The Great Debate UK
from John Lloyd:
Earlier this week the British Parliament housed a restrained, sometimes mawkish and at times moving debate on gay marriage – and the bill passed the House of Commons, 400 to 175. The story was not that it passed, which had been expected. Instead, it was the split in the major governing party, the Conservatives, more of whose 303 MPs voted against the bill than for it. (Conservatives voted 136 in favor of the bill, with 127 voting no, five abstentions and 35 not registering a vote.) Prime Minister David Cameron, still intent on ensuring that his party is liberal as well as conservative, was emollient and understanding of those against the measure but presented his support in the context of a “strong belief in marriage. … It’s about equality but also about making our society stronger.”
His remarks signal that while there is division on the right over gay marriage – at least in Europe –and that while prejudice and bigotry still exist, the serious debate is between contending notions of conservatism. For liberals like Cameron and many in his party, gay marriage extends the benediction of an ancient rite upon modern couples, drawing them into the rituals of homebuilding and long-term affection that have so far been claimed as a heterosexual monopoly. For opponents, marriage must be just such a monopoly, since it is a union of one man and one woman for the purpose (if not always the practice) of procreation, of continuing society’s values in particular and the human race in general.
On values, Britain – in this case, England – is an anomaly: The Church of England is established, the Queen is its head, bishops sit in Parliament’s second chamber, the House of Lords, and the country’s canon law is part of the law of the land. Yet the country is largely irreligious as far as observance goes – the churches are mostly empty – priests and bishops are largely unattended and polls show a sizable majority in support of gay unions of any kind. Indeed, it is only if religion is put in a subaltern position to secular values like equality, fairness, inclusion and the right to pursue happiness that gay marriage could be approved.
That the approval has happened is seismic – not just because it extends rights to a large group of men and women who have suffered discrimination and worse for centuries but also because it signals yet again the primacy of values that are not just secular but are the fruit of the cultural struggles that began in the 1960s. At the time, those causes were viewed with horror by conservatives of every stripe. Today their acceptance is seen as a mark of civilized behavior.
–Kathleen Brooks is research director at forex.com. The opinions expressed are her own.–
The French President has been in the press a lot recently. Firstly, there was the triumph in Mali. “Vive le France!” could be heard in the streets and the swift removal of the Taliban from Northern parts of the country is to be lauded. But after a rousing welcome in Timbuktu, Hollande might find he has a chillier welcome closer to home.
St Maarten Princess Juliana International Airport boasts the world’s most visually appealing landing, according to respondents of a survey.
Private jet bookers PrivateFly.com asked travellers and an expert judging panel for their bucket list of global descents.
It is clear Britain got a ‘bounce’ from the Olympics, but much more is needed to secure long-term economic legacy
–Andrew Hammond is an Associate Partner at ReputationInc. He was formerly a UK Government Special Adviser, and a Senior Consultant at Oxford Analytica. The opinions expressed are his own.–
Six months since the London 2012 games began, a flurry of research has indicated that the UK’s international image has received a boost from hosting the Olympics and Paralympics. Most recently, the latest Anholt GfK Roper Nation Brands Index, released on January 17, showed that the United Kingdom edged up from fifth to fourth place since July 2012 in the survey’s overall country reputation rankings; only the United States, Germany and France currently have a more favourable nation brand.
from The Great Debate:
In 2005, Nicholas Negroponte announced an audacious goal: He was going to put a laptop in the hands of every child in developing countries. With his "One Laptop Per Child" project, the futurist and marquee Wired magazine columnist was looking to close the widening gap between the world’s haves and have-nots. His underlying premise: In the computer age, there should be none of the latter, because the PC was the ultimate equalizer.
OLPC was greeted with great acclaim among the Internet's 1 percent, many of who were highly motivated to empower the other 99. It was backed by a host of blue-ribbon tech companies and got the perfect coming-out party at the 2006 World Economic Forum in Davos, where the UN Development Program announced it too would support the project. OLPC's machine, the XO, was tailor-made for the developing world: It had a hard plastic shell to survive outdoors, where it would see a lot of use, and a screen that could be read in direct sunlight. It used 1/10th the power of contemporary laptops and could be recharged with solar energy. And at $200, it was incredibly cheap by laptop standards back then.
–Laurence Copeland is a professor of finance at Cardiff University Business School. The opinions expressed are his own.–
In the welter of comment on President Obama’s second term, one remarkable feature seems to have slipped under the radar. This has been a presidency blessedly free of scandal. When last did the White House remain more or less scandal-free for as long as four years? His predecessor, George W., had the average scandal quotient (Halliburton contracts, the Abramoff affair among others). Before him, there was Clinton, who seemed to clock up a scandal a week – we all remember the sex, but there was also Whitewater, which involved money, allegations of graft and ultimately suicide. Under Bush Senior and Reagan we had the Iran contra affair. As for Nixon, the less said the better. Even the saintly Jimmy Carter had a problem brother and some rather loose cannons among the pals he shipped in from Georgia to staff his administration.
This infographic, supplied by the Americas Incentive, Business Travel & Meetings Exhibition (AIBTM), aims to show that the travel sector is critical to economic growth in the U.S.
AIBTM’s exhibition director Mike Lyons says of the figures: “Despite recessionary economic periods, businesses recognise the continued importance and value of face-to-face meetings that current research shows accelerate business results and shorten the sales cycle. With every planned meeting, there’s a ‘cascade effect’ into local economies across the nation, feeding jobs, local spending, and fuelling the success of local business.”
from The Great Debate:
Four years ago world leaders, meeting in the G20 crisis session, agreed they would all work to move from recession to growth and prosperity. They agreed to a global growth compact to be delivered by combining national growth targets with coordinated global interventions. It didn’t happen. After the $1 trillion stimulus of 2009, fiscal consolidation became the established order of the day, and so year after year millions have continued to endure unemployment and lower living standards.
Only now are there signs that the long-overdue shift in national macro-economic policies may be taking place. The new Japanese government is backing up a "minimum inflation target" with a multi-billion-dollar stimulus designed to create 600,000 jobs. In what some call the “reverse Volcker moment,” Ben Bernanke has become the first head of a central bank for decades to announce he will target a 6 percent level of unemployment alongside his inflation objective. And the new governor of the Bank of England, Mark Carney, has told us that "when policy rates are stuck at the zero lower bound, there could not be a more favorable case for Nominal GDP targeting.” Side by side with this shift in policy, in every area but the Euro, there is also policy progress in China. It may look from the outside as if November’s Communist Party Congress simply re-announced their all-too-familiar but undelivered wish to re-balance the economy from exports to domestic consumption, but this time the promise has been accompanied by a time-specific commitment: to double average domestic income per head by 2020.
While coverage of health care has increased considerably since the international community defined its millennium development goals to improve health around the world, health gains remain stubbornly elusive, especially in developing countries, and poor quality of care may be the reason why.
–Darren Williams is Senior European Economist at AllianceBernstein. The opinions expressed are his own.–
Bank of England governor-elect, Mark Carney, has raised hopes that the central bank may soon switch to a nominal GDP target. Although the costs seem to outweigh the benefits, the attractions of a radical new approach will grow if the economy remains stuck in the doldrums.