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For Every Winner a Loser

John Lanchester: What is finance for?, 12 September 2024

The Fund: Ray Dalio, Bridgewater Associates and the Unravelling of a Wall Street Legend 
by Rob Copeland.
Macmillan, 352 pp., £22, August, 978 1 5290 7560 1
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The Trading Game: A Confession 
by Gary Stevenson.
Allen Lane, 432 pp., £25, March, 978 0 241 63660 2
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... fund of the World Bank, run by Hilda Ochoa-Brillembourg, who liked to make bets on up-and-coming young fund managers with something to prove. She ended up letting Bridgewater go, because ‘for all Dalio’s grandiloquence, the trades that Bridgewater had recommended for the World Bank were essentially just bets on whether interest rates would rise or ...

American Breakdown

David Bromwich, 2 August 2018

... Democratic leaders who are known to many Americans are Joe Biden, Bernie Sanders and Elizabeth Warren, and their combined age is 220. How did that happen? The Clinton-Obama dollar tree cast a shade for a quarter-century in which smaller political fortunes have struggled even to breathe. Meanwhile, the Democrats remain in denial about the charm of ...

This Concerns Everyone

James Butler: Crisis in Care, 2 March 2023

Labours of Love: The Crisis of Care 
by Madeleine Bunting.
Granta, 325 pp., £9.99, May 2021, 978 1 78278 381 7
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The Care Crisis: What Caused It and How Can We End It? 
by Emma Dowling.
Verso, 248 pp., £9.99, March 2022, 978 1 78663 035 3
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Cannibal Capitalism: How our System is Devouring Democracy, Care and the Planet 
by Nancy Fraser.
Verso, 190 pp., £20, September 2022, 978 1 83976 123 2
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... first doctor to attempt to treat and rehabilitate elderly patients systematically was Marjory Warren, who worked at the West Middlesex County Hospital and the former workhouse infirmary there in the mid-1930s. The 1948 National Assistance Act gave a patchwork of institutions, divided between NHS geriatric beds and local authority homes, responsibility for ...

Freedom of the Press

Anthony Lewis, 26 November 1987

... all views are moved by institutional loyalty and discipline. That was so in the Hughes Court, the Warren Court, the Burger Court – and it will be so in the Rehnquist Court. I mentioned that Near v. Minnesota was a five-to-four decision. Just five years later a unanimous Court applied its teachings in holding invalid a special tax on newspapers. One of the ...

A Nation of Collaborators

Adewale Maja-Pearce, 19 June 1997

... the worst; and he is now rather stronger than before. This became very clear last October, when Warren Christopher, the former US Secretary of State, categorically ruled out any possibility of oil sanctions. ‘There is no appetite for that,’ he said on the first leg of his five-nation African tour, even as he professed himself ‘troubled by the conduct ...

Looking Away

Stephen Holmes: Questions of Intervention, 14 November 2002

A Problem from Hell: America and the Age of Genocide 
by Samantha Power.
Basic Books, 640 pp., £21.99, January 2002, 0 465 06150 8
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War in a Time of Peace: Bush, Clinton and the Generals 
by David Halberstam.
Bloomsbury, 540 pp., £20, April 2002, 0 7475 5946 5
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... belated reaction to mass killings in Bosnia, where she worked in the early 1990s as a young freelance reporter. She was understandably appalled by what happened after the carnage began in 1992: ‘Despite unprecedented public outcry about foreign brutality, for the next three and a half years the United States, Europe and the United Nations stood ...

Festival of Punishment

Thomas Laqueur: On Death Row, 5 October 2000

Proximity to Death 
by William McFeely.
Norton, 206 pp., £17.95, January 2000, 0 393 04819 5
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Death Row: The Encyclopedia of Capital Punishment 
edited by Bonnie Bobit.
Bobit, 311 pp., $24.95, September 1999, 0 9624857 6 4
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... any other racial configuration of killer and killed did not prove that in the particular case of Warren McCleskey, one of four black men convicted of killing a white police officer during a robbery, the defendant suffered his fate because of his race. In principle, the new Georgia criteria for distinguishing capital murder from other kinds and for deciding ...

Walk on by

Andrew O’Hagan, 18 November 1993

... detox and drug rehabilitation projects. The London Connection, in Westminster, tries to attract young people between 16 and 26; it has television, a pool table, provides free razors and lunch at 15 pence. The Kaleidoscope Project, in Kingston upon Thames, aims to serve heroin-users in need of treatment. They house a medical team who run a methadone ...

All change. This train is cancelled

Iain Sinclair: The Dome, 13 May 1999

... under-the-flyover-Portobello-Road colony that belongs on the South Coast – in Hastings or the warren of junk-peddling back streets around the station in Brighton. The warning signs never change: cards in newsagents’ windows advertising Tarot readings and patchouli-oil massage leavened with a rash of charity shops and a plague of cheap books. Here are ...

Mother One, Mother Two

Jeremy Harding: A memoir, 31 March 2005

... I was raised by a river. ‘Thick’ is a good word for the way water seemed to me when I was young and still seems now: sustaining, brown, benign – or white, decisive, invigorating, rushing over a weir, churning from the back of a boat. Having been adopted, I was spared the binding notion of blood, with all its passion and fatalism. I simply took the ...

One Summer in America

Eliot Weinberger, 26 September 2019

... are rarely diapers for the babies and toddlers who have been taken from their parents. Some are as young as five months. In one camp, five hundred children are confined in a windowless warehouse. In others, they are encaged behind chain-link fences. In some camps, there are no hot meals. There are outbreaks of chickenpox, flu, measles, scabies and mumps, and ...

I’m an intelligence

Joanna Biggs: Sylvia Plath at 86, 20 December 2018

The Letters of Sylvia Plath, Vol. I: 1940-56 
edited by Peter Steinberg and Karen Kukil.
Faber, 1388 pp., £35, September 2017, 978 0 571 32899 4
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The Letters of Sylvia Plath, Vol. II: 1956-63 
edited by Peter Steinberg and Karen Kukil.
Faber, 1025 pp., £35, September 2018, 978 0 571 33920 4
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... gangrenous leg: the result of undiagnosed diabetes. Aurelia moved Sylvia and her younger brother, Warren, to Wellesley, Massachusetts, so that her parents could help while she went out to work. At 13, Plath wrote to her mother from summer camp nearly every day. Always prone to losing weight, she reassured Aurelia by listing everything she ate (‘Two bowls of ...

Last Exit

Murray Sayle, 27 November 1997

The Last Governor: Chris Patten and the Handover of Hong Kong 
by Jonathan Dimbleby.
Little, Brown, 461 pp., £22.50, July 1997, 0 316 64018 2
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In Pursuit of British Interests: Reflections on Foreign Policy under Margaret Thatcher and John Major 
by Percy Cradock.
Murray, 228 pp., £18.99, September 1997, 0 7195 5464 0
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Hong Kong Under Chinese Rule: The Economic and Political Implications of Reversion 
edited by Warren Cohen and Li Zhao.
Cambridge, 255 pp., £45, August 1997, 0 521 62158 5
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The Hong Kong Advantage 
by Michael Enright, Edith Scott and David Dodwell.
Oxford, 369 pp., £20, July 1997, 0 19 590322 6
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... had come about, not through vile Occidental cunning, but by chance. When the Governor, Sir Mark Young, emerged from a Japanese prison camp in 1945, he brought out a plan to empower Hong Kong to run some of its own affairs, on a basis of one ratepayer (literate in English or Chinese), one vote, as part of the leisurely run-up to self-rule that was normal in ...

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