22/10/2022
22 Oct 2022

The lady vanishes

22 Oct 2022

The lady vanishes

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Features
James ForsythJames Forsyth
The lady vanishes: the Truss agenda is dead

‘Governments don’t control markets,’ the new Chancellor, Jeremy Hunt, likes to say. But there are times when markets control governments. The market, or the fear of how the market might react, is now the driving force in British politics. It explains the dramatic developments of the past week and will determine the new Prime Minister’s fate. Last month’s ‘mini-Budget’ was doomed because it required that the government borrow £70 billion more than had been planned.

The lady vanishes: the Truss agenda is dead
Kate Andrews
What will the Halloween Budget bring?

Liz Truss did not think that spending cuts would be a major part of her agenda. She and her first chancellor, Kwasi Kwarteng, were confident that markets, having lent Britain billions of pounds to cover the cost of the lockdowns, would be more than happy to do the same to transform the economy. Their argument was, as it turned out, calamitously wrong. The miscalculation cost Kwarteng his job and the Prime Minister her power.

What will the Halloween Budget bring?
Freddy Gray
How bad will the midterms be for the Democrats?

Towards the end of the summer, almost in a spirit of contrarianism, well-informed Americans started talking about President Joe Biden and the Democrats winning again. It had been a bad year, these pundits conceded, but Biden was suddenly on a ‘hot streak’ and, as the November midterms approached, the Democratic party finally had some political momentum. The President had passed the Inflation Reduction Act, they said, which addressed the most pressing issue facing voters.

How bad will the midterms be for the Democrats?
Noel Malcolm
Will The Parthenon Project seize the Elgin Marbles?

Thirty-five years ago, the late Christopher Hitchens published a book about the Elgin Marbles. Unsurprisingly, it was a polemical work; he was passionately campaigning for the return of the sculptures to Athens. But that was not the reason why I wrote a scathing review of it for The Spectator. Parts of it were plagiarised, as I showed, from the classic book by William St Clair; and in some places Hitchens dealt with the awkward fact that the evidence did not fit his claims by abbreviating the quotations, filtering out the unwanted bits.

Will The Parthenon Project seize the Elgin Marbles?
Matt Ridley
What’s killing our birds?

If you are a bird, any kind of bird, the current pandemic of avian influenza rampaging through your kind is far more terrifying than anything the hairless apes on the ground below experienced in 2020 and 2021. Britain’s seabirds – guillemots, gannets, gulls, kittiwakes and skuas – have been hardest hit because they breed in dense colonies, facilitating infection. The death toll this summer among 2,600 sandwich tern chicks on Coquet island, off the Northumberland coast, approached 100 per cent.

What’s killing our birds?
Lawrence Osborne
The strange inspiration of the Gobi desert

The first time I went to Mongolia was in 2014, when I travelled across the country with the actress Michelle Rodriguez and a group of her friends, courtesy of the Mongolian-American conservationist Jalsa Urubshurow. Driving out of Ulaanbaatar at dawn, we stopped at a market on the outskirts of the city to buy caviar, blinis and crates of Chinggis vodka for the 12-hour drive. Because I was not a follower of the Fast & Furious franchise, I had little idea who Michelle was, but every vendor in that tiny market knew her on sight.

The strange inspiration of the Gobi desert
Charles Moore
The case against a stripped-back coronation

The last King Charles was crowned in 1661. Samuel Pepys attended the ceremony. He was captivated by ‘the sight of all these glorious things… sure never to see the like again in this world’. He later became so merry, he told his diary, that ‘my head began to turne and I to vomitt…Thus did the day end, with joy everywhere’. We live in a more decorous age, but I think Pepys imbibed the right spirit. The coming coronation of King Charles III should be joyful too.

The case against a stripped-back coronation
James Ball
The descent of Mark Zuckerberg

Mark Zuckerberg is in a lot of trouble. He has turned away from the slog of running Facebook to focus almost entirely on his ‘metaverse’, a vision of the internet where people enter interactive virtual spaces using virtual reality (VR) headsets. He has pledged investment of at least $10 billion a year for a decade, and investors have been told that profits will be lower for the next decade as a result. He saw the digital future once.

The descent of Mark Zuckerberg
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