Features

Happy birthday, spam! Do you mind if we don’t celebrate?

The other day, I got an email advertising ‘miracle’ weight loss. You know the sort: English as defined by Boggle and no way on earth that anyone would ever buy the product in question. I opened it without thinking, and was redirected to a blank page. Within minutes, my Hotmail, Twitter and Wordpress accounts had gone haywire; I stared at my computer screen as the original message replicated itself and fired off to every single one of my contacts. My groan lasted about 20 minutes: why, I asked myself, would anyone bother doing this to me? It turned out I’d been hacked on a convenient anniversary. In April 1994, two American lawyers called Laurence Canter and Martha Siegel sent out the first ever commercial spam message.

Has Thomas Piketty met his match?

I feel a certain disappointment with myself at the moment. On the big question of the day, ‘How worried should we be about inequality?’, I find myself miserably unable to give a simple answer. In the last few months, I’ve had a chance to speak to two notable economists on the topic, representing opposite extremes of the argument — both arguing their case so well that I can’t disagree with either. On one side of the debate, I got to interview the man of the moment, Thomas Piketty, author of the much talked-about Capital in the Twenty-First Century.

They made me sit an exam on giving financial advice. And I’m glad

There was a time, not that long ago, when financial advisers as we know them today didn’t really exist. Pension and tax advice came from accountants. If you bought shares you bought them via a stockbroker (who gave you advice along the way). Unit trusts came directly — you responded to advertisements or perhaps got your accountant to do it for you. Occasionally you used an insurance broker. And that was that. It wasn’t particularly complicated and as a result no one (your accountant aside) was officially qualified to do anything. Brokers and dealers didn’t take exams to prove their proficiency and no one really thought they should. In the June 1963 edition of the Stock Exchange Journal, a Mr H.H.

What is an investment trust?

A strange language is spoken on Planet Finance. It often seems designed to baffle the average investor, and save the richest pickings for the professionals. Take, for example, ‘investment trusts’ — they’re investments, certainly, but they are not trusts. And since blind faith is the last thing to invest in any money-making exercise, the two terms make an odd pairing. The most important decision an average investor has to make is to trust their money with a good manager in a promising sector. And this is the main attraction of Investment Trusts. If you fancied a bet on Japan, for example, your first thought may be a straightforward fund, like Fidelity’s Japan Fund, with a 1.5 per cent annual management fee.

Why education is no longer the best way to invest in your child’s future

Teenagers have never exactly been short of things to complain about to their parents. You didn’t give them enough support, sent them to the wrong schools, stopped them going to the right parties, or didn’t get them the latest iPhone. But Generation Rent, perhaps stirred up by too much time spent reading Ed Miliband’s Twitter feed, are likely to be especially aggrieved. To add to the traditional litany of charges from the younger generation against the older can be added one that might even have a kernel of truth in it — you stole our future. There is a case to be made that the big divide in British society, as indeed in most developed economies, is not between classes, races, religions or regions, but between generations.

The genome of history

[audioplayer src="http://traffic.libsyn.com/spectator/TheViewFrom22_15_May_2014_v4.mp3" title="Nicholas Wade discusses what we've learnt from decoding the human genome" startat=44] Listen [/audioplayer]Ever since Darwin published his uncomforting theory, people have been trying to exempt themselves from one or another of its unwelcome consequences. Today’s equivalents of the 19th century’s outraged clerics include the many social scientists, economists and historians who insist that evolution is of no relevance to their disciplines. In the United States the leading social science organisations proclaim that race is a social, not a biological construct.

Why the BBC will never match Kenneth Clark’s Civilisation

One afternoon in 1942, Kenneth Clark and his wife Jane called on two young painters for tea. The artists were John Craxton and Lucian Freud, then both around 20 and sharing a house in St John’s Wood. The visit was a success, as Craxton told me many years later, but not without its awkward moments. Jane Clark had to be headed off from helping in the kitchen, since the oven contained dead monkeys that were currently serving as models, placed there to restrict the smell. After consuming a flan cooked by Lucian’s mother and viewing the artists’ work, the Clarks decided to return to what Craxton described as ‘the Olympian heights of Upper Terrace House, Hampstead’, where they lived.

Would Obama bomb Iran?

What is worse: Iran with the Bomb or bombing Iran? This is a question we must reconsider as diplomats return to Vienna this week to discuss Iran’s nuclear programme. Of course, we all hope that the negotiations will result in a lasting diplomatic accord that resolves the Iranian nuclear challenge once and for all. The election of a new and more pragmatic Iranian president, Hassan Rouhani, last August and the successful conclusion of an ‘interim’ nuclear pact in November mean that the prospects for a ‘comprehensive’ settlement have never been brighter.

Rape suspects need anonymity

As I came into Parliament last Thursday, I swung by the newspaper stand  to take a brief look at the headlines. ‘Oxford Union president, 21, arrested on suspicion of rape and attempted rape,’ said one. My heart sank. A photo of the beaming Oxford Union president, Ben Sullivan, dominated the front page in his swanky dinner jacket. He looked as if he had the world before him — until, that is, the police knocked on his door, warrant in hand. ‘Are you Ben Sullivan?’ they would have asked. The long, lonely journey to the police station would have followed, leading him in the opposite direction to his ambitions. I should know. A similar journey took me from my home to Preston police station in the early hours of 4 May last year.

