Features

Wednesday

John Oxley

Want to get rich? Invest like an American

Ramit Sethi wants to make you rich. He is not a household name in Britain, but the Stanford psychology graduate is one of the biggest personal finance influencers in the US. He hosts a successful podcast, Money for Couples, has written bestselling books and even has a Netflix show, How to Get Rich. All his projects share the same message: by changing your mindset and taking a few practical steps, you can power yourself toward prosperity. To British ears, his style might seem brash. It is financial advice with a substantial side of life coaching. But beyond the difference in tone, Sethi spreads a simple message rarely heard in finance columns or consumer advice TV slots in this country: that the best thing you can do for your money is to rapidly increase your income.

Matthew Lynn

Is any other investment as good as gold?

Last year might have proved a good time to own shares in the chip-maker Nvidia, along with the booming American tech giants. Or a piece of the defence manufacturers as the world re-arms. Or to hold a position in some of the rapidly growing economies of South America or Asia, or even one of the hyped-up crypto currencies. There were plenty of places investors expected to make money over the past year. As it turned out, however, there was one asset that outpaced them all, even though it generates no income: gold, and to an even greater extent, its junior sibling silver. With government debt soaring out of control, the precious metals are more valuable than ever – and so long as that is true, they will keep on climbing. There is no question it was the stand-out asset of last year.

Wednesday

William Atkinson

Iran’s cheerleaders are on borrowed time

Predictions ageing poorly is an occupational hazard for journalists and commentators. But few have gone as sour as those made by Roger Cooper in this magazine, in February 1979, days after the last Shah of Iran had fled. In a piece titled ‘Is Khomeini the leader for Iran?’, Cooper speculated that ‘the prospect… of an Iranian Islamic republic… must surely be more alluring to all but the most stubborn defenders of an ancient regime’. The Ayatollah, he suggested, offered Iranians ‘the chance to resume their true national and cultural identity’. No suggestion was made of imminent death squads, mass imprisonments or looming theocratic repression and economic hardship.  Cooper can be forgiven for failing to realise just how miserable the Islamic Republic would be.

Charlie Gammell

The rule of the Ayatollahs is broken. What happens now?

‘Help is on the way,’ promised Donald Trump to the people of Iran defying the Islamic Republic. In the same social media post, the US President, characteristically light on detail, also urged Iranian protestors to take over the institutions of the Islamic Republic (presumably by force) and to keep a note of the names and numbers of their oppressors for retribution’s sake. Whatever these words presage – be it air strikes on Iranian Revolutionary Guard Corps (IRGC) and Basij facilities, or cyberattacks on Iran’s intelligence agencies, to blind the regime as the regime has blinded protestors by shutting down the internet – it remains to be seen if such an intervention will tip the balance in favour of the regime, the protestors, or simply chaos.

John Jenkins

Iran’s useful idiots: British complicity in Tehran’s terror

It is still unclear what will happen next in Iran. I fervently hope the current protests will cause the tyrants of Tehran to fall. It would be ideal if they were replaced by an order that allowed the population of 90 million to choose who governs them and build a country that reflects joy, hope and modernity rather than Ali Khamenei’s brutal Islamist fever dream. I also know how unlikely that is. Revolutions tend to produce disorder and repression, not order and freedom. After the failure of the Constitutional Revolution in 1911, there was a decade of chaos, fragmentation and insurgency in Iran until Reza Khan seized power and founded the Pahlavi dynasty.

Owen Matthews

The Kremlin’s plan to create a new wave of Ukrainian refugees

What is the limit of Ukrainian civilians’ endurance? In nearly four years of relentless war, Ukraine’s people have faced summary executions, ‘drone safaris’ where unmanned aerial vehicles hunt people down city streets and constant bombardment of cities by swarms of drones and missiles. This winter their remarkable resilience faces its severest test yet as Russian forces reach a tipping point in their systematic attempt to knock out the country’s energy infrastructure. In each of the past three winters, Vladimir Putin has attempted to render Ukraine’s cities uninhabitable by plunging them into darkness and cold, without success. But this time it looks like the Kremlin’s campaign to weaponise winter may be succeeding.

Sean Thomas

An elegy for my libido

I’m not sure when my libido first began to decline. It was probably during the pandemic, so it went unnoticed – like much else. Given that I was stuck indoors, newly divorced, in a one-bed flat, with no garden, and only allowed out to walk for one hour a day in the driving sleet, I didn’t really clock that I wasn’t getting a lot of action. My main concern was not committing suicide through love-grief and loneliness. Also, I cooked several new turbot recipes. Then the tides of plague retreated and that is when I realised. Something in me had changed: and it was the ‘dogs of lust’, as John Betjeman called them in ‘Senex’, his fine poem about age and desire. The dogs no longer barked, loudly, 24/7, driving me to distraction. Sometimes they went entirely quiet.

