Showing posts with label The Economist. Show all posts
Showing posts with label The Economist. Show all posts

10 January 2015

The Economist and Tony Blair

While I was writing the New Year’s Day post here about other people’s predictions over the previous 12 months, I found I needed to add an extra one from Tony Blair. It had appeared in The Economist (dated 3 January 2015 but on the streets by the end of 2014) and had been heralded by a tweet on 30 December from the magazine’s public policy and education editor, Anne McElvoy:



Blair’s office next day tweeted that his “remarks had been mis-interpreted”. The story caused a bit of a flurry
in the mainstream media but was forgotten by the start of the New Year, as was, as far as I can tell, the linkage between this article and a three-page feature, The Loneliness of Tony Blair, in the previous edition of The Economist on 20 December, their Christmas double issue. Sub-headed Celebrated abroad and reviled at home, the former prime minister struggles to fulfil his ambitions and continuing in the same vein, the writer wasn’t much swayed by considerations of seasonal goodwill (right), as this passage reveals:
… Earlier this year, in an episode that brought joy to the British press, Rupert Murdoch ended his longstanding relationship with the former prime minister over suspicions that he had had an affair with Wendi Deng, then Mr Murdoch's wife. According to sources at NewsCorp, Mr Murdoch pressed the "mute" button during a confrontational phone call, informed colleagues that he was getting "politicians' answers" to his questions, and has never spoken to Mr Blair (who is godfather to one of the couple's children) since. 
Mr Blair roundly denies any impropriety. Asked whether he was (at least) careless about his reputation, he says calmly that it is "not something I will ever talk about-I haven't and I won't", and then bangs his coffee cup so loudly into its saucer that it spills and everyone in the room jumps. But did he find himself in a tangle over his friendship with Ms Deng? A large, dark pool of sweat has suddenly appeared under his armpit, spreading across an expensive blue shirt.
As is The Economist’s practice, there was no by-line. However, Anne McElvoy was the author of a Mail on Sunday report on 21 December, given the succinct title, Why I asked Tony Blair the truth about him and Wendi Murdoch, by journalist who made former Prime Minister sweat in interview for The Economist magazine, in which she explained that she had “interviewed him twice recently on a wide range of subjects for The Economist”. Curiously, the MoS piece was rather more sympathetic to Blair than The Economist’s – compare the conclusions, MoS first:
I suspect that, for all the global glamour, commercial success and boundless self-belief, the most successful ex-Labour leader would like more credit and esteem at home. There is a frustration, even a loneliness about him, which cannot be dealt with by accumulating ever more clients and good causes. Next year, the Chilcot Inquiry will be critical of his handling of the Iraq War – but will also present him with a chance to talk about his mistakes as well as his achievements. He does not need to recant on his world-view, but he should show more openness about his failings and some regret for them. Most of all, Mr Blair needs to deal with a weakness which has come to haunt him in public and private life – he needs to talk straight.
Whereas in The Economist:
Because it is so important to Mr Blair to be right, he cannot admit to failings over the war in Iraq. Yet until he does so, people will continue to mistrust him. That is a shame, for his mission to fight against fundamentalism needs all the resources and energy it can get. He has considerable talents, which he is prepared to devote to his cause … Yet the main asset that any former politician has is moral sway, and because Mr Blair has forfeited so much trust, he has far less credibility than he should have. Some contrition or regret among those ironclad certainties would serve him and his cause better. The late Mo Mowlam, an outspoken minister in the Blair government, was on to something when she observed early in his reign that "the trouble with Tony is that he "thinks he's fucking Jesus." Mr Blair has plenty of the Messiah's self-belief and sense of mission. He could do with a dash of his humility as well.
Again, the MoS’s opening was:
Tony Blair is one of the great alpha politicians this country has produced: a conviction politician who is not afraid to take on big and contentious issues and does not mind a challenge. Yet he remains a puzzle – even to those of us sympathetic to his deft repositioning of the Labour Party, his reformist outlook on public services and his now-unfashionable commitment to Britain’s role in some of the most difficult issues the world faces: notably the rise of Islamic fundamentalism and its remedies.
I used to read The Economist regularly, but now find a print copy at £5 off-puttingly expensive . Their subscriptions are touted as offering big savings, but in terms of copies properly read, allowing for holidays and such and the occasional dull issue, are unlikely in real terms to be that much cheaper. The price of a digital only subscription seems far too high given the marginal cost of its provision. But it might not just be a question of economics. There are few, if any, areas of human knowledge that The Economist isn’t prepared to expound on in a confident style. But on those occasions when the subject was something I actually had some expertise in, I didn’t always find it particularly convincing or quite as well-informed as it would like its readership to think. In this ever more complex world where most of those who can afford to read The Economist are likely to be one kind of knowledge worker or another, perhaps “a dash of humility” would be appropriate.

There were rumours last year that Pearson’s 50% stake in the Economist Group is going to be put up for sale, for example in the Daily Mail on 28 October which also pointed out that “The Economist's annual report shows revenues and profits have been falling since 2012.” Roy Greenslade in the Guardian was sceptical. Since then, The Economist’s chief editor, John Micklethwait, has been recruited by Bloomberg News, his replacement to be announced shortly. I would be surprised if the new editor (or any new owner of the Pearson stake) turns out to be a Blair admirer.



1 January 2015

New Year Predictions 2015

At the start of the year I post not my predictions but some of those which people have come out with in the previous 12 months (January 2014’s are here). This time we are weeks from the UK 2015 election, the outcome of which is currently looking uncertain. One of the first people to point out just how uncertain was the pollster, Peter Kellner, in a post on the YouGov website, Ukip, the SNP and the risks of parliamentary paralysis. He explained:
In recent months it has looked unlikely that either Labour or the Conservatives would win an overall majority next year. There is now a real chance that neither will have a secure majority, even in coalition with the Liberal Democrats. 
… In order for us to be certain that a viable two-party coalition with the Lib Dems is available to at least one of the two main parties, the number of Lib Dem MPs must exceed the total of the other minority parties. 
… the decline in Lib Dem support could leave them with fewer MPs than the combined ranks of the ‘other’ minority party MPs. If that happens there is a real possibility that the parliamentary politics of the House of Commons will be exceedingly messy.
Tony Blair, according to the Daily Telegraph on 25 October, thought otherwise:
The Conservatives will win the next general election because of Ed Miliband’s failure to connect with voters, Tony Blair has said. David Cameron will remain in power next year because Labour has not persuaded Britain it is ready to govern, the former Labour prime minister has apparently told friends. Mr Blair’s verdict on Mr Miliband follows criticism of the Labour leader’s performance from several MPs and will increase concern within the party about his ability to win in May. Mr Blair’s apparent prediction was made in a private conversation with long-standing political allies earlier this month. The Telegraph has been given an account of that conversation by one person who was present. 
“The Conservatives will be the next government because Labour has failed to make a good case for itself. That is what Tony thinks,” the person said. “He does not think that Miliband can beat Cameron.”
Just after the Telegraph had gone to print on 24 October, the Office of Tony Blair tweeted a denial:


And then on 30 December, it was déjà vu all over again. Anne McElvoy tweeted (from Islington, where else?) to puff a piece about to appear in The Economist (incidentally, why does the full URL end “-don’t-go”?):


The key words:
In an interview with The Economist, Mr Blair says that he fears that the next election, due to take place in May 2015, could be a rerun of those before his ascent to the leadership, which regularly ended in disaster for his party. The result in 2015, he quips, could well be an election “in which a traditional left-wing party competes with a traditional right-wing party, with the traditional result”. Asked if he means a Tory win, Mr Blair confirms: “Yes, that is what happens.”
Next day, surprise, surprise, the Office of Tony Blair tweeted a denial:


TB’s prediction methodology: heads he wins, tails he doesn’t lose, one might think. But earlier in the month the Independent on Sunday had run a story, Tony Blair wants Chuka Umunna to be the next Labour leader, which, as far as I can tell, went undenied:
Tony Blair is backing Chuka Umunna to be the next Labour leader, the former prime minister's friends have revealed, in an intervention that will set the battle for succession alight. Several Labour frontbenchers are preparing their leadership campaigns in the event that Ed Miliband fails to secure victory next May. But being anointed by the party's most successful leader could be either a blessing or a curse for Mr Umunna, the shadow Business Secretary, given how far Mr Blair's popularity in the wider Labour movement has fallen.
It would hardly be worth expressing an opinion to “friends” unless, of course, he thought the Labour leadership was going to be an issue in 2015. But Blair has other things on his mind. At the Aspen Ideas Festival in June, he was interviewed by “Yahoo’s Global News Anchor”, Katie Couric, and warned that returning British jihadists ‘could use Kenya terror tactics’ to disrupt UK.

And things could be worse. In October George W Bush’s former Vice President, Dick Cheney, was interviewed by Bill Kristol and warned:
… we’re in a very dangerous period. I think it’s more threatening than the period before 9/11. I think 9/11 will turn out to be not nearly as bad as the next mass casualty attack against the United States, which if and when it comes will be something far more deadlier than airline tickets and box cutters.
Happy New Year.



20 November 2012

The Economist on France

The Economist on 17 November included a special report on France, So much to do, so little time, which on the cover of all its editions turned into the more sensational, The time-bomb at the heart of Europe. Not surprisingly it didn’t go down too well in France but a few days later appeared well-timed when the country was downgraded by Moody’s from Aaa to Aa1, outlook continuing negative.

The author of the report, John Peet, acknowledges the help and insights from 28 people and there are signs of autant de têtes, autant d'avis. For example on page 9 we are told:
There is so much more to France than Paris. Cities like Bordeaux, Lille, Lyon, Nice and Toulouse count for a lot both economically and politically.
and on page 10:
Paris dominates France, politically and economically.
The point to be appreciated by a British reader is that Paris and the Ile-de-France have nothing like the dominance of London and the South East in the UK. There is a real howler on page 6:
Even French vineyards are investing in expensive machines to replace human grape pickers.
Whoever wrote that should take a look at the entry on mechanical harvesting in Jancis Robinson’s The Oxford Companion to Wine. Machines were introduced in France in the 1980s and are used in all but the most prestigious vineyards.  Elsewhere the vines are spaced and kept to a height to allow the machines to traverse them (see this blog’s Background and below).

Otherwise The Economist can be expected to get its economic facts right and the report makes a good case for there currently being too much government spending and too heavy a burden of social costs on employers, even for France. On the other hand, as the survey admits, the country has superb infrastructure, a substantial part of it owned by the government, an economic fact of life the survey ignores. Also, as it points out, none of the large French banks had to be bailed out by the state. I sometimes think that the UK’s circumstances would be much more like those of France if Mrs Thatcher had lost the election in 1983 (or 1984), as could well have been the case if the Falklands War had not happened or had ended differently.  Perhaps whether this was for better or for worse in the long term is still to be discovered.