The gilded generation – why the young have never had it so good

[audioplayer src="http://traffic.libsyn.com/spectator/TheViewFrom22_8_May_2014_v4.mp3" title="James Delingpole and Daniel Knowles discuss the gilded generation" startat=42] Listen [/audioplayer]No one likes being told they’ve never had it so good. When Lord Young of Graffham tried it three years ago, he was quickly forced out of his job as David Cameron’s enterprise adviser. And rightly so, you might think, for it was an affront both to the evidence before our eyes and to our most basic human instinct: that the past was golden and ahead of us lies only misery, penury, falling standards, overcrowding and the on-going destruction of our once green and pleasant land.

No, Putin didn’t plot to invade Ukraine. But now he might have to

So what, exactly, does Vladimir Putin want? ‘To start World War Three,’ according to the embattled Ukrainian prime minister Arseny Yatseniuk. ‘To rule as president for life with powers on par with the tsars,’ according to Alexei Navalny, leader of Russia’s tiny opposition. To ‘force a major change of boundaries on Europe… and break the post-Cold War consensus,’ according to Radek Sikorski, Poland’s foreign minister. Actually, Putin himself has always been rather clear about his ambitions. ‘Russia has been a great power for centuries, and remains so,’ Putin told the State Duma in his first speech as prime minister, back in August 1999.

Did most women want the vote?

One way or another, we’re going to be seeing quite a lot of Helena Bonham Carter and Carey Mulligan in ankle-length coats with pale faces this season. They’re in the film Suffragette, which has been shooting in the House of Commons in recent weeks. The suffrage campaign was not only successful, it was successful to the extent that any other course now seems a bit preposterous. But what’s rarely mentioned is that the bulk of the resistance to it was from other women. It’s quite easy to visualise the suffrage campaign in terms of men vs women and that’s obviously the focus of the film. But the fact is, lots of women campaigned against being given the vote on the basis that it was unwomanly.

When did it become OK to be boring?

[audioplayer src="http://traffic.libsyn.com/spectator/TheViewFrom22_8_May_2014_v4.mp3" title="Cosmo Landesman and Lara Prendergast debate if the bores have taken over" startat=1297] Listen [/audioplayer]I can remember back in the 1970s when a girlfriend of mine, sensing my lack of interest in her very long and very detailed analysis of the lyrics of Bob Dylan suddenly said, ‘Am I boring you?’ Of course she was. And of course I denied it. Why? Because it was a hurtful and embarrassing thing to say to someone. Back then to be seen as boring was the verbal equivalent of having bad breath or body odour. But today no one worries about boring other people — or being branded a bore.

Sugata Mitra interview: ‘A reduction in resources can cause something nice to happen’

Fifteen years ago, Sugata Mitra, a scientist from Calcutta, conceived of an interesting experiment. He went to a slum in Delhi, installed a computer into a public wall in the manner of a cash machine, then he waited to see what would happen. As he had expected, the local children crowded round and began to experiment — but what he had not expected was how very quickly the kids mastered the basics of computing and began to search the internet for new areas of study. Professor Mitra was astonished by how fast the kids learnt, especially given that they hardly spoke English. But as he observed the group, he realised one reason for their success: they were co-operating; reading in groups; solving problems together.

I am ready to talk about my death. Is anyone else?

It is October 2012 and my ovarian cancer is back. As we wait to see the consultant I say to my best friend, ‘We are going to Mexico this weekend to get that stuff so I can kill myself. We’ll probably get killed by drug barons.’ My consultant says I have three years. I agree to more chemo and ask: ‘Can I go to Mexico?’ She looks baffled. It is February 2013 and the consultant is discussing hospices. She is eight months pregnant. I don’t tell her about the Mexican barbiturate in the fridge. I do tell the nice hospice counsellor, though. She goes white. ‘The drug dealers seem to have a good reputation.’ She isn’t reassured. ‘It works on large animals and I’m no bigger than a small donkey or a big dog.

E-cigarettes are making tobacco obsolete. So why ban them?

If somebody invented a pill that could cure a disease that kills five million people a year worldwide, 100,000 of them in this country, the medical powers that be would surely encourage it, pay for it, perhaps even make it compulsory. They certainly would not stand in its way. A relentless stream of data from around the world is showing that e-cigarettes are robbing tobacco companies of today’s customers — and cancer wards of their future patients. In Britain alone two million now use these devices regularly. In study after study, scientists are finding e-cigarettes to be effective at helping people quit, to show no signs of luring non-smokers into tobacco use and to be much safer than their noxious competitors.

Save the male! Britain’s crisis of masculinity

[audioplayer src="http://traffic.libsyn.com/spectator/TheViewFrom22_1_May_2014_v4.mp3" title="Diane Abbott and Isabel Hardman discuss the crisis of the British male" startat=48] Listen [/audioplayer]Last week saw another victory in the battle for equal pay. Workers in Swansea are now looking forward to receiving around £750,000 in back pay after the university that employs them decided to close the gender pay gap. Vive la révolution! The only unusual thing about this case was that the workers in question were men, not women. The male cleaners, plumbers and carpenters at the University of Wales, Trinity St David, had discovered that they earned around £4,000 less than female colleagues.