The Daily News

Fighting corruption and restoring trust in leadership

As we identify the paths necessary to come out of this compounded COVID-19 crisis and prepare the conditions for a much-needed Great Reset, we must also keep the focus on long-standing challenges that will affect this recovery – most notably the fight against corruption and the search for greater trust and integrity in institutions across social, economic and political systems. We have a unique window of opportunity to get recovery right and create a sustainable society if we put good governance, transparency and accountability at the heart of all efforts and realize “stakeholder capitalism” – an economy that serves the interests of all. Technology has emerged as one of the greatest allies of transparency and a critical tool against corruption.—Børge Brende and Pedro Gabriel Gomez Pensado. Having an uneven playing field impedes economic growth, contributes to social inequality and obstructs innovation, among many other negative effects. It is estimated that the annual costs of corruption at a global level amount to $3.6 trillion. About $1 trillion of that is paid in bribes every year. These amounts can dilute the impact of the approximately $10 trillion that has been pledged and is starting to be deployed as part of the recovery and stimulus packages. But this is not only a story of money. In many cases, the loss of lives can be traced to corruption. Some estimates indicate that about $500 billion of healthcare expenditure is lost to corruption every year. This has an impact on the production and procurement of medicines and medical equipment, jeopardizing their timely delivery where they are most needed. As everyone around the world places their trust and hopes in the production and distribution of a vaccine to defeat the pandemic, we need an effective approach to make sure corruption does not get in the way of an equitable distribution of vaccines. […]

There’s no vaccine for the infodemic

Fake news about COVID, its origins, treatment and prevention, has gone viral. UN has launched counter-attack, wants you to help. Storyful founder says algorithms and human editors can help turn the tide. Subscribe to the World Vs Virus podcast. What is spreading across the globe, can be passed on unwittingly from one person to countless others, is potentially deadly, yet can be stopped if everyone takes the right steps? Heard of the miracle cure for COVID that the mainstream media doesn’t want you to know about? Or that the pandemic is in fact a ‘plandemic’ – deliberately created to make someone a fortune or to subjugate the masses? Then you’ve come up against the virus of misinformation that has spread around the world as fast as the coronavirus itself. In a world where social media is increasingly where most of us get so much of our information, and where we value freedom of speech as a cornerstone of democracy, what can be done to combat dangerous misinformation? Have you read? “When COVID-19 emerged, it was clear from the outset this was not just a public health emergency, but a communications crisis as well,” says Melissa Fleming, who leads global communications for the United Nations. With a huge public demand for information about the pandemic and the rapid spread of false information, the ‘infodemic’ is putting lives at risk, so Fleming is heading a campaign to help true information surface out of the deluge of rumours and lies. She has launched ‘Verified‘ – where people can sign up for daily emails on the latest COVID news that comes from reliable sources: “science-based information” that might otherwise be buried on “page 125 of a PDF” presented “in formats that are optimised for sharing on social media.” “It is front-and-centre in your social media feeds. So […]

Kylie Moore-Gilbert:Will a prisoner swap with Australia encourage more hostage-taking by Iran?

Ian Parmeter, Australian National University. View Post Australian-British academic Kylie Moore-Gilbert’s release from an Iranian prison after more than two years’ detention is certainly a welcome development. However, the circumstances raise some uncomfortable questions for Australian and Western diplomats related to Iran’s penchant for using hostage-taking as a bargaining chip for the release of its own citizens detained abroad for suspected or proven crimes, including terrorism. There seems little doubt Moore-Gilbert was released as part of a prisoner exchange. Iranian state media has shown pictures of the academic with Australian embassy officials in Tehran, juxtaposed with film of three Iranian men being welcomed by Iranian officials, apparently at Tehran’s airport. The Iranian media says she was exchanged for an Iranian “economic activist” and two Iranian citizens, who had been detained “abroad on trumped-up charges”. The report does not name the men. Australian Prime Minister Scott Morrison has given a carefully worded statement in response to questions about a prisoner swap. If other people have been released in other places, they are the decisions of the sovereign governments. There are no people who have been held in Australia who have been released. That may be true as far as Australia is concerned. But a report by The New York Times, quoting Iranian social media channels associated with the Islamic Revolutionary Guards Corps (IRGC), identifies the three Iranians as Saeed Moradi, Mohammad Khazaei and Masoud Sedaghat Zadeh. The three had been detained in Thailand since 2012 on charges of planning to plant bombs in Bangkok and assassinate Israeli diplomats there. One of those men had reportedly lost his legs when a bomb he was carrying exploded prematurely. In a similar context, the release last year of two Australians being held in Iran, Jolie King and Mark Firkin, coincided with an Iranian research student at the University of Queensland, Reza Dehbashi Kivi, being permitted by […]

