The Great Debate UK
–Charles Blanchard is a partner at Arnold & Porter LLP, and a panelist at the Chatham House conference on autonomous weapons. He was formerly general counsel of the US Air Force. The opinions expressed are his own.–
It sounds like something right out of a blockbuster science fiction movie: killer robots that make decisions on who to kill without any human involvement. Not surprisingly, several human rights groups have argued that now is the time for a ban on the development and deployment of these weapons. While there are very real ethical and legal concerns with these potential weapon systems, such a ban is both unnecessary and likely counterproductive.
There are very serious legal concerns with the use of any autonomous weapon. Under well established principles of international law, every targeting decision in war requires a careful set of judgments that are currently made by human beings: Is this target a legitimate military target? Will there be harm to civilians from the strike? Is the value of the military target nonetheless proportional to this harm?
Great progress has been made in robotics, but it is unlikely that any autonomous robot now or in the near future would have the capacity to distinguish military targets from civilians with any accuracy or make the legally critical judgment about the proportionality of military value to civilian harm.
–Hugh Cumberland is solution manager, financial services at Colt Technology Services. The opinions expressed are his own.–
Over the last few years, every time a stock, sector or index takes a sudden, sharp and unexpected dip, almost every commentator with a passing knowledge of capital markets declares it a high frequency trading (HFT) inspired flash crash. But this judgement has more to do with the negative connotations associated with HFT than the reality, as very few such corrections have definitively been ascribed to HFT.
from Nicholas Wapshott:
The popular pro-Western revolution in Ukraine that has deposed pro-Russian President Viktor Yanukovich is part of a far wider and longer historical tug-of-love between the West and Russia.
Who is chosen to succeed Yanukovich will decide whether it is possible to forge a permanent Ukrainian settlement that will satisfy both the European Union and Russia. The prospect right now looks bleak.
from Anatole Kaletsky:
A severe slowdown in China is viewed as among the greatest risks facing the world economy this year, and Thursday’s dismal news on Chinese manufacturing output exacerbated these fears. But the really important news from Beijing pointed in the opposite direction: Bank lending in China, instead of slowing dramatically as many economists had expected, accelerated in January to its fastest growth in four years.
This means China is unlikely to act as a brake on the global economy in the months ahead -- despite the recent weak manufacturing figures. It also suggests that predictions of a credit crunch or financial crisis in China will likely prove wrong -- or at least premature.
A fascinating study from the U.S.’s National Bureau of Economic Research (NBER) entitled “How does Age Affect Scientific Genius” was a breath of fresh air for those of us hurtling towards middle age. Images of precocious youngsters going to university at age six and making their first million in their early teens are, thankfully, few and far between. It is mid-career when your genius peaks, according to the paper written by Benjamin Jones, EJ Ready and Bruce Weinberg.
While it gave this author a boost to know that her best work may not be behind her, age, demographics and your chosen field of study can all impact when you reach your peak performance. For example, creativity peaks earlier in abstract fields, while it peaks later in fields with context, for example history. Hence why Sergey Brin and Larry Page could co-found Google when they were both PhD students at Stanford. The internet itself was a young and relatively unexplored field that lent itself to “discoveries” and breakthroughs in the garages of young geeks.
from The Great Debate:
Writing the first draft of history is always difficult, especially when the opening act curtain has not officially fallen. Yet developments in Ukraine have now reached a critical turning point, with certain consequences likely to follow.
Historians will long debate the chain of events that provoked the February 18, 2014 confrontation. What we know is that the simmering demands of the opposition -- over Ukraine’s thwarted path to Europe, the failure to re-instate the 2004 Constitution and President Victor Yanukovich’s insincere negotiations – all boiled over in a violent clash with the Ukrainian security services. The fight for Ukraine’s future was being resolved in the streets of Kiev – in live pictures transmitting around the globe.
from The Great Debate:
The second round of peace talks in Geneva between representatives of Bashar Al-Assad’s regime in Syria and rebel forces has ended with both sides blaming each other for the lack of progress. Beyond the finger-pointing, however, lies a growing danger to the goal of a negotiated settlement. The civil war’s religious divides are widening, making compromise unthinkable.
Representatives of the Syrian regime went to Geneva solely with the hope of convincing the opposition to let President Bashar al-Assad stay in power so he can forge an alliance against jihadist forces fighting in Syria, most notably the al Qaeda affiliates Jabhat al-Nusra and the Islamic State in Iraq and the Levant. Their argument -- one that many, including former U.S. Ambassador to Iraq Ryan Crocker, have made -- was that Assad is better than any likely alternative.
from Lawrence Summers:
Inequality has emerged as a major economic issue in the United States and beyond.
Sharp increases in the share of income going to the top 1 percent of earners, a rising share of income going to profits, stagnant real wages, and a rising gap between productivity growth and growth in median family income are all valid causes for concern. A generation ago, it could have been plausibly asserted that the economy’s overall growth rate was the dominant determinant of growth in middle-class incomes and progress in reducing poverty. This is no longer plausible. The United States may well be on the way to becoming a Downton Abbey economy.
from The Great Debate:
Lloyd Blankfein, the chief executive officer of Goldman Sachs, once famously said he believed banks were doing “God’s work.” Now, the Netherlands is going one step further: starting later this year, all 90,000 Dutch bankers will have to swear an oath that they’ll do their “utmost to maintain and promote confidence in the financial-services industry. So help me God.”
It’s part of a major attempt by regulators and banks to clean up after the financial crash of 2008, and put behind them scandals that continue to blacken the financial service industry’s reputation. Just last October, the big Dutch cooperative bank Rabobank paid a $1 billion fine to settle charges in the Libor rate-fixing scandal.
As athletes and sport fans travel to the Black-sea resort of Sochi, an old observer may have a sense of déjà vu. Thirty-three years ago, Western countries boycotted the 1980 Olympic games after Soviet troops occupied Afghanistan.