Features

Thursday

Javier Blas

The commodity kings: have traders finally discovered a moral compass?

Many people around the world were glued to their screens in horror on 4 March, as they watched Russian shells raining down on Ukrainian cities. On a trading floor in central London, the oil traders at Shell were also glued to their screens – but watching the price of Russian oil. It was becoming a lot cheaper than normal (Brent) oil, due to the understandable reluctance to support Putin. But then again, everyone has their price. The Shell traders watched, and waited, as every minute the price was lowered further– to a $23 a barrel discount, then a $24 discount, then a $25 discount. Finally, at around 4 p.m., the traders could no longer resist. They agreed to buy the Russian oil at $28.50 below the world oil price (then just over $118).

Kate Andrews and Max Jeffery

Border farce: Britain is failing Ukraine’s refugees

 Calais, France ‘The British government is not turning anybody around,’ Priti Patel told her French counterpart last weekend. ‘Ukrainian refugees are welcome in the UK.’ She doubled down on her claims in the House of Commons on Monday: ‘It is wrong to say that we are just turning people back; we are absolutely not.’ You don’t have to spend long in Calais to disprove the Home Secretary’s claims. As we checked into our hotel at 1.30 a.m. on Tuesday, we saw seven Ukrainian refugees resting on the couches in the lobby. There was nothing eye-catching about the group, apart from their obvious weariness and the pile of Ukrainian passports and documents on the table in front of them.

Owen Matthews

My one-way ticket out of Moscow

Things fall apart. Moscow friends call to say that I have to urgently send my 19-year-old son out of Russia. He is travelling on his Russian passport and a new law says that he is obliged to register for the military draft. Nikita is on a gap year working at a Moscow theatre and he begs not to be sent away. I dismiss the warnings. A day later, a friend’s nanny shows up at our door and hands me an inch-thick packet of high-denomination euros to take out of the country for her employer. The money’s owner is already en route to Israel on a private jet. I overrule my son and open up Skyscanner. Europe, the US and Canada have closed their airspace to Russian planes and the Kremlin has reciprocated. Istanbul is the only European destination still accepting flights from Moscow.

Gus Carter

Are you man enough to eat raw offal?

The dominant wolf gets the liver, at least according to the American podcaster Joe Rogan. In one episode, a bodybuilder called ‘CarnivoreMD’ (real name Paul Saladino) tells him: ‘If you eat liver, you get to be an alpha male… or alpha female.’ Offal has taken a markedly macho turn in recent years. No longer resigned to memories of the postwar school canteen, organs have become the preferred food of a certain type of gym bro. The word offal implies wastage – from the Middle Dutch for offcuts – but it can also be a delicacy. Recently saved from a government ban on cruel foods, foie gras is only the most obvious example. For the most part, though, the West has become squeamish about what was once called ‘variety meat’.

Aleks Szczerbiak

The war is redefining Poland’s place in the world

The Polish government has for years been something of a pariah on the liberal international stage. Poland’s ruling Law and Justice party, which is firmly on the political right, is at odds with the EU establishment, particularly over its judicial reforms, which critics say will threaten the key democratic principle of separation of constitutional powers. The EU accuses Poland of undermining the ‘rule of law’ and the European Commission is, as a result, withholding the billions of euros that Poland is due from the Union’s coronavirus recovery fund. Russia’s invasion of Ukraine could transform all that. The war raises some almighty diplomatic, economic, security and humanitarian challenges for Poland as Ukraine’s neighbour.

Katy Balls

Nadhim Zahawi: how I escaped Saddam’s Iraq

One night in December 1977, when Saddam Hussein was deputy leader of Iraq and already the strongman of the government, Nadhim Zahawi’s father was tipped off that Saddam’s secret police were after him. Zahawi, a Kurd working in Baghdad, decided to leave right away. He phoned the office to say that he was travelling to the north of the country for work and quickly set about his escape. The Baathist secret police did come for him that night, but by the time they arrived at his house, he was at Baghdad International Airport with a ticket to London.

Thursday

Rana Mitter

Could the Ukraine war save Taiwan?