A unique Santa Fe tradition, the 88th burning of Zozobra or Old Man Gloom took place on September 6, 2012.

‘Zozobra,’ Mexican philosophers have some advice

Francisco Gallegos, Wake Forest University. Carlos Alberto Sánchez, San José State University. Ever had the feeling that you can’t make sense of what’s happening? One moment everything seems normal, then suddenly the frame shifts to reveal a world on fire, struggling with pandemic, recession, climate change and political upheaval. That’s “zozobra,” the peculiar form of anxiety that comes from being unable to settle into a single point of view, leaving you with questions like: Is it a lovely autumn day, or an alarming moment of converging historical catastrophes? As scholars of this phenomenon, we have noted how zozobra has spread in U.S. society in recent years, and we believe the insight of Mexican philosophers can be helpful to Americans during these tumultuous times. Ever since the conquest and colonization of the valley of Mexico by Hernán Cortés, Mexicans have had to cope with wave after wave of profound social and spiritual disruption – wars, rebellions, revolution, corruption, dictatorship and now the threat of becoming a narco-state. Mexican philosophers have had more than 500 years of uncertainty to reflect on, and they have important lessons to share. Zozobra and the wobbling of the world The word “zozobra” is an ordinary Spanish term for “anxiety” but with connotations that call to mind the wobbling of a ship about to capsize. The term emerged as a key concept among Mexican intellectuals in the early 20th century to describe the sense of having no stable ground and feeling out of place in the world. This feeling of zozobra is commonly experienced by people who visit or immigrate to a foreign country: the rhythms of life, the way people interact, everything just seems “off” – unfamiliar, disorienting and vaguely alienating. According to the philosopher Emilio Uranga (1921-1988), the telltale sign of zozobra is wobbling and toggling between perspectives, being unable to relax into a single framework to make sense of things. […]

Entitled:How Male Privilege Hurts Women

Kate Manne was dubbed “the philosopher of #MeToo” for her timely and widely read analysis of misogyny, 2017’s “Down Girl: The Logic of Misogyny.” Now, Manne tackles male entitlement in her second book, “Entitled: How Male Privilege Hurts Women.” The book was released Aug. 11. Manne, an associate professor of philosophy in the College of Arts and Sciences, defines misogyny as the hostility women and girls face – the “law enforcement” branch of patriarchy, as she calls it – which serves to enforce gendered norms, even in supposedly post-patriarchal societies. In “Entitled,” she addresses the gendered norms and expectations that misogyny polices and enforces: how the resulting social dynamics constrain possibilities for people, and how boys and men unfairly benefit from this system. “While ‘Down Girl’ was a ‘crossover’ book, intended for both an academic and wider readership, ‘Entitled’ is squarely a trade book, aimed at a general readership,” said Manne. “I hope that people can get a basic grip on my views about misogyny and male entitlement by reading ‘Entitled,’ as well as some of the thoughts I’ve had since ‘Down Girl’ was published.” Under a framework of male entitlement, Manne argues, women are expected to give feminine goods (sex, care, nurturing and reproductive labor) while not taking masculine goods (power, authority and claims to knowledge). Within this system, women are deprived of entitlement to both feminine-coded and masculine-coded goods. “This results in inequalities that range from a woman not receiving adequate care for her pain, to her not being able to take up traditionally male positions of power, to her not being granted her rightful authority to speak about subjects in which she is expert,” Manne writes. In nine chapters, Manne elaborates on the many spheres in which male entitlement hurts women and girls. The entitlement to admiration that […]

What is green finance and why is it important?

Green finance is blossoming. Globally, the green bond market could be worth $2.36 trillion by 2023. It is regarded as a way of meeting the needs of environmentalism and capitalism simultaneously – but what is green finance and how does it work? At its simplest, green finance is any structured financial activity – a product or service – that’s been created to ensure a better environmental outcome. It includes an array of loans, debt mechanisms and investments that are used to encourage the development of green projects or minimize the impact on the climate of more regular projects. Or a combination of both. Funding sustainable development For the United Nations, green financing plays an important role in delivering several of its Sustainable Development Goals. Its Environment team is already working with public and private sector organisations in an attempt to align international financial systems to the sustainable development agenda. Some of the activities UN Environment is involved in include helping countries re-engineer their regulatory frameworks – so that green borrowing becomes compliant, for example – and helping steer public sector planning in a more environmentally friendly direction. Clean sources of energy can be brought to fruition through the right combination of planning consent, strategic priorities and availability of capital. Such projects could be given preferential treatment to make them a more attractive option than, for example, fossil-fuel derived energy infrastructure. Typical projects that fall under the green finance umbrella include: Renewable energy and energy efficiency Pollution prevention and control Biodiversity conservation Circular economy initiatives Sustainable use of natural resources and land Growing international interest One common green finance instrument is the green bond. There is a code of conduct that defines what constitutes a green bond. To qualify, a bond must adhere to criteria on the use of proceeds, have a process for project evaluation […]

The Inventor

The Inventor: Out for Blood in Silicon Valley depicts Theranos founder and former CEO Elizabeth Holmes as a bewitching sociopath. Holmes wanted to revolutionise health care by providing a simple and cheap way to perform blood tests using only a finger prick. In 2003, she founded Theranos, with a vision of the company’s machines in every home in America. But, as the Wall Street Journal’s John Carreyrou revealed in 2015, Holmes created an intricate web of deception. Even as machines found their way into chemists and were being used by medical insurance companies, they never actually worked. Holmes put patients’ lives at risk and cost investors millions of dollars. The documentary is compelling viewing, but as it enters a very slim field of movies about female entrepreneurs it is worth questioning the impact of the stories we choose to tell. Fall from grace The journey Holmes took from young idol to spectacular failure is a story about systemic issues and the sometimes toxic culture of the world of start-ups. Prior to the scandal breaking, Holmes was celebrated in the media. She was portrayed as a Stanford University dropout with a vision for changing the world. She raised hundreds of millions of dollars from powerful men in a start-up landscape known for its discriminating funding practices.https://www.youtube.com/embed/wtDaP18OGfw?wmode=transparent&start=0 She made the cover of Forbes magazine in 2014 as the world’s youngest self-made female billionaire. Holmes represented a heady mix of tech, science and business. She was the golden girl of the start-up world. This made her fall from grace even more spectacular. But compare Holmes’ portrayal with another well known example of a deceitful male entrepreneur: Jordan Belfort, the “wolf of Wall Street”. Belfort ran an elaborate crime scheme linked to manipulating the stock market and was jailed for 22 months for securities fraud. Nonetheless, his autobiography and Martin Scorsese’s 2013 film adaptation depict Belfort’s story […]

Ten Global Trends Every Smart Person Should Know: And Many Others You Will Find Interesting

by Marian L Tupy and Ronald Bailey Think the world is getting worse? You’re wrong: the world is, for the most part, not getting worse. But 58 percent of people in 17 countries that were surveyed in 2016 thought the world is either getting worse or staying the same rather than getting better. Americans were even more glum: 65 percent thought the world is getting worse and only 6 percent thought it was getting better. The uncontroversial data on major global trends in this book will persuade you that this dark view of the prospects for humanity and the natural world is, in large part, badly mistaken. World population will peak at 8 to 9 billion before the end of this century as the global fertility rate continues its fall from 6 children per woman in 1960 to the current rate of 2.4. The global absolute poverty rate has fallen from 42 percent in 1981 to 8.6 percent today. Satellite data show that forest area has been expanding since 1982. Natural resources are becoming ever cheaper and more abundant. Since 1900, the average life expectancy has more than doubled, reaching more than 72 years. Of course, major concerns such as climate change, marine plastic pollution, and declining wildlife populations are still with us, but many of these problems are already in the process of being ameliorated as a result of the favorable economic, social, and technological trends that are documented in this book. You can’t fix what is wrong in the world if you don’t know what’s actually happening. Ten Global Trends Every Smart Person Should Know is easily to understand providing entertaining access to surprising facts to know how the world is really faring.

Germany set to trial Universal Basic Income scheme

Starting this week, 120 Germans will receive a form of universal basic income every month for three years. The volunteers will get monthly payments of €1,200, or about $1,400, as part of a study testing a universal basic income. The study will compare the experiences of the 120 volunteers with 1,380 people who do not receive the payments. Supporters say it would reduce inequality and improve well-being, while opponents argue it would be too expensive and discourage work. Germany is about to become the latest country to trial a universal basic income, starting a three-year study of how it affects the economy and recipients’ well-being. As part of the study, 120 people will receive €1,200, or about $1,430, each month for three years — an amount just above Germany’s poverty line — and researchers will compare their experiences with another group of 1,380 people who will not receive the payments. The study, conducted by the German Institute for Economic Research, has been funded by 140,000 private donations. All participants will be asked to complete questionnaires about their lives, work, and emotional state to see whether a basic income has had a significant impact. Universal basic income is the idea that a government should pay a lump sum of money to each of its citizens, usually once a month, regardless of their income or employment status, effectively replacing means-tested benefits. Its proponents argue that it would reduce inequality and improve well-being by providing people more financial security. Its opponents say it would be too expensive and discourage people from going to work. The idea has gained traction in recent years amid financial crises and growing inequality in some Western countries. Jürgen Schupp, who is leading the study, told the German newspaper Der Spiegel that it would improve the debate about universal basic income […]

Jumpstarting a resilient economy

We are at a critical juncture in determining the future stability and health of the world’s economies. How businesses and governments choose to emerge from the Covid-19 crisis will either revert to the short-sighted economic practices of the past or accelerate the transition to a more sustainable, low-carbon economy that is more resilient and better equipped to mitigate and combat future crises. Although the pandemic has brought tremendous hardship, the leaders of today have been afforded a once-in-a-century opportunity to rebuild a better, smarter, more sustainable future. Covid-19 has exposed our fragility to global disruptions, yet the threats that lie ahead from climate change and human encroachment on natural ecosystems could produce shocks of even greater magnitude, spanning even longer time frames. The findings of a special report from the Intergovernmental Panel on Climate Change (IPCC) reads like a plot one might expect in a Hollywood movie, but are in fact clear projections of our current trajectory: the triggering of tipping points, resulting in widespread famine, the collapse of industries, and the displacement of millions of people. Rapid digitisation presents an opportunity to transform operational efficiencies. As with any complex and consequential problem, there is no single solution. In order to usher in a sustainable future for people, planet, and profit alike. We must not only invest public funding in greener technologies, but also match financial support with policies and practices that incentivize innovation and the adoption of efficiency-enabling technologies. Previous economic downturns have ended with a rebound in emissions. This time, we have the unique opportunity to decouple emissions from the resurgence of industry and transportation. For instance, market mechanisms, such as a price on carbon, use the power of the market to incentivize organisations to shift to cleaner technologies and away from fossil fuels, and encourage enterprises to adopt digital tools […]

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