Liberal democracies, he has argued, faced with the dark menace of nationalism, need heroes if they are to rouse a positive national spirit and defeat the “sad passions” fanned by populists.
—The Economist on Emmanuel Macron in France’s victorious footballers do Emmanuel Macron a favour – France’s World Cup triumph
Continue reading Democratic heroes
Egon Bittner, a sociologist, once defined policing as responding to “something that ought not to be happening and about which someone had better do something now”
—The Economist | The blurred blue line
As temperatures soar, some may be tempted to think again. But as the late Lord Donaldson, a senior judge, once put it: “There is no urgent need to go discarding something which has been out of date for at least a century.”
—The Economist | Wigged out
…experience has shown that there is no innovation, however seemingly benign, that the finance sector cannot overcomplicate and overextend. Securitisation was a good idea when first adopted, but ended with the mess of subprime loans that were sliced and diced into a dog’s breakfast.
—The Economist, in Lessons to a columnist’s previous self
Neither the signing of the Paris agreement nor its ratification a year later had an impact on global energy stocks, according to a working paper by Thomas Sterner and Samson Mukanjari of Gothenburg University, perhaps because these events had already been priced in. Or, just as likely, markets never believed the commitments.
The Economist: Markets may be underpricing climate-related risk