queen is more popular today than at any time since the first years after her accession. And it is an earned popularity, a reward for her unwavering commitment to serve her subjects and the people of the Commonwealth.

February 5, 2012

This is where all the manufacturing jobs have gone

Filed under: Britain, Economics, History, Technology — Tags: , , — Nicholas @ 11:44

Jackart explains that they’ve not so much been “outsourced” as they’ve been compressed, optimized, economized, and made more efficient. Fewer workers are now required to produced more things, and this is unequivocally a good thing:

A small cadre of highly skilled professionals do the jobs with enormous machines once done by vast armies of peasant labourers; which is what’s happening to manufacturing. British industrial production is rising barring recessionary glitches, UK industrial production has kept rising for most of the last 100 years. We are still producing lots of things that can be dropped on a foot. It’s just it’s no longer done by the descendants of those peasants who left the land during the industrial revolution to seek work in factories. Those factories still exist, but they employ a small number of highly paid people to operate machines which do the riveting, welding, assembling and polishing. Each machine takes does the job of hundreds of people.

That’s what happened in Agriculture, and is happening in Manufacturing. And THIS IS A GOOD THING. Because all those people not employed in riveting in Tyneside shipyards or Scything Lincolnshire corn fields are employed doing something else for someone else. All that productive labour has been freed, but we’re still getting the food produced, in abundance the Lincolnshire harvestman would have thought impossible.

The majority of Western economies are now services. Even the Germans, who’ve a niche in Machine tools and Automobiles have only 21% of their economy in making things they can drop on their feet.

And this reflects another point. Manufactured products are getting cheaper, so to have material wealth unimaginable to our Lincolnshire harvestman requires far fewer hours of Labour to achieve. Thus cars, the most expensive manufactured products most of us buy, are getting cheaper relative to average earnings, decade by decade. A reliable runaround would have been beyond the means of a WW2 factory worker, but is available to a cleaning lady now. So the same car forms a smaller part of the economy. Having spent less on the car, we can spend more on clothes, shoes, music, computers, kitchen appliances etc, and in so doing provide jobs to people supplying those things. Above all we can pay for people do do things for us – cut our hair, serve us food in restaurants, mediate for us legally, invest our surplus production into other productive activities, heal our illnesses and so on.

[. . .]

The next challenge is to banish stress and misery from our lives. I suspect this will be harder. The only caveat is that I have a great deal more faith in Adam Smith’s “invisible hand” (a much maligned and misunderstood idea) than the idiotic ideas of politicians. Politicians still seem to think manufacturing jobs are special, which suggests they don’t understand why we’re rich. The only limitless resource is man’s ingenuity. Markets aren’t an ideology, they’re simply what works in the absence of one, by deploying that one limitless resource to everyone’s benefit.

February 4, 2012

In praise of Her Majesty the Queen

Filed under: Britain, Cancon, History, Media — Tags: , , , — Nicholas @ 11:33

Conrad Black goes full monarch in his latest column:

The Queen has an outstanding record of absolutely unblemished service, through tumultuous changes and always having to endure suggestions of impending obsolescence — not just of the monarchy itself, but of its various separate functions, especially the ambiguous positions of head of the Commonwealth and supreme governor of the Church of England.

The 1950s were a constant round of independence ceremonies, mainly for countries that had a very rocky start and little aptitude for premature emancipation from unfashionable colonials status. This made for ever larger and more incongruous Commonwealth meetings, as the shared British traditions that supposedly united the “British Dominions, realms and territories beyond the seas” frayed and became always more threadbare except, perhaps, among the former so-called “white Dominions.”

In this present time of glaring, intrusive, nasty media, it is hard to imagine the proportions of the Queen’s achievement in serving 60 years, every one of them as one of the most prominent and publicized people in the world, without one gaffe, one embarrassing photograph, one injudicious utterance or slip on a banana peel, literal or metaphoric.

[. . .]

Queen Elizabeth II has personified the British middle-class virtues: moderation, unflamboyant consistency and unflappable reliability. It hasn’t always been exciting, and in satirical magazines such as Private Eye and on the BBC, she has paid a price for that and was lampooned for decades for stiff formality and stilted phrases — “My husband and I,” etc.

February 1, 2012

The “Iron Lady” was not good for women

Filed under: Britain, Government, History — Tags: , , , — Nicholas @ 11:06

Barbara Kay on the “failings” of Margaret Thatcher (that is, not advancing the cause of women in a way that organized feminists would have preferred):

The “Iron Lady” is, of course, not only a sobriquet for Margaret Thatcher, but the title of the wonderful new Meryl Streep biopic about the former British PM. Bagnall’s predictable answer is that no, Thatcher was not good for women: “She did not pave the way for other women, as they had every right to expect her to, since she was one of them.”