The phrase wuxin gongzuo – ‘working with your mind on Ukraine’ – has been trending on Chinese social media network Weibo. Essentially what it means is ‘distraction from work because you’re obsessed with the war’. One blog that monitors the site, What’s on Weibo, reports that shortly after Russia’s invasion of Ukraine a page with updates on the conflict had received more than two billion views. Censorship, of course, limits what Chinese social media commentators can say, but there is clearly plenty of sympathy for the dying civilians and fleeing refugees.

Nick Robinson

My escape from Kiev

I spent my last night in Kiev in the ‘Presidential Suite’ of a city hotel – what used to be known as the underground car park. The general manager, a man whose name I never knew but who I hugged tightly before leaving, had promised to make it a shelter for guests who hadn’t checked out by the time it was clear that war was looming. We stayed there with his staff, their young children and elderly parents, their dogs and cats too. It is still the home of the BBC staff who remain in Kiev: the reporters and presenters you know as well as those whose roles are just as important but whose names you seldom hear.

Wolfgang Münchau

Germany’s attitude to Russia is changing. Does it go far enough?

It’s hard to overstate the pace of the change now under way in Germany. A country that had been defined by its reluctance to deploy military force is now sending lethal weapons to Ukraine and promising €100 billion more in defence spending. The Nord Stream 2 pipeline, which would have ferried more Russian gas to Germany, has been abandoned. Germany has accepted Russia’s exclusion from the Swift banking system, in spite of the collateral economic damage. All of this adds up to the biggest policy shift that I can remember. Perhaps the most significant change is in the tone of German public debate. Take last weekend’s gathering of 100,000 on Berlin’s streets: it was not your usual anti-war protest.

Philip Patrick

In Japan, being a token westerner is big business

About ten years ago I was interviewed in Tokyo for a job as a fake Catholic priest, performing wedding ceremonies for Japanese couples who wanted the aesthetics of a Christian service without all the hassle of actually being Christian. In a room cluttered with tacky plastic religious paraphernalia I watched a training video of the company’s ‘top man’, an American Tom Cruise-lookalike in a cassock, ‘marrying’ a young couple. I was offered the job and it paid well but, fearing I might fluff my lines, collapse into giggles or, worst of all, come face to face with an ex-girlfriend approaching down the aisle, I turned it down.

David Abulafia

Were old children’s history books racist?

If Brighton and Hove Council has its way, children as young as seven are to be taught about the ‘white privilege’ supposedly derived from 500 years of colonialism. But is it true that the history we have been learning from childhood has been infused with the great isms of our day – colonialism, imperialism and racism? I thought I would test this on a small scale by going back to the first history books I read. H.E. Marshall, who wrote Our Island Story, was also the author of the knockabout book Kings and Things. She knew all about trigger warnings: ‘The story of England,’ she proclaimed, ‘is thought to be a story too frightening or too difficult for the very young person’s understanding.

Laurie Graham

The untimely death of the landline

I can count on the fingers of one hand the people I know who still have a landline telephone, and I am not among them. Getting one installed in my new home is feasible but why, my children ask, would I bother? I have a mobile phone, albeit a very basic one, and what more can a person need? To anyone under the age of 50, retaining a landline seems like a fogey-ish affectation. Indeed, one of my daughters has a rotary-dial handset, not as a back-up phone but as an ironic décor item. Because if you’re wearing a belt, why have braces? For mobile users there’s the back-up possibility of something called a cloud. Otherwise, nothing. You entrust your appointment diary, address book and photo collection to one device: your mobile phone.

Harry Wallop

Why are so many classic British brands going downmarket?

Huntsman, at No. 11 Savile Row, was once an understated beacon of good taste. But if you visit today, you are likely to be met by a gaggle of tourists posing for selfies in front of the window across which is splashed in very large letters: ‘The King’s Man, only in cinemas now.’ The tailor, which dressed the Duke of Windsor in his bachelor days, provides both the inspiration and location for this fun, if silly, spy movie franchise, the latest of which stars Ralph Fiennes. Unfortunately, cinematic fame has led to the brand losing its bearings.

Owen Matthews

Putin’s rage: the Russian President won’t be easy to topple

 Moscow How will Vladimir Putin’s hold on power end? Will he be quietly retired by Kremlin rivals angry at a national humiliation, like Nikita Khrushchev after the debacle of the Cuban missile crisis? Deposed by KGB men even more hawkish than himself, like Mikhail Gorbachev? Overthrown by a popular revolt, like Tsar Nicholas II? Or will he die in his bed still the undisputed tyrant of a police state, like Joseph Stalin? Prediction has become a risky business in Russia ever since Putin threw his usual calculation and caution to the wind and launched a rash and fundamentally unwinnable war against Ukraine.

Thursday

Gerald Frost

The fall guy: Tom Hayes, Libor and a miscarriage of justice

In August 2015, Tom Hayes, then aged 34, was sentenced to 14 years’ imprisonment after being found guilty on eight charges of conspiracy to commit fraud when working as a yen derivatives trader in Tokyo. Hayes was alleged by the Serious Fraud Office to be the grand ‘ringmaster’ of a group of traders who sought to enrich their banks and themselves by rigging Libor, the rate charged for interbank loans. His sentence was reduced to 11 years on appeal but it is still one of the longest--ever jail sentences handed out by a British court for a white-collar crime. A subsequent court hearing ordered the seizure of assets worth more than £800,000, while legal fees consumed the remains of his personal wealth including the proceeds from the sale of his family home.

Niall Ferguson

Vlad the Invader: Putin is looking to rebuild Russia’s empire

‘War’, in Prussian military theorist Carl von Clausewitz’s most famous dictum, ‘is nothing but a continuation of politics with the admixture of other means.’ A generation of Democrats — the American variety, but also European Christian and Social Democrats — have sought to ignore that truth. Appalled by the violence of war, they have vainly searched for alternatives to waging it. When Vladimir Putin ordered the annexation of Crimea in 2014, Barack Obama responded with economic sanctions. When Putin intervened in the Syrian civil war, they tried indignant speeches. When it became clear that Putin intended a further and larger military incursion into Ukraine, Joe Biden and his national security team opted for sanctions once again.

Owen Matthews

Has Putin lost the plot?

Sitting alone at the end of an absurdly long table or marooned behind a vast desk in a palatial hall, Vladimir Putin’s idea of social distancing has gone beyond the paranoid and into the realm of the deranged. His distance from reason and reality seems to have gone the same way. In little more than 48 hours, Putin’s sensible, peace-talking statesman act flipped into something dark and irrational that has worried even his supporters. As Putin’s hour-long address announcing official recognition of the breakaway republics of Donbas went out on Monday, a producer on Kremlin-controlled TV texted me: ‘Boss okhuyel [the boss has wigged out].’ Indeed.

Ian Harrow

The delicate business of writing poetry

Living, as Clive James put it, under a life sentence, and having refused chemotherapy, I find I respond to the time issue in contradictory ways. On the one hand, I read avidly, almost as if I’ll be tested at some later date. I am morbidly well-informed on current affairs, the status of the old white male and the situation in Ukraine. I crawl through Lucretius and Horace in search of wisdom. On the other hand, I avoid my favourite filmic masterworks (Chinatown, On the Waterfront, The Remains of the Day, Saturday Night and Sunday Morning) in favour of Secret Army, The Edgar Wallace Mystery Theatre and any 1950s thriller that features frequent chases to some Tudoresque Surrey cottage. In other words, everything that is unreal, out of reach, leaving no trace and comfortably mediocre.

John Keiger

Why does Macron keep meddling in international crises?

Just two months from the presidential elections, Emmanuel Macron’s self-belief and risk-taking — not to mention setbacks — seem to know few bounds. And no more so than in foreign affairs. Following the French President’s telephone conversation with Vladimir Putin over Ukraine on 20 February, the Elysée triumphantly announced that a Biden-Putin summit was agreed in principle, only for the Kremlin to pour cold water on the idea the next morning. Washington then followed suit, before Putin announced the recognition of the two breakaway Ukrainian republics of Donetsk and Luhansk.

Cosmo Landesman

Why men of a certain age love to get naked

Something very strange happens to men as they get older: they like to go nude. I don’t mean they become practising nudists who seek out and enjoy the company of others of their kind. But unlike most younger men, they feel no embarrassment or regret at being seen naked. Consider the recent battle between one nude man and his neighbour. Simon Herbert (54) was in his Oxfordshire garden mending a fence when he spotted his next-door neighbour — Air Marshal Andrew Turner (54), the RAF’s second-in-command — strolling naked in the paddock of the cottage Turner shares with his wife. Herbert says that his partner and stepdaughter caught an eyeful of the nude air marshal too.