Questions about the OCR leak, the inquiry etc

Michael Reddell's avatarcroaking cassandra

Questions about the handling of the OCR leak issue aren’t going away.  Last Saturday, I posted about some issues the Reserve Bank and MediaWorks should be asked about, flowing from a careful rereading of the relevant documents.

Since then there has been a variety of articles –  especially focused on MediaWorks – in the mainstream media.   Jenny Ruth had a piece on the NBR website “Were there other MediaWorks leaks from Reserve Bank lockups”.  Hamish Rutherford has a substantial and useful piece in the Dominion-Post this morning “MediaWorks Owes an Explanation” (although I have considerably more readers than he reports) and John Drinnan’s media column in the Herald today is largely devoted to media aspects of the leak and its aftermath.

It is perhaps understandable that the mainstream media has focused mainly on the media dimensions –  many of them are grumpy at losing the opportunities previously afforded by the lockups (although others…

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Why environmentalists are adverse to real solutions #earthday

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Source: Quotation of the day for Earth Day on the ‘science of economics versus the religion of environmentalism’ … – AEI | Carpe Diem Blog » AEIdeas from Steven E. Landsburg’s book “The Armchair Economist: Economics and Everyday Life,” in his chapter titled “Why I Am Not an Environmentalist: The Science of Economics versus the Religion of Ecology“.

Mr. Data succumbs to creative destruction

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Ten Word Answers

Guardian report on NUS vote omits Malia Bouattia’s ‘Zionist-led media’ comment

Adam Levick's avatar

An April 20th Guardianreport on Britain’s National Union of Students (NUS) election was titled ‘NUS elects first female black Muslim president after tense contest’.  However, the report by Jessica Elgot fails to inform readers that the new NUS president, BDS activist Malia Bouattia, represents another first – the first time NUS (a group representing the interests of 7 million British students) will be led by someone who’s supported terrorism and used thinly veiled antisemitic tropes.

Elgot’s report deals with the controversy surrounding Bouattia’s refusal to boycott ISIS for fear of stoking Islamophobia, as well as criticism surrounding her ‘accusation’ that University of Birmingham is “a Zionist outpost in British higher education” due it’s “large Jewish Society”. However, Elgot failed to note far worse comments by Bouattia revealed in a video circulated elsewhere in the media (including at theBBC) hours before her Guardian report was published.

Here’s the video, filmed at an…

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What leads to profits in mutual fund industry?

Amol Agrawal's avatarMostly Economics

James Kwak has a piece wondering why does mutual fund industry make large profits?

It is mainly because they continue to get high asset management charges. Why have people not ditched these active funds for index funds where charges are far lower?

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Matt Damon is ‪#‎JasonBourne

Forget avoidance outrage: public’s real attitude to tax is revealed by their actions @JordNZ

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Source: Panama Papers: Forget avoidance outrage: The public’s real attitude to tax is revealed by their actions | City A.M.

M.A. Adelman on natural resource exhaustion

Columbia University begrudgingly admits the benefits of CO2 on crops

Britain and Europe (6): Mrs Thatcher’s Handbag

tillers2214's avatarRGS History

ob_cd63e2_margaret-thatcherMargret Thatcher transformed much in our national life. Now taken as the totemic figure of Tory Euroscpeticism, her attitudes to Europe were perhaps less fixed, and more interesting.

Thatcher often portrayed herself as an ideological politician, and her supports followed suit. Of course, she was just that. Certainly, it would impossible to understand Thatcherism without some understanding of monetarism and free markets, for example. To see Thatcher and Thatcherism in purely ideological terms would be to misread her, and misread her career.

In the first place it makes what appear like her inconsistencies as hard to account for. To square the Heathite milk-snatcher and slayer of grammar schools with the later Thatcher has always required explanation. In part, it is argued, she was on the ideological and political path that would lead her to monetarism, free markets and the radical Conservatism of the likes of Sir Keith Joseph or even Enoch…

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George Plunkitt of Tammany Hall on the difference between honest and dishonest political graft

In the book Plunkitt of Tammany Hall William Riordan published many of George Washington Plunkitt’s thoughts about government and about big city machines.  In the link below, you can find the passage that explains the difference between honest and dishonest graft.

Honest graft is using your connections and knowledge as a government official to enrich yourself.  It is essentially what we would now call “insider trading.” 

Honest graft is when a goverment official goes out (for example) and buys up land because he knows a city project will need that land and he will be able to make a lot of money by buying the land now while no one else knows that it is about to be bought by the city.  He can buy it cheap and then sell it at a higher price to the city.

Dishonest graft consists of doing things like blackmailing people who are doing illegal or semi-illegal things.  It can also consist of actually taking money directly from the city treasury. 

It is more of what you would expect mobsters to do–things like forcing prostitutes to pay money to police in order to be allowed to work in a given area rather than being arrested.

Source: How does George Plunkitt define “honest/dishonest graft”?   | eNotes.

Creative destruction in news sources

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Left-wing Biases, Too, May Block Progress on Climate Change @GarethMP @JulieAnneGenter

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Source: Liberal Biases, Too, May Block Progress on Climate Change – The New York Times.

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Source: Mr. Sanders’s war on clean energy – The Washington Post.

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