Max Jeffery

Criminal candidates, grooming gangs and petrol bombings – welcome to Oldham

Everyone who’s anyone in Oldham knows Irish Imy. Born Mohammed Imran Ali in Dublin in 1980 and raised in Werneth in south-west Oldham, Imy is the borough’s recurring bad guy. He’s done time for assault, trafficking heroin and being the getaway driver for the murderer Dale Cregan, who shot three people and blew up their bodies with grenades in 2012. Naturally, Imy now wants to be a politician. He’s standing in this year’s local elections as an independent, promising to ‘Make Werneth Great Again’. His campaign is not regarded as insane. He may win. Imy is capitalising on the sense that this Greater Manchester borough is corrupt. People in Oldham say the local elections are rigged and believe that council seats are handed out through the South Asian biradari clan system.

Andrew Graystone

Is Sarah Mullally really a fresh start for the Church of England?

Between 1999 and 2004, Sarah Mullally, the current Bishop of London, was director of patient experience for NHS England. One complaint dominated the feedback she received from inpatients: everyone hated the undignified hospital gowns that gaped open at the back. Mullally identified this as an issue that could be addressed easily and cheaply. Later on, the designer Ben de Lisi even worked with the Design Council to develop a better gown with side fastenings. Yet if you are unfortunate enough to have to stay in hospital today, you will almost certainly find that you are offered the old draughty gown.

Andrew Watts

The joyless reading app being forced on my son

It was only recently that I fully appreciated how the books I read as a child formed me. A pregnant friend asked me about my parenting philosophy and I realised it amounted to ensuring my son would survive a tour of Willy Wonka’s chocolate factory. I never had the money of Veruca Salt’s daddy to indulge his every desire, but I came down hard on chewing gum, gorging on chocolate and, above all, staring at a screen.  Despite my son’s complaints that I was acting like a father from Victorian times, it seemed to have worked, and, as the Oompa--Loompas predicted, not being glued to a screen encouraged him to become a reader, out of boredom if nothing else. If the house was quiet, too quiet, I would usually find him reading a book in a corner.

Wednesday

Peter Mandelson

Trump’s lessons for Europe

Donald Trump’s dramatic intervention in Venezuela has achieved much more than to bring a brutal, corrupt dictator and drug trafficker to justice in an American court of law, something which no amount of human rights declarations, international law or indictments in the international criminal court were able to achieve. It took President Trump deciding it was in America’s interests to helicopter Nicolas Maduro to face justice, and this is the awful truth that Europe’s political leaders are coming to terms with: Trump has the means and the will and they don’t. Europe’s growing geopolitical impotence in the world is becoming the issue now, and histrionics about Greenland is confirming this brutal reality. The future of Greenland is being misunderstood.

mandelson
Tim Shipman

‘We will use the power of democracy to blow you away’: Reform plots a path to No. 10

As he made his way to lunch on Monday, Danny Kruger, the former Tory MP who defected to Reform last year, could be seen clutching a well-thumbed copy of John Campbell’s biography of Lord Haldane, one of the forgotten heroes of British politics. Most British politicians in search of heroes look to Churchill or Attlee for inspiration. But as a reforming secretary of state for war and lord chancellor in the Liberal government before the first world war, Haldane ‘basically modernised the British state’, says Kruger. ‘He created the War Office and the Imperial Defence Committee, the Admiralty, the modern navy, the LSE and the RAF.’ Add to that the intelligence agencies, Imperial College London and the Territorial Army.

Justin Marozzi

What Trump’s coup in Venezuela means for Iran

In a city awash with visual propaganda, one mural in Caracas is especially striking for the western visitor. In it, Jesus Christ stands alongside Imam Mahdi, a prophesied messianic figure who many Muslims believe will appear with him during the End Times to restore peace and justice to the world. There is only one Venezuelan – the late president Hugo Chavez – among the six smaller figures on the mural. Three are Iranian, including Qasem Soleimani, a commander in the Islamic Revolutionary Guard Corps elite Quds Force, killed by a US airstrike in 2020. One is an Iraqi commander killed in the same strike, and the last is Lebanese, Imad Mughniyeh, a founder of Islamic Jihad in Lebanon and number two in Hezbollah until his assassination in 2008.