Bagnall’s stated beefs are that Thatcher urged women to leave the workforce, and only nominated one woman to her cabinet. Well, so did unions of that era ask women to leave the workforce — to open up more jobs for men. And Thatcher’s appointments were based on who was good for Britain, not who was good for women.

Politically, Thatcher despised tokenism (“I owe nothing to women’s lib,” she once said), but it is true that personally she preferred men to women. This was made clear in the film by the non-judgmental tenderness the older widowed Thatcher lavishes on her negligent son (who rarely visited, but inconsiderately telephones her from South Africa at 3 a.m. English time) and the casual verbal cruelties Thatcher tosses at her attentive, under-appreciated daughter.

I think it’s Thatcher’s lack of fellow feeling for women that’s really bugging Bagnall and other feminists. How could Thatcher not like women if she was “one of them”?

I daresay it’s for the same reason most of us hold prejudices about the opposite sex. I don’t think most gender antipathy is rooted in doctrine; I think we drift toward doctrines that confirm our lived experiences. So in spite of (fictional) Thatcher’s protestations to the doctor attending her in her old age that she prefers “thoughts” to “feelings,” Thatcher’s bias toward men sprang directly from her lived experiences and the feelings they engendered (pun intended).

January 30, 2012

The battle of the stereotypes over the “Page 3 girls”

Filed under: Britain, Liberty, Media — Tags: , , — Nicholas @ 10:01

In spiked, Gabrielle Shiner explains that she doesn’t want or need the “Turn Your Back on Page 3″ campaigners to pre-select what she’s allowed to see in the newspaper:

With the Leveson Inquiry currently insisting that the press bares all, campaign groups such as Turn Your Back on Page 3 have spotted an opportunity to force the tabloid’s topless ladies to cover themselves up. And all in the name of protecting girls like me from being terrorised by tits.

The campaign to get bare chests banned is certainly not short of grand claims. Apparently, Page 3 and its like perpetuate sexism by, ‘at best, encouraging and endorsing negative attitudes towards us and within us, and at worst, [encouraging and endorsing] acts of violence committed against us’. According to campaigners, the government therefore has a responsibility to satiate these campaigners’ appetite for paternalism, which they believe equates to ‘stamping out sexism once and for all’.

The Turn Your Back on Page 3 campaigners are right about one thing: an offensive misrepresentation of women exists in society. But it is this group of self-appointed saviours that has offended. The group parades itself as representative of women in order to justify forcing its views on the public. But if these supposed advocates of women’s rights were serious about liberties, they would not condone such bans.

And it is not just that the campaigners are unjustified in speaking on behalf of women — they have also misrepresented women and men. These campaigners present women as pitiful animals teeming with self-loathing. Men are depicted as uncontrollable beasts who are so mesmerised by the breasts on Page 3 that these images, at best, define their perception of women for evermore and, at worst, turn them to violence.

January 29, 2012

Step aside, Ottawa: London may have “Frost Fairs” on the Thames in future

Filed under: Britain, Environment, Europe, History — Tags: , , — Nicholas @ 11:48

The Thames River used to freeze over solidly enough that temporary buildings could be erected on the ice. Northern Europe may be facing those kinds of cold winter temperatures in the future:

The supposed ‘consensus’ on man-made global warming is facing an inconvenient challenge after the release of new temperature data showing the planet has not warmed for the past 15 years.

The figures suggest that we could even be heading for a mini ice age to rival the 70-year temperature drop that saw frost fairs held on the Thames in the 17th Century.

Based on readings from more than 30,000 measuring stations, the data was issued last week without fanfare by the Met Office and the University of East Anglia Climatic Research Unit. It confirms that the rising trend in world temperatures ended in 1997.

Meanwhile, leading climate scientists yesterday told The Mail on Sunday that, after emitting unusually high levels of energy throughout the 20th Century, the sun is now heading towards a ‘grand minimum’ in its output, threatening cold summers, bitter winters and a shortening of the season available for growing food.

January 28, 2012

Deirde McCloskey on the “Bourgeois Virtues” that sparked the modern world

Filed under: Britain, Economics, History, Liberty, Media — Tags: , , , , — Nicholas @ 00:08

Writing in the Wall Street Journal, Dalibor Rohac reviews some of the key arguments in McCloskey’s recent book Bourgeois Dignity: Why Economics Can’t Explain the Modern World (which I’m currently reading — and very impressed with).

