Category: Europe

Gehry-designed Fondation Louis Vuitton museum

by philg

A heroic reader suggested that we visit the Fondation Louis Vuitton in the Bois de Boulogne and was kind enough to pick us up and drive us there. Frank Gehry designed the building in 2006 when he was 77 years old. In other words, he did a few sketches and let a platoon of nameless architects and engineers figure out how to make it happen. Some of the sketches are shown in the museum and they look like a 3-year-old’s art.

The museum is a triumph of form over function. There’s a building and then a bunch of decorative glass is attached to the exterior, supported by a frame. The galleries inside are chopped up so that a recent show was spread over 10 separate galleries for no reason other than each gallery is fairly small. A prefab aircraft hangar would actually work better for the required function of designing an art exhibit.

The exterior is striking and includes a staircase waterfall.

The museum lacks a permanent collection so it is all-special-exhibitions-all-the-time. We visited during a visit comparing Claude Monet, whom most people have heard of, and Joan Mitchell, who never met Monet and whose name is unfamiliar even to art nerds.

From the signage I learned that Monet cranked out 400 paintings from 1900 through 1926 and 300 of them were of water lilies at Giverny. Here’s a triptych that had been scattered to three different museums in the U.S., reassembled on a long wall:

What does Joan Mitchell’s work look like?

Tickets are timed, but the museum was jammed.

Note that a fair number of folks had elected to stay safe from an aerosol virus by voluntarily entering a crowded indoor public environment while wearing surgical and cloth masks. There aren’t enough books and movies featuring Monet’s art so it was impossible to stay home and #StopTheSpread?

My favorite part of the building, though unlikely to be of much use in typical Paris weather, was the series of outdoor terraces.

(Note the Heroes of Faucism, wearing their masks while outdoors.)

When you leave the museum, whose restaurant gets terrible reviews on Google Maps, you’re in the Jardin d’acclimatation:

From 1877 until 1912, the Jardin Zoologique d’Acclimatation was converted to l’Acclimatation Anthropologique. In mid-colonialism, the curiosity of Parisians was attracted to the customs and lifestyles of foreign peoples. Nubians, Bushmen, Zulus, and many other African peoples were “exhibited” in a human zoo. The exhibitions were a huge success. The number of visitors to the Jardin doubled, reaching the million mark.

The Fondation LV is not part of the Paris Museum Pass system and the trip out to the park might not be cheap or simple. I give this place a thumbs-up on a beautiful day and a thumbs-down if the weather is less than perfect.

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How much more successful would Rishi Sunak have been if he had been born white?

by philg

The UK has a new prime minister. Because they could not find anyone 78-86, which Science proves is the age range in which a human exhibits optimum decision-making skills, they’ve chosen 42-year-old Rishi Sunak.

“Rishi Sunak to become first British PM of colour and also first Hindu at No 10” (Guardian):

Rishi Sunak is about to become the UK’s first prime minister of colour and the first Hindu prime minister, both milestones in Britain’s evolution as a multicultural and multi-faith society. … the UK has never had a black or brown prime minister before.

Neema Begum, assistant professor in British politics at the University of Nottingham, said Sunak’s appointment “shows how far ethnic minority representation has come in politics”. “Sunak as prime minister is not necessarily a cause for celebration for all ethnic minorities. It shouldn’t be used to refute the ongoing existence of racism or obscure the fact that there are well-documented systemic racial and ethnic inequalities in housing, health and education.”

“New British PM Rishi Sunak is richer than King Charles III. How wealthy is he and where did it come from?” (Forbes):

Rishi Sunak and his wife, Akshata Murty, have a combined net worth of around £730 million ($826 million), … That’s around twice the estimated wealth of King Charles III.

So… this guy overcame racism and, as a “brown” person navigated a society in which white privilege is a huge advantage. This leads to the question How much more successful would Rishi Sunak have been if he had been born white? Instead of having to wait to age 42, at what age would he have become prime minister? Instead of being worth $826 million, how much would he be worth if he’d enjoyed white privilege?

Here’s a recent sunny Saturday near the Palace of Westminster. Almost impossible to walk on the bridge because nobody can decide whether to walk on the left or on the right.

And a young Heroine of Faucism who is wearing a non-N95 mask as defense against an aerosol virus while on a 30-minute nearby London Eye ride in close proximity to the unmasked:

Just for fun, a photo at the top:

On the subject of systemic racism, a newspaper that I picked up on my way into a multi-million-dollar electric vehicle:

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The religion of Diversity and the failure of the recent UK government

by philg

“Liz Truss has appointed the most diverse cabinet ever.” (Guardian, 9/7/2022):

None of the four most senior jobs in the British government will be held by a white man.

We are informed that Diversity leads to superior results and that this has been proven as a Scientific fact. “There is a wealth of research that says diverse teams perform better because each team member brings a different perspective to the table.” (NYT 2018). “Why Diverse Teams Are Smarter” (Harvard Business Review, 2019):

In recent years a body of research has revealed another, more nuanced benefit of workplace diversity: nonhomogenous teams are simply smarter.

So the Liz Truss government was more diverse and more intelligent than any previous British government. Science would have predicted high performance for this group. Yet the same folks who tell us that diverse teams are better says that the Liz Truss team was incompetent:

Prime Minister Liz Truss announced on Thursday that she would resign, just days after her new finance minister reversed virtually all of her planned tax cuts, sweeping away a free-market fiscal agenda that promised a radical policy shift for Britain but instead plunged the country into weeks of economic and political turmoil.

Ms. Truss’s political viability had become tenuous after her proposals for broad unfunded tax cuts roiled markets and sent the pound’s value plunging. She suffered a grave blow on Monday, when her newly appointed chancellor of the Exchequer, Jeremy Hunt, said that the government was undoing the last vestiges of Ms. Truss’s tax proposals.

That announcement constituted one of the most dramatic reversals in modern British political history, and a humiliating repudiation of Ms. Truss’s leadership. In recent weeks, support for her Conservative Party had collapsed in opinion polls and unrest among its lawmakers intensified, undermining her ability to remain in office.

How do we maintain our faith in the religion of Diversity, Equity & Inclusion after this spectacular failure? Do we point out that not enough people on the Liz Truss team were members of the 2SLGBTQQIA+ community? (and do they have the “2S” over there?)

Speaking of diversity and “2S”, the Elizabeth Warren section of the Diana, Princess of Wales’ Memorial Playground:

Going forward, Britain will feature high tax rates and rule by white men? Here’s the new money guy:

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Who can explain financial markets’ hatred for the new UK government?

by philg

There has been a lot of drama in the currency and bond markets regarding the new UK government’s economic policy, which sounds like it is along the lines of what the U.S. did in the 1980s. President Ronald Reagan proposed shrinking government with spending cuts so that tax cuts could be implemented; Congress agreed to the tax cuts, but refused to cut spending and the result was massive deficits, which eventually faded due to economic growth.

The UK government is already somewhat leaner than what we have in the U.S. Heritage says that the UK government consumes 42 percent of GDP, which is a touch higher than the US government (39 percent), but the UK figure includes nearly all health care spending. If we add government-mandated-and-regulated “private” health care to the US number, we get closer to 50 percent of GDP.

The business folks and investors with whom I spoke in the UK were generally positive regarding Prime Minister Truss‘s plan, which they felt would deliver a substantial amount of growth. They attributed much of the hatred and hysteria to an anti-Conservative press. On the other hand, hatred and hysteria in currency and bond markets isn’t usually driven by whatever the Guardian has to say.

One part of Truss’s plan seemed insane to me, i.e., preventing consumers from seeing that prices for energy have gone up. But the French are also doing it. Wholesale electricity prices are up 5X and consumers are paying… 1X. Party On with printed money.

“Liz Truss’s economic plan caused a furor. But it’s actually sound” (Washington Post, October 9):

Britain is the only Group of Seven country with a smaller economy today than in the fourth quarter of 2019, before the coronavirus pandemic. In the 40 quarters preceding the pandemic, its economy grew at an annual rate of less than 2 percent more than half the time.

Maybe a country where all of the young people get stumbling drunk every night at the pub isn’t ideally situated for growth?

The government’s tax plan would cancel a scheduled increase in the corporate tax rate to 25 percent from 19 percent and would make permanent a temporary increase in the annual investment allowance, letting businesses deduct the full cost of qualifying plants and machinery up to 1 million pounds in the first year.

This sounds reasonable to me! With a 25 percent rate, a company would have to be crazy to refrain from pushing all of the profits into Ireland (12.5 percent rate and full membership in the EU if frictionless trade with Europe is required). The depreciation simplification should front-load investment and activity and shouldn’t change the tax owed in the long run (spending one million pounds will yield one million pounds of deductions against revenue).

The most questionable parts of the plan are the income tax cuts. Reducing the basic rate of income tax by one percentage point, to 19 percent, will fuel consumption at a time when the Bank of England is attempting to curb inflation.

The prime minister’s proposal to eliminate the 45 percent tax bracket on incomes above 150,000 pounds per year — the top 1.1 percent — was also unwise in the current fiscal and economic environment, …

I’m not sure that a 45 percent rate is revenue-maximizing. At that rate, a Brit would get a great return on pushing activities offshore or structuring activities to get the 10 percent entrepreneur’s rate. The U.S. government is greedy for money and the top personal income tax rate is 37 percent (which works out to 37 percent in Florida or 50.3 percent in California).

It looks like the markets are locking Britain into the same policies that put it on the slow bus to economic mediocrity. Given some reasonable value placed on leisure and drunkenness, the decision to forgo the second job or language study and spend the evening in the pub with friends will be a rational one. For those who are ambitious, the decision to emigrate will likely be a rational one (one of our neighbors in Florida recently arrived from the UK, having accepted a transfer within a multinational industrial products company (held up for more than a year due to coronapanic restrictions on non-walk-across-the-border-and-claim-asylum immigration); he will do the same thing that he did in the UK, but for a much larger market).

What am I missing? My default assumption is that markets are right, but I can’t figure out what is so terrible wrong with the latest British government’s plans. Is part of the explanation that the pound isn’t the world’s reserve currency and therefore the consequences of deficit spending are more severe than they are for the U.S.?

Separately, how can a country full of midgets and randoms fail to thrive?

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The flowers for Queen Elizabeth II are mostly swept up

by philg

One of the poignant aspects of last week’s trip to London (today was the Chunnel move to Paris) was that flowers and letters left in memory of Queen Elizabeth II had faded and were being cleaned up.

Here are some scenes from Green Park, next to Buckingham Palace:

At the intersection of aviation and English royalty, remembrances left in the Bomber Command Memorial, dedicated by QEII in 2012:

The death of a 96-year-old shouldn’t be a tragedy, but there is a sadness nonetheless. The guys doing the cleanup handled the bundles with care, despite the destination being a landfill.

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Giorgia Meloni is more dangerous than Vladimir Putin (CNN and New York Times)

by philg

“The Future Is Italy, and It’s Bleak” (NYT, July 22, 2022):

Giorgia Meloni, the leader of the far-right Brothers of Italy party … could open the way for the Brothers of Italy to become the first far-right party to lead a major eurozone economy. For Europe and the country, it would be a truly seismic event.

Like other far-right parties across Europe, it is descended from a fascist or collaborationist original

Perhaps we will not all burn together in the fire. But if the far right takes over the government, in Italy or elsewhere, some of us surely will.

“Italy’s Hard-Right Lurch Raises New Concerