Explore the emotional toll on journalists in tumultuous political times, including personal health scares and their impact on political perspectives. Delve into the challenging dynamics of identity and nationalism in British politics, as well as the influence of social media on public discourse. Engage with thoughts on navigating despair amid global crises like climate change. Finally, contemplate the resilience of democracy in chaotic landscapes and the potential for positive change against authoritarianism.
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Heart Attack and Political Reflection
Rafael Behr suffered a major heart attack on New Year's Eve 2019 at age 44.
This event prompted him to reassess his relationship with politics and its impact on his well-being.
insights INSIGHT
Stressful Period in British Politics
The period between 2016 and 2019 in British politics was particularly stressful for Behr.
The Brexit referendum and its aftermath significantly impacted his sense of belonging.
insights INSIGHT
Nationalism vs. Patriotism
Behr defines nationalism as a political project claiming exclusive ownership of national pride.
It seeks to enforce this ownership at the state level, unlike patriotism, which allows for diverse perspectives.
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The book tells the story of the Oakland Athletics' 2002 season, where General Manager Billy Beane and his assistant Paul DePodesta used advanced statistical analysis, known as sabermetrics, to assemble a competitive team despite a limited budget. The approach, pioneered by Bill James, focused on metrics such as on-base percentage and slugging percentage rather than traditional measures like batting average and runs batted in. This data-driven strategy allowed the Athletics to compete with teams having much larger payrolls, like the New York Yankees, and achieve significant success, including a 20-game winning streak and a playoff appearance[2][3][5].
Going Infinite
The Rise and Fall of a New Tycoon
Michael Lewis
In 'Going Infinite', Michael Lewis delves into the life of Sam Bankman-Fried, the enigmatic founder of the failed cryptocurrency exchange FTX. The book provides a psychological portrait and a financial roller-coaster ride, tracing Bankman-Fried's trajectory from becoming the world's youngest billionaire to his eventual downfall. It covers topics such as high-frequency trading, cryptocurrencies, effective altruism, and the justice system. Despite criticism for its sympathetic portrayal of Bankman-Fried, the book offers a fascinating insight into the complex world of cryptocurrencies and the character of its central figure.
Flash Boys
A Wall Street Revolt
Michael Lewis
In 'Flash Boys: A Wall Street Revolt', Michael Lewis delves into the world of high-frequency trading (HFT) and its corrupting influence on the U.S. stock market. The book follows a group of Wall Street iconoclasts, including Brad Katsuyama and Sergey Aleynikov, as they uncover and challenge the unethical practices of HFT firms. Lewis explains how these firms use advanced technology to front-run orders, creating a rigged market that benefits insiders at the expense of ordinary investors. The narrative is engaging and accessible, making complex financial concepts understandable for a broad audience. The book highlights the efforts of these individuals to reform the market and restore fairness, and it has had significant impact, including prompting investigations and public discussions about market structure and fairness[2][3][5].
Liar's poker
Michael Lewis
Liar's Poker is a non-fiction, semi-autobiographical book that details Michael Lewis's three-year tenure at Salomon Brothers, one of Wall Street's premier investment firms in the 1980s. The book provides a behind-the-scenes look at the culture of bond traders, highlighting the frat-boy camaraderie, killer instincts, and high-stakes games of bluffing and deception. Lewis describes the creation and use of mortgage bonds, the excessive bonuses, and the ruthless competition among traders. The narrative also touches on the author's disillusionment with the industry, leading to his resignation and transition into financial journalism.
The big short
Inside the Doomsday Machine
Michael Lewis
The Big Short tells the story of the 2007-08 financial crisis through the lens of several key players who predicted and profited from the collapse of the housing market. The book focuses on characters such as Steve Eisman, Mike Burry, Greg Lippmann, and the founders of Cornwall Capital, who saw the impending disaster and made significant gains by shorting the market. Lewis explains the complex financial instruments and the systemic failures that led to the crisis, making the narrative both accessible and engaging.
Do you ever turn away from the news in despair? Do you scroll through social media and come away feeling angry, frustrated and fearful? Have you given up on the idea that a level of sanity might ever be restored to our politics? If so, acclaimed political commentator Rafael Behr's new book might be for you, Politics: A Survivor’s Guide: How to Stay Engaged without Getting Enraged. In conversation with fellow political journalist Jonathan Freedland, Behr discusses how social media is impacting contemporary political discourse and contributing to what he sees as the failures at the heart of our democracy.
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