Unlike “Bourgeois Virtues,” “Bourgeois Dignity” makes a historical argument. Modern economic growth, she claims, is a result of an ideological and rhetorical transformation. In the Elizabethan period, business was sneered upon. In Shakespeare’s plays, the only major bourgeois character, Antonio, is a fool because of his affection for Bassanio. There is no need to dwell on how the other bourgeois character in “The Merchant of Venice,” Shylock, is characterized.

She contrasts this with attitudes 200 years later. When James Watt died in 1819, a statue of him was erected in Westminster Abbey and later moved to St. Paul’s cathedral. This would have been unthinkable two centuries earlier. In Ms. McCloskey’s view, this shift in perceptions was central to the economic take-off of the West. “A bourgeois deal was agreed upon,” she says. “You let me engage in innovation and creative destruction, and I will make you rich.” A commercial class that was not ostracized or sneered at was thus able to activate the engine of modern economic growth.

Ms. McCloskey insists that alternative explanations for the Industrial Revolution fail, for a variety of reasons. Property rights, she says, could not have been the principal cause because England and many other societies had stable and secure property rights for a long time. Similarly, Atlantic trade and plundering of the colonies were too insignificant in revenue to have made the real difference. There had long been much more trade in the Indian Ocean than in the Atlantic, moreover, and China or India had never experienced an industrial revolution.

By elimination, Ms. McCloskey concludes that culture and rhetoric are the only factors that can account for economic change of the magnitude we have seen in the developed world in past 250 years.

January 26, 2012

The Crazy Years: today’s exhibit – the junction between bad parenting and bad nutrition

Filed under: Britain, Health, Randomness — Tags: , , — Nicholas @ 11:21

May we present Stacey Irvine, 17, the new poster girl for neglectful parenting and test case for even more Nanny State intervention:

A teenage girl who has eaten almost nothing else apart from chicken nuggets for 15 years has been warned by doctors that the junk food is killing her.

Stacey Irvine, 17, has been hooked on the treats since her mother bought her some at a McDonald’s restaurant when she was two.

[. . .]

Miss Irvine, who has never eaten fruit or vegetables, had swollen veins in her tongue and was found to have anaemia.

[. . .]

Her exasperated mother Evonne Irvine, 39, who is battling to get her daughter seen by a specialist, told the newspaper: ‘It breaks my heart to see her eating those damned nuggets.

‘She’s been told in no uncertain terms that she’ll die if she carries on like this. But she says she can’t eat anything else.’

She once tried starving her daughter in a bid to get her to eat more nutritious food – but did not have any success.

Miss Irvine, whose only other variation in her diet is the occasional slice of toast for breakfast and crisps, said that once she tried nuggets she ‘loved them so much they were all I would eat’.

Of course, this is reported in the Daily Mail, so the story’s relationship with reality may be a bit looser than one might hope.

January 24, 2012

Scottish Americans: nostalgia compounded of Braveheart, whisky tours, and castles

Filed under: Britain, Media, Politics, USA — Tags: , , , , — Nicholas @ 09:35

The BBC looks at the views of Scotland held by Scottish Americans:

It’s the time of year when Americans everywhere get in touch with their Scottish roots, however tangled and distant they might be, as they celebrate Burns Night.

The concept of Scottish identity has recently been invigorated as plans for a referendum on independence take shape in Holyrood. So what do Americans with Caledonian ancestry make of the debate?

[. . .]

Their vision of Scotland is mostly taken from movies like Braveheart, Mel Gibson’s 1995 tale of Scottish rebel William Wallace, who leads an uprising against an English tyrant, says Mr Forbes.

Few have any idea what modern Scotland is like, he adds, and if they do it will have been picked up from dark and twisted tales like Trainspotting or Shallow Grave.

“There are elements of truth in what people believe the whole of Scotland to be but it is not the whole truth. If you look at the marketing of Scotland, you see these broad mountainous vistas, these sparkling lakes, these old castles.

“They don’t talk about the Silicon Glen, they don’t talk about the industry around the northern oil fields.”

[. . .]

Members of a Gaelic speaking society are, apparently, still smarting after their inquiries about promoting the language in Scotland were batted away by Scottish government officials, who told them that more people speak Farsi than Gaelic in modern Scotland.

John King Bellassai, former president of the DC St Andrews Society, says Scottish Americans tend to let romance cloud their judgement when it comes to an independent Scotland

January 23, 2012

Richard Branson: End the war on drugs

Filed under: Britain, Health, Law, Liberty — Tags: , , , — Nicholas @ 10:21

In advance of appearing before the Home Affairs Select Committee’s inquiry into drug policy, Richard Branson expresses his anti-prohibition views in the Telegraph:

Just as prohibition of alcohol failed in the United States in the 1920s, the war on drugs has failed globally. Over the past 50 years, more than $1 trillion has been spent fighting this battle, and all we have to show for it is increased drug use, overflowing jails, billions of pounds and dollars of taxpayers’ money wasted, and thriving crime syndicates. It is time for a new approach.

Too many of our leaders worldwide are ignoring policy reforms that could rapidly reduce violence and organised crime, cut down on theft, improve public health and reduce the use of illicit drugs. They are failing to act because the reforms that are needed centre on decriminalising drug use and treating it as a health problem. They are scared to take a stand that might seem “soft”.

But exploring ways to decriminalise drugs is anything but soft. It would free up crime-fighting resources to go after violent organised crime, and get more people the help they need to get off drugs. It’s time to get tough on misguided policies and end the war on drugs.

[. . .]

Drugs are dangerous and ruin lives. They need to be regulated. But we should work to reduce the crime, health and social problems associated with drug markets in whatever way is most effective. Broad criminalisation should end; new policy options should be explored and evaluated; drug users in need should get treatment; young people should be dissuaded from drug use via education; and violent criminals should be the target of law enforcement. We should stop ineffective initiatives like arresting and punishing citizens who have addiction problems.

The next step is simple: countries should be encouraged to experiment with new policies. We have models to follow. In Switzerland, the authorities employed a host of harm-reduction therapies, and successfully disrupted the criminal drug market. In Portugal, decriminalisation for users of all drugs 10 years ago led to a significant reduction in heroin use and decreased levels of property crime, HIV infection and violence. Replacing incarceration with therapy also helped create safer communities and saved the country money — since prison is far more expensive than treatment. Following examples such as these and embracing a regulated drugs market that is tightly controlled and complemented by treatment — not incarceration — for those with drug problems will cost taxpayers a lot less.

Raising the wreck of the earlier HMS Victory

Filed under: Britain, History, Military — Tags: , , , — Nicholas @ 00:01

The famous British warship HMS Victory preserved in Portsmouth was built to replace an earlier ship lost in a storm in 1744:

The remains of a 300-year-old warship are to be raised from the sea bed, according to reports.

The wreck of HMS Victory, a predecessor of Nelson’s famous flagship, was found near the Channel Islands in 2008.

The British warship, which went down in a storm in 1744 killing more than 1,000 sailors, could contain gold coins worth an estimated £500m.

The Sunday Times says the Maritime Heritage Foundation is set to manage the wreck’s raising.

It also reports that the charity will employ Odyssey Marine Exploration to carry out the recovery.

The American company found the ship four years ago, with the ship’s identity confirmed by a bronze cannon.

January 22, 2012

The real story of The King’s Speech

Filed under: Britain, Economics, History, Media — Tags: , , — Nicholas @ 12:13

I was going to just tack this on as an update to the last entry (as it’s the same author and a kinda-sorta similar topic), but it deserves to be in its own post. Colby Cosh on the historical reality behind the movie The King’s Speech:

I got the book The King’s Speech for Christmas and just finished it; in the very wide field of “slender material adapted into a thrilling hit movie, on whose strength it is then flogged”, it must be some kind of record-breaker. I enjoyed the book, as a reader with about a degree-and-a-half in European history and a keen interest in the pre-war period, but I do not have the creative imagination to have imagined it as fodder for Hollywood. The plain fact is that Lionel Logue scored his big breakthrough in treating the Duke of York (the future King George VI) very quickly, taking a matter of literally a few weeks in late 1926 to help him overcome his stammer and to raise his oratorical abilities to a standard of adequacy. After that time, Logue was consulted very occasionally, serving the King as a sort of good-luck totem on major occasions like the Coronation.

The men obviously got on well, and for decades His Majesty treated Logue with a touching solicitude. Logue’s life was otherwise uneventful. As even the most unschooled reader must have intuited, most of the stuff of the movie — the shouting match in the street, the poignant reconciliation, the surprise royal visit to Logue’s home — is a fairy tale.

But it’s a rare article by Colby that doesn’t include a juicy bit of economics:

It was only with the return of Australian soldiers from the First World War that Logue’s calling as an elocution teacher began to tilt, almost imperceptibly, toward the bailiwick of medicine. Like chiropractors of today, he was ostensibly able to assist some afflicted people for whom scientifically validated medical care cannot do much good. His looks, along with a bit of actor’s training, must have helped a great deal.

(Incidentally, after Logue climbed to the top of the new discipline with royal help, he shrewdly pulled the ladder up after himself, employing George VI in an effort to establish standards and licensing criteria he could never himself have met when he was starting out. Public-choice economists will find this a textbook example of how health cartels establish “restricted entry” barriers.)

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