Freddy Gray

Disrupt the world, deport the world – the ‘Donroe doctrine’ is about immigration

Invade the world, invite the world. That pithy phrase was invented in the 2000s by Steve Sailer, the right-wing writer, to mock the then bipartisan consensus which supported George W. Bush’s war on terror abroad while pushing open borders at home. Or, as Sailer also put it: ‘Bomb them over there and indulge them over here.’ Back then, such analysis was generally dismissed as the preserve of white supremacist cranks. Now, it’s fair to say that Sailerite thinking animates the spirit of the second Donald Trump administration. Disrupt the world, deport the world. That’s the order of the day. Since America’s stunning attack on Venezuela last weekend, almost everybody has had a stab at revealing Trump’s real intentions – including, naturally, Trump and his talking heads.

Simon Heptinstall

Blame the EU for your increasingly bossy car

When Eileen, a 75-year-old British grandmother, bought a brand-new car she found its advanced driver-assistance repeatedly told her the speed limit in a 30mph zone was 80mph and then kept jerking the steering wheel to ‘correct’ her, even when she was trying to park. She told Which? that driving had gone ‘from a lifeline to a nightmare’. ‘I’ve seriously considered getting some old, beat-up car from five years ago that doesn’t have this technology,’ she said. Car safety features are boring and intrusive, like having a man with a clipboard and lanyard permanently in your backseat. Indeed, the Which? survey of more than 1,500 motorists found we are increasingly switching off all that ‘safety’ tech because it’s actually dangerous, distracting or useless.

John Power

Foetal femicide has arrived in Britain

Last summer, the Labour MP Tonia Antoniazzi introduced a clause to the Crime and Policing Bill that will decriminalise all abortions. Enshrining this ‘right’ into law will mean that a mother could end the life of a baby a week, a day or even an hour before it is due to be born, without facing legal consequences. The bill will go to the House of Lords this month. If there had been proper debate over the proposal, rather than introducing it alongside 1,482 other amendments, parliamentarians might have spotted the flaw: the proposed legislation will enable sex-selective abortions. The NHS normally delays the point at which parents are entitled to know their child’s sex until the 20-week scan, shortly before abortion currently becomes illegal.

William Atkinson

In defence of the Freemasons

It’s a personal delight that on 29 September 1829, the first day of Robert Peel’s new force, the first warrant number issued by the Metropolitan Police was to a William Atkinson. I’m less happy that officer number one was sacked after just four hours on duty, for being drunk. As the Met approaches its 200th birthday, the state of it would embarrass even my namesake. The force is ineffective, scandal-prone and discredited. Shoplifting is up 104 per cent since 2020. Knife crime has reached a 14-year high. In 2023, a review by Louise Casey declared the Met riddled with institutional sexism, racism and bullying. Many recent studies have found that more than half of Londoners do not trust their police.

Arthur Kay

The independent bookshops that aren’t what they seem

Independent bookshops remain some of Britain’s loveliest places. Quaint, charming, precarious, they are a bulwark against blandness and offer refuge in an age of doomscrolling. The bookseller stacking the shelves is likely to be local, almost certainly poorly paid and a bit moth-eaten. I should know – I own an independent bookshop. We are a flock of sheep, which is why it has proved so easy for a wolf to slip into our clothing. Walk down a high street today and you may well pass a bookshop that looks just right. Handwritten recommendation cards. Tastefully curated tables. Knowledgeable booksellers. The name over the door reassuringly local. Nothing here suggests scale, leverage or distant ownership. You may feel a small glow at having rejected Amazon.

Lisa Haseldine

European countries are expanding their militaries. Why aren’t we?

Following America’s extraordinary raid on Venezuela last week, Donald Trump has pointed to Greenland, which belongs to the Kingdom of Denmark, as the territory he plans to turn his attention to next, staking a claim he has made repeatedly since his return to the White House. Trump said this week that America needs Greenland ‘for national security. Right now’. He told reporters he is ‘very serious’ in his intent. The US President might be claiming Greenland in the name of peace and stability, but there is every chance his neo-imperial attempts to see off the threat from China and Russia will backfire. Will his actions herald the return to a land-grabbing, power--flaunting global order like that of the 19th century?

Monday

Cosmo Landesman

I walked out of my son’s nativity play

To walk out of a public performance before the end – be it the theatre, a concert or a lecture – is not the done thing. It’s considered an antisocial act that disrupts the performance and thus other people’s pleasure. To walk out provokes tuts of disapproval and scowls of indignation. And yet while it’s something we all disapprove of (at least in theory) it’s also something we all secretly long to do. Who hasn’t sat and squirmed in their seat at some tedious piece of theatre and wondered: how much more of this must I suffer? And who hasn’t been subjected to one of those long, sycophantic interviews with some self-adoring author flogging their latest book and not prayed for the courage to make a run for it?