Movies As Education: Books and Selves

La Notte (English: The Night) is a 1961 Italian drama directed by Michelangelo Antonioni. The film stars Marcello Mastroianni, Jeanne Moreau, and Monica Vitti (with Umberto Eco, the novelist, appearing in a cameo).

Filmed on location in Milan, the film depicts a day in the life of an unfaithful married couple and their deteriorating relationship.

In 1961, La Notte received the Golden Bear (at the Berlin International Film Festival, the first for an Italian film) and the David di Donatello Award for Best Director.

La Notte is the central film of a trilogy, beginning with L’Avventura (1960) and ending with L’Eclisse (1962).

The movie follows Giovanni Pontano (Marcello Mastroianni), a distinguished writer, and his beautiful wife Lidia (Jeanne Moreau) as they visit their dying friend Tommaso Garani (Bernhard Wicki) who is hospitalized in Milan. Giovanni’s new book, La stagione (The Season), has just been published, and Tommaso praises his friend’s work.

La Notte reflects the director’s intuition that “you are what you read,” and books create a kind of thread through the story.

The dying, hospitalized patient has recently published an article on the famous philosophical writer Theodor Adorno. At the party the couple drifts into, the works of the AustrianJewish writer, Hermann Broch, are mentioned. Essentially, in a depressing glitzy world of lost and semi-lost souls, reading and books constitute a kind of emotional life raft or direction-finding compass, at least potentially. Antonioni frequently uses this motif.

We find this kind of reading and books-centered view of people interpreting their (bewildering) worlds in the works of the French thinker Charles Péguy (who died in battle during World War I in 1914):

“The Jew,” he declares in a passage that has become famous, “is a man who has always read, the Protestant has read for three hundred years, the Catholic for only two generations.”

(quoted in Consciousness and Society, H. Stuart Hughes, Vintage Books, paperback, 1958, page 355)

Charles Péguy is also central to Louis Malle’s classic French film Au revoir les enfants (English: “Goodbye, Children”).

If we “zoom out” and look for a meta-intelligent lesson, we can say that reading, writing, and arithmetic, the three basics mentioned in the phrase we all know, are very deeply entwined with who we are. Stories explain us to ourselves, and stories involve books and reading in our “Gutenberg world.”

The replacement of these by various (post-Gutenberg) screens and games may or may not be thought of as a variant since they constitute a kind of “pseudo-participation” and not participation based on perusal.

World-Watching: How the G20’s Succession of Developing Country Presidencies Could Help Re-shape the Global Economy

[from Asian Development Bank Institute]

Indonesia’s Group of 20 (G20) presidency in 2022 marks the start of three successive years in which the annual forum of the world’s largest economies will be hosted by developing countries, to be followed by India in 2023 and Brazil in 2024.

In this podcast, Pramod Bhasin, Chair of the Indian Council for Research on International Economic Relations (ICRIER), discusses India’s G20 presidency countdown and policy imperatives. He also describes the outlook for Indonesia, India, and Brazil’s G20 presidencies and their potential significance for the global economy.

[Archived podcast MP3]

Read the transcript. [Archived PDF]

View the full playlist of audio insights into ADBI’s ideas for developing Asia and the Pacific.

Movies As Universities: The Case of So Ends Our Night

So Ends Our Night is a riveting and moving 1941 movie version of Erich Remarque’s classic novel Flotsam (English, GermanLiebe deinen Nächsten).

You may remember Remarque as the author of the international best-seller All Quiet on the Western Front, a big success in movie theatres of that time. Thomas Mann generally is considered the premier German writer of the twentieth century, and while that’s true in terms of prestige perhaps, Remarque is a more gripping German author.

Flotsam tells a great story about stateless refugees during the Nazi nightmare circa 1937. (One should immediately sense the resonance in our time with the millions of political and climate refugees, exiles, fugitives, and victim peoples like the Rohingya of Myanmar and the Uyghurs of Xinjiang, China, experiencing cultural genocide. We might extend this list to the Tutsis of Rwanda in 1994, the European Jews of World War II, and the Armenians of 1915 in the Ottoman Empire massacres. One could add the Chinese in Indonesia who experienced a genocidal pogrom in 1965. (Think of the movie, The Year of Living Dangerously with Mel Gibson.)

The movie So Ends Our Night, based on Remarque’s great work Flotsam, shows Fredric March and Glenn Ford playing supremely harried stateless refugees, hounded all through Europe, in a nightmare of life “without a country,” passport, visa, citizenship.

Glenn Ford is only half-Aryan and is in danger of being murdered by the Nazi crazies. Fredric March is not racially endangered, but as an opponent of Hitler’s regime and a dissenter could be murdered for that treason. Both are in a “having no passport” hell.

Between minutes 23 and 24 of this movie, March explains to Glenn Ford’s 19-year-old on the run like he is:

“Individuals or nations, it’s all the same, as long as they’re safe and comfortable they don’t give a hoot about what happens to anybody else.

There’s the misery of the world.

That’s why progress is so slow and things slip back so fast.”

With some reflection, you’ll probably see the deep point March makes about global history and “the way of the world” plainly expressed without camouflaging the truth.

You can learn quite a bit if you ponder this movie conversation, with both refugees sitting under a tree, harried and distressed, in a nightmarish emergency.

Thus, So Ends Our Night can be a movie-as-university for you and feed your meta intelligence.

Movies as a Parallel University: The Case of Romantic Imperialism

When we think of romantic imperialism, we think of Rudyard Kipling’s poems, Winston Churchill’s The River War and perhaps Teddy Roosevelt’s macho “strenuous life” romanticized militarism (which the neocons somewhat knowingly aped to get the U.S. to invade Iraq in 2003). We should also recall British movie classics like The Four Feathers and “deflationary” versions of these jingoistic notions in The Man Who Would be King. During the 1930s, the Hungarian brothers Alexander & Zoltan Korda created many classic empire-celebration films in London, such as 1935’s Sanders of the River.

The Nigerian writer Chinua Achebe’s attack on Joseph Conrad’s Heart of Darkness as a kind of toxic “othering” of all Africans is a culmination of these imperial and anti-imperial tendencies.

Lastly, Maupassant’s classic Bel-Ami represents Algeria as a “colonial badlands” for French domination, killing, despoiling, profiteering, and later culminates in Meursault’s random murder of an Arab again in Algeria in Camus’ classic The Stranger. This literary concatenation also fits into this set of colonial imperial phenomena.

Niall Ferguson (the famous Harvard/Stanfordempire enthusiast”) finds his forerunner in the 1940 classic movie Beyond Tomorrow. The following “row” takes place on Christmas Eve between Chadwick (the Niall Ferguson imperialist) and Melton who sees empire as land-grabbing which you can dress up and prettify any way you like (“a grab is a grab,” he says):

Allan Chadwick: I tell you England’s territorial expansion had quite a different significance.

George Melton: No matter how thin you slice it, a grab is a grab.

Allan Chadwick: Grab?

That’s a specious term. England carried civilization into the wilderness. What was Australia before she redeemed it from the Aborigines?

Allan Chadwick: The truth is there isn’t an acre of the Empire that isn’t proud to fly the British flag.

The quick irritated exchange from Beyond Tomorrow is a good example of this eternal argument, allowing you to then “jump off” from this movie-as-university to do more exploring.

Webinar: Creating Differentiation in an Increasingly Competitive Logistics Market

[from FreightWaves]

You can’t control what you can’t see. The market is feverishly growing as more 3PLs see visibility as a strategic advantage. Given the communications and compliance blind spots in a supply chain where double loading and double brokering have become more common and 3PLs are turning to unfamiliar carriers in a search for capacity, 3PLs with superior technology can separate themselves from the pack. 

Join FreightWaves as they partner with Overhaul for a live webinar on Thursday, August 4 at 11 AM ET (45 minutes), where they will discuss how you can win in the current market not just by being reliable—but by being transparent and proving the integrity and security of the products you’ve been trusted to move.

Featured speakers will include:
• Frankie Mossman, Chief Customer Officer, Overhaul
• Sara Lieser, Senior Vice President of Partnerships, Overhaul 

Register today to join FreightWaves & Overhaul for the live session.

Bond-Watching: Corporate Bond Market Distress Index, July 2022

[from the Federal Reserve Bank of New York]

The Corporate Bond Market Distress Index (CMDI) has updated with data through July 2022 on the New York Fed’s public website.

The CMDI uses weekly metrics to construct an aggregate index of corporate bond market conditions for both the primary and the secondary markets.

The CMDI will be updated regularly at 10:00 a.m. ET on the last Wednesday of each month. Data are available for download. Sign up to receive alerts when the New York Fed posts new content.

July 2022 Update

Access the Corporate Bond Market Distress Index.

The Early Universe and the Future of Humanity/Xi Risks Losing the Middle Class

[from The Institute of Art and Ideas]

The Life and Philosophy of Martin Rees

An Interview with Martin Rees

Astronomer Royal and best-selling science author, Martin Rees pioneering early work led to evidence to contradict the Steady State theory of the universe and confirm the Big Bang. His influence then spread to the wider public—knighted in 1992, elevated to Baron in 2005, then giving the Reith Lectures in 2010. Most recently his attention has turned from the early universe to the future of humanity. In this interview, Lord Rees discusses the ideas and experiences which led to such an illustrious career.

Xi Risks Losing the Middle Class

The zero-COVID strategy has run its course

Kerry Brown | Professor of Chinese Studies and Director of Lau China Institute, King’s College London. He is the co-editor of the Journal of Current Chinese Affairs, and author of Xi: A Study in Power.

China is continuing with its tough zero-COVID policy. But the cracks in the economy and a discontent middle class mean that Xi’s Imperial-like governing style is under challenge, writes Kerry Brown.

China’s zero-COVID strategy operates in Chinese domestic politics a bit like Brexit does in the UK. Despite complaints from business networks and broader society about the negative impact on economic growth and citizens’ freedoms, it’s a policy commitment the government is sticking to no matter what.

Of course, no one voted for the draconian lockdowns implemented across China. And, unlike Brexit, the lockdowns are very much in line with expert advice in the country, rather than running against it. The Chinese Centre for Disease Control and Prevention (CCDC), the main governmental body advising the government over crisis response in this area, said in a weekly update last November that without comprehensive restraints on people’s movement and quarantines on anyone testing positive for the virus, the national health system would soon be overwhelmed with cases, and find itself in the same bind as those in the US or Europe did.

That the words of the experts have been taken so much in earnest is striking for a regime that previously hasn’t been shy to dismiss them. The Xi leadership may be confident in the way it speaks to the outside world, but it seems that it has the same profound wariness in the robustness of the country’s public health as everywhere else. Things have not been helped by clinical trials showing the Chinese vaccines – the only ones accepted in China – are not as effective as foreign ones where the length of protection is in question). On top of this, vaccine take-up by the elderly, the most vulnerable group, has been poor. It is easy to see therefore why the central government might be very cautious. What is harder to understand, however, is why the cautiousness has bordered on obsessiveness.

The Xi way of governing is increasingly almost imperial in style, with broad, high-level policy announcements made in Beijing, sometimes of almost Delphic succinctness.

One scenario is simply about the structures of decision-making in China. This was an issue right from the moment the variant started to appear in late 2019, and local officials in Wuhan stood accused of trying to hush the issue up, delaying reporting to the central authorities till things had already gone on too long. As a result of this, in February 2020 key officials in the city were sacked. But this is unlikely to change the fact that provincial officials are very risk averse under Xi, and that any central direction to manage the pandemic will be interpreted in the purest terms and executed to the letter.

This explains the completeness of the Xian government’s virtual incarceration of its 8 million population after just a few COVID cases at the end of 2021, the first of the more recent lockdowns. It also explains why the traditionally more free-thinking municipal authority of Shanghai and its similarly liberal approach was fiercely knocked back by Beijing last February, to make an example for any other provinces thinking of going their own way. The absolute prohibition on people moving from their homes there, in one of the most dynamic and lively cities of modern China, was perfect proof that if the government could bring about this situation there, it could do it anywhere.

This case study also reveals some important things about the Xi way of governing. It is increasingly almost imperial in style, with broad, high-level policy announcements made in Beijing, sometimes of almost Delphic succinctness, which are then handed down to various levels of government to do as they will. Exactly how and when the discussion amongst Xi and his Politburo colleagues on the best response to COVID happened is unclear. In a world where almost every political system seems to leak incessantly, the Chinese one is unique in maintaining its opacity and secretiveness – no mean achievement in the social media era.

The Communist Party is very aware of how relatively small incidents can mount up and then generate overwhelming force. It itself coined the Chinese phrase ‘a single spark can start a prairie fire.’

Rumors of clashes between Xi and his premier Li Keqiang on the effectiveness of the current response remain just that – rumors, with precious little hard evidence to back them up. Who in the current imperial system might dare to speak from the ranks and say that policy must change is unclear. Scientists should deal in hard facts – but we all know that science is susceptible to politicization. Experts in China have to offer their expertise in a highly political context. A declaration that the current approach is not fit for purpose can easily be reinterpreted as an attempt to launch an indirect attack on the core leader. With an important Congress coming up later this year, at which Xi is expected to be appointed for another five years in power, sensitivities are even more intense than normal. It is little wonder that the COVID strategy status quo settled on last year has not shifted.

Things, however, may well change, and change quickly. China is moving into tricky economic territory. The impact of the pandemic on global supply chains, along with the various stresses domestically on the housing market, and productivity, have shrunk expectations for growth. A predicted 6% in the earlier part of the year now looks overly ambitious. There is a real possibility China might experience a recession. At a moment like this, the government, which after all operates as a constant crisis and risk management entity, might do what it does best and prompt rapid, and dramatic, changes.

The handling of COVID-19 might look like further proof that Chinese politics under Xi is repressive and zero-sum. But even in an autocratic state like the current People’s Republic, the pandemic will not leave politics unchanged.

This doesn’t mean that China’s COVID-19 bind gets any easier. Like the country’s serious demographic challenges, with a rapidly aging population, the only thing the government will be picking an argument with is reality as it proceeds into the future. As with Europe and the US, being more liberal about facing COVID-19 will involve accepting some of the harsh consequences – rising fatalities, particularly for the elderly and vulnerable, and health systems put under enormous stress. In such a huge, complex country, and of enormous geopolitically importance, a misstep could easily lead to huge and unwanted consequences, generating discontent and triggering mass protests in a way reminiscent of 1989. The Communist Party is very aware of how relatively small incidents can mount up and then generate overwhelming force. It itself coined the Chinese phrase ‘a single spark can start a prairie fire.’ One such spark – the introduction of Marxism into China in the 1910s – led to its gaining of power three decades later.

The handling of COVID-19 might look like further proof that Chinese politics under Xi is repressive and zero-sum. But I suspect that even in an autocratic state like the current People’s Republic, the pandemic will not leave politics unchanged. In particular, the middle classes in cities like Shanghai have had their patience tested in recent months. This is the key group for Xi, the heart of his new innovative, more self-dependent, higher-quality service sector workers in an urbanized economy. Their support remains crucial if Xi is able to steer China towards the moment when it hopes it will become the world’s largest economy. Policies to try to placate them by addressing imbalances, critical environmental issues and improving public health are likely to only increase. Delivery however will be key.

Faced with a potentially life-threatening infectious disease, the Party can throw out injunctions and claim it has been the victim of bad luck. But an ailing economy and no clear signs of the government knowing how to manage this will prove a toxic mixture for it. Xi and his third term in office will be all about delivery. The question is whether, even with the formidable suite of powers he has, he can do this. Governing China has always been the ultimate political challenge. COVID-19 has made that even harder.

Carbon-Watching: Will Civilization Collapse Because It’s Running Out of Oil?

[from the Post Carbon Institute]

Abstract

This paper [Archived PDF] assesses how much oil remains to be produced, and whether this poses a significant constraint to global development. We describe the different categories of oil and related liquid fuels, and show that public-domain by-country and global proved (1P) oil reserves data, such as from the EIA or BP Statistical Review, are very misleading and should not be used. Better data are oil consultancy proved-plus-probable (2P) reserves. These data are generally backdated, i.e. with later changes in a field’s estimated volume being attributed to the date of field discovery. Even some of these data, we suggest, need reduction by some 300 Gb for probable overstatement of Middle East OPEC reserves, and likewise by 100 Gb for overstatement of FSU (floating storage unit) reserves. The statistic that best assesses ‘how much oil is left to produce’ is a region’s estimated ultimately recoverable resource (URR) for each of its various categories of oil, from which production to-date needs to be subtracted. We use Hubbert linearization to estimate the global URR for four aggregate classes of oil, and show that these range from 2500 Gb for conventional oil to 5000 Gb for ‘all-liquids’. Subtracting oil produced to-date gives estimates of global reserves of conventional oil at about half the EIA estimate. We then use our estimated URR values, combined with the observation that oil production in a region usually reaches one or more maxima when roughly half its URR has been produced, to forecast the expected dates of global resource-limited production maxima of these classes of oil. These dates range from 2019 (i.e., already past) for conventional oil to around 2040 for ‘all-liquids’. These oil production maxima are likely to have significant economic, political and sustainability consequences. Our forecasts differ sharply from those of the EIA, but our resource-limited production maxima roughly match the mainly demand-driven maxima envisaged in the IEA’s 2021 ‘Stated Policies’ scenario. Finally, in agreement with others, our forecasts indicate that the IPCC’s ‘high-CO2’ scenarios appear infeasible by assuming unrealistically high rates of oil production, but also indicate that considerable oil must be left in the ground if climate change targets are to be met. As the world seeks to move towards sustainability, these perspectives on the future availability of oil are important to take into account.

Read the full paper. [Archived PDF]

U.S. Pension-Watching: Interest Rate Update: July 2022

[from the U.S. Pension Benefit Guaranty Corporation]

Updated information is now available about the interest rates used to determine the “premium funding target” [external charts] (i.e., the present value of vested benefits) for variable-rate premium (VRP) purposes unless the plan has an election in effect to use the Alternative Premium Funding Target.

Because the following interest rates are updated on a quarterly basis, no updates are available for the following interest rates at this time:

Science-Watching: Proton-Coupled Energy Transfer/Omicron Spike Function

[from Science, First Release Notification for July 21]

Proton-Coupled Energy Transfer in Molecular Triads

Abstract

A photochemical mechanism was experimentally discovered and denoted proton-coupled energy transfer (PCEnT). A series of anthracenephenolpyridine triads formed the local excited anthracene state after light excitation at ca. 400 nm, which led to fluorescence around 550 nm from the phenolpyridine unit. Direct excitation of phenolpyridine would have required light around 330 nm, but the coupled proton transfer within the phenolpyridine unit lowered its excited state energy so that it could accept excitation energy from anthracene. Singlet-singlet energy transfer thus occurred despite the lack of spectral overlap between the anthracene fluorescence and the phenolpyridine absorption. Moreover, theoretical calculations indicated negligible charge transfer between the anthracene and phenolpyridine units. PCEnT was suggested as an elementary reaction of possible relevance to biological systems and future photonic devices.

Access the full paper [via institutional access or paid download].

Omicron Spike Function and Neutralizing Activity Elicited by a Comprehensive Panel of Vaccines

Abstract

The SARS-CoV-2 Omicron variant of concern comprises several sublineages with BA.2 and BA.2.12.1 having replaced the previously dominant BA.1, and BA.4 and BA.5 increasing in prevalence worldwide. We show that the large number of Omicron sublineage spike mutations lead to enhanced ACE2 binding, reduced fusogenicity, and severe dampening of plasma neutralizing activity elicited by infection or seven clinical vaccines relative to the ancestral virus. Administration of a homologous or heterologous booster based on the Wuhan-Hu-1 spike sequence markedly increased neutralizing antibody titers and breadth against BA.1, BA.2, BA.2.12.1, and BA.4/5 across all vaccines evaluated. Our data suggest that although Omicron sublineages evade polyclonal neutralizing antibody responses elicited by primary vaccine series, vaccine boosters may provide sufficient protection against Omicron-induced severe disease.

Read the full paper. [Archived PDF]