Category: Government

Billionaire Risks All for Hong Kong Freedom

(p. A11) Hong Kong If Chinese soldiers crush Hong Kong’s pro-democracy protests, there’s little doubt media tycoon Jimmy Lai will be high on their wanted list. His Apple Daily newspaper and Next magazine cheer on the movement for universal suffrage. He bankrolls the city’s pro-democracy political parties, as financial records stolen by hackers show. The government-owned media accuse him of fomenting a “color revolution” at the behest of the American government. . . .
But Mr. Lai’s activities this week are not hard to track. From about 6 a.m. to 6 p.m., he sits in the protesters’ encampment outside the main government offices. Most of the time he can be found at one of the makeshift supply pavilions labeled “materials stand,” chatting with students or listening to speeches.
On Friday morning, I find Mr. Lai at the encampment reading essays by Japanese film director Yasujiro Ozu, and we walk to a nearby food court to chat. Two photographers from a pro-Beijing newspaper conspicuously record our meeting.

For the full interview, see:
HUGO RESTALL. “Hong Kong’s Billionaire Democrat; Despite threats and smears from Beijing, Jimmy Lai talks about his support for student protesters in Hong Kong and why they might succeed.” The Wall Street Journal (Sat., Oct. 4, 2014): A11.
(Note: italics in original; ellipsis added.)
(Note: the online version of the interview has the date Oct. 3, 2014.)

Consumers Cannot Count on Regulators for Safety

(p. A1) WASHINGTON — The nation’s top auto regulator faced withering criticism across Capitol Hill on Tuesday over its failure to identify a deadly defect in General Motors cars — even as its top official tried again and again to shift the blame back to the automaker.
Hours after a House committee released a scathing report about the agency’s yearslong failure to spot the ignition-stalling defect that has now been linked to 19 deaths, a Senate subcommittee hearing turned angry and tense. Lawmakers from both parties accused the agency, the National Highway Traffic Safety Administration, of overlooking evidence that could have saved lives and of deferring to the auto industry rather than standing up to it.
The agency was “more interested in singing ‘Kumbaya’ with the manufacturers than being a cop on the beat,” said Senator Claire McCaskill, the subcommittee’s chairwoman, in sharp questioning reminiscent of her interrogation of G.M.’s chief executive, Mary T. Barra, in a hearing before the same panel in the spring.
. . .
(p. B2) “You want to obfuscate responsibility, rather than take responsibility,” Ms. McCaskill, a Missouri Democrat, said, her voice rising. “We’ve all said shame on G.M.” She added, “You’ve got to take some responsibility that this isn’t being handled correctly.”
. . .
Watching from a seat just behind Mr. Friedman [deputy administrator of the N.H.T.S.A.] was Laura Christian, the birth mother of Amber Rose, a teenager who was killed in 2005 when her Cobalt ran off the road, into a tree, and the air bags did not deploy.
As Mr. Friedman continued to speak, Ms. Christian said she could feel herself getting flushed and increasingly upset over the agency’s lack of remorse.
“It was extremely frustrating to hear David Friedman go on about how his agency was this wonderful thing,” she said. “All along they missed the glaringly obviously defects.”

For the full story, see:
HILARY STOUT and AARON M. KESSLER. “Congress Castigates Auto Regulator Over a Deadly G.M. Defect.” The New York Times (Weds., SEPT. 17, 2014): A1 & B2.
(Note: ellipses, and bracketed words, added.)
(Note: the online version of the story has the date SEPT. 16, 2014, and has the title “Senators Take Auto Agency to Task Over G.M. Recall.” In the Midwest edition that I receive, this article started on p. A1; according to the indexes, and the online edition, in the New York edition, the article started on p. B1.)

Esther Dyson Sees a Lot of Silicon Valley as Just Motivated to Make Money

(p. C11) The U.S. Commerce Department recently said that it plans to relinquish its oversight of Icann, handing that task to an international body of some kind. The details are still being worked out, but Ms. Dyson hopes that governments won’t be the new regulators. . . .
For now, she thinks there are many Silicon Valley Internet companies with inflated market values. “There is the desire to make money that motivates a lot of that in Silicon Valley, and yes, I think it’s totally a bubble,” she says. “It’s not like the last bubble in that there are a lot of real companies there [now], but there are a lot of unreal companies and…many of them will disappear.” She thinks too many people are starting similar companies. “You have people being CEOs of teeny little things who would be much better as marketing managers of someone else’s company,” she says.
And though her work often takes her to California, she’s happy to stay in New York. These days, she finds Silicon Valley “very fashionable,” she says, “and I don’t really like fashion.”

For the full interview, see:
ALEXANDRA WOLFE, interviewer. “WEEKEND CONFIDENTIAL; Esther Dyson’s Healthy Investments; The investor is hoping to produce better health through technology with a new nonprofit.” The Wall Street Journal (Sat., May 3, 2014): C11.
(Note: first ellipsis added; second ellipsis in original.)
(Note: the online version of the interview has the date May 2, 2014, and has the title “WEEKEND CONFIDENTIAL; Esther Dyson’s Healthy Investments; The investor is hoping to produce better health through technology with a new nonprofit.”)

When Pirates Were More Enlightened than Most Governments

(p. A11) While slaves were oppressed by the social order, Mr. Rediker argues, pirates on the high seas were remaking it. An estimated 2,500 buccaneers prowled the Atlantic and the Caribbean at any given time during the first half of the 18th century. The great majority were former merchant seamen, or deserters from the Royal Navy. They were aged between 14 and 50, though most were in their 20s. Married men were not welcome for fear that they might desert and compromise an entire pirate crew.
Here, Mr. Rediker suggests, egalitarianism was being practiced at sea half a century before it became a catch-cry of the French Revolution. And, he adds, there was a striking uniformity of rules and customs on all pirate vessels. At the start of each voyage, or whenever a new captain was chosen, a wide-ranging social compact would be drawn up listing rights and responsibilities. The articles would allocate authority, deal with the distribution of plunder, and set the rules of punishment to enforce discipline. Booty was usually allocated according to skills and duties–the captain might be given two shares; gunners, boatswains, mates, carpenters and medics one and a half shares; and the rest of the crew a share each. In times of battle, the crew gave the captain unquestioned authority whether fighting, chasing or being chased. What perhaps set the pirates most apart from their former colleagues in the Merchant Navy and the Royal Navy was punishment. The lash, for example, was rarely used. Fighting was not allowed on board and disputes between crew had to be settled ashore by sword or pistol. This brought an unusual degree of harmony to the pirate ship. Incorrigible trouble makers were unceremoniously dumped and left behind on deserted islands. Vengeance was also freely taken upon captives, and woe betide any ship’s captain who had tyrannized and abused his crew.

For the full review, see:
MICHAEL FATHERS. “BOOKSHELF; Motley Crew at the Helm; Egalitarianism was being acted out at sea by pirates half a century before it became a catch-cry of the French Revolution. The Wall Street Journal (Fri., Aug. 22, 2014): A11.
(Note: ellipsis in original.)
(Note: the online version of the review has the date Aug. 21, 2014, and has the title “BOOKSHELF; Book Review: ‘Outlaws of the Atlantic’ by Marcus Rediker; Egalitarianism was being acted out at sea by pirates half a century before it became a catch-cry of the French Revolution.”)

Book under review:
Rediker, Marcus. Outlaws of the Atlantic: Sailors, Pirates, and Motley Crews in the Age of Sail. Boston, MA: Beacon Press, 2014.

Cat Stevens Protests New York Government Ban on Paperless Tickets

(p. C3) Yusuf, the singer until recently called Yusuf Islam, but better known as Cat Stevens for his 1970s hits like “Peace Train,” has canceled a concert at the Beacon Theater in frustration over New York state laws on ticket scalping.
. . .
“I have been a longtime supporter of paperless tickets to my shows worldwide and avoiding scalpers,” Yusuf wrote. “Unfortunately NY has a state law that requires all tickets sold for shows in NYC to be paper, enabling them to be bought and sold at inflated prices.”
After heavy lobbying by the ticketing industry, New York passed a law in 2010, which has since been renewed, requiring promoters to offer customers the option of transferrable tickets.

For the full story, see:
BEN SISARIO. “Cat Stevens Cancels Show and Cites Ticket Law.” The New York Times (Thurs., SEPTEMBER 25, 2014): C3.
(Note: ellipsis added.)
(Note: the online version of the story has the date SEPTEMBER 24, 2014, and has the title “Yusuf, the Former Cat Stevens, Cancels New York Concert.”)

Socialist Price Setting Causes Shortages of Corn Flour, Car Batteries and Toilet Paper

(p. B1) Venezuela’s prices on everything from butter to flat-screen TVs are set without warning by the government, which also caps corporate profits at 30%. Any profits evaporate quickly, however, because inflation is almost double that.
And expanded price controls imposed by Venezuelan President Nicolas Maduro, who succeeded late leftist firebrand Hugo Chávez in April 2013, have exacerbated shortages of basic items such as corn flour, car batteries and toilet paper, triggering violent street protests since early February.

For the full story, see:
MAXWELL MURPHY and KEJAL VYAS. “CFO JOURNAL; Currency Chaos in Venezuela Portends Write-Downs.” The Wall Street Journal (Tues., May 27, 2014): B1 & B6.
(Note: the online version of the story has the date May 26, 2014.)

Cancer Gains Have Not Come from “Centralized Direction”

(p. 180) The truth remains that over the course of the twentieth century, the greatest gains in the battle against cancer came from independent research that was not under any sort of centralized direction and that did not have vast resources at its disposal. As we have seen, such research led to momentous chance discoveries in cancer chemotherapy and a greater understanding of the mechanisms of the disease that have resulted in exciting new therapeutic approaches.

Source:
Meyers, Morton A. Happy Accidents: Serendipity in Modern Medical Breakthroughs. New York: Arcade Publishing, 2007.

Robert Morris Financed the Revolutionary War, and Private Ventures, But Ended in Debtors’ Prison

(p. C7) The Philadelphia merchant banker Robert Morris, reputedly the richest man in Revolutionary America, performed prodigies in financing the war and then staving off the new country’s insolvency. He was bullish on America’s future, and when he returned to private life in 1784, he initiated a variety of ventures–a fleet of ships trading with China and India, multiple manufacturing enterprises, and, not least, vast assemblages of unimproved interior land–that eventually landed him in debtors’ prison. Ryan K. Smith offers a readable and enlightening portrait of this busy and turbulent life in “Robert Morris’s Folly.”

For the full review, see:
CHARLES R. MORRIS. “Financing the Founders; Morris built a French-style palace out of Pennsylvania logs in the hope that Marie Antoinette would visit.” The Wall Street Journal (Sat., AUG. 30, 2014): C7.
(Note: the online version of the review has the date AUG. 29, 2014, and has the title “Book Review: ‘Robert Morris’s Folly’ by Ryan K. Smith; Robert Morris built a French-style palace out of Pennsylvania logs in the hope that Marie Antoinette would visit.”)

The book being reviewed is:
Smith, Ryan K. Robert Morris’s Folly: The Architectural and Financial Failures of an American Founder, The Lewis Walpole Series in Eighteenth-Century Culture and History. New Haven, CT: Yale University Press, 2014.

War on Cancer Was “Profoundly Misconceived”

(p. 179) Following the testing of nearly half a million drugs, the number of useful anticancer agents remains disappointingly small. Expressions of discontent with the methodology of research and of research and the appalling paucity of results were, over the years, largely restricted to the professional literature. However, in 2001 they broke through to the popular media. In an impassioned article in the New Yorker magazine entitled “The Thirty Years’ War: Have We Been Fighting Cancer the Wrong Way?” Jerome Groopman, a respected clinical oncologist and cancer researcher at Harvard Medical School in Boston, fired a devastating broadside. “The war on cancer,” he wrote, “turned out to be profoundly misconceived–both in its rhetoric and in its execution. The high expectations of the early seventies seem almost willfully naïve.” Regarding many of the three-phased clinical trials, with their toxic effects, he marveled at “how little scientific basis there was and how much sensationalism surrounded them.” Groopman concluded that hope for progress resided in the “uncertainty inherent in scientific discovery.”

Source:
Meyers, Morton A. Happy Accidents: Serendipity in Modern Medical Breakthroughs. New York: Arcade Publishing, 2007.
(Note: italics in original.)

In 1971 Nixon “Launched an All-Out War on Cancer”

(p. 173) In 1971 the U.S. government finally launched an all-out “war on cancer.” In his State of the Union address in January 1971, President Richard Nixon declared: “The time has come in America when the same kind of concerted effort that split the atom and took man to the moon should be turned toward conquering this dread disease. Let us make a total national commitment to achieve this goal.”
As the country debated a bill known as the National Cancer Act, the air was filled with feverish excitement and heady optimism. Popular magazines again trumpeted the imminent conquest of cancer. However, some members of the committee of the Institute of Medicine, a part of the National Academy of Sciences, which was asked by the NCI to review the cancer plan envisioned by the act, expressed concern regarding the centralization of planning of research and that “the lines of research… could turn out to be the wrong leads.” The plan fails, the reviewers said in their confidential report, because

It leaves the impression that all shots can be called from a national headquarters; that all, or nearly all, of the really important ideas are already in hand, and that given the right kind of administration and organization, the hard problems can be solved. It fails to allow for the surprises which must surely lie ahead if we are really going to gain an understanding of cancer.

Source:
Meyers, Morton A. Happy Accidents: Serendipity in Modern Medical Breakthroughs. New York: Arcade Publishing, 2007.
(Note: ellipsis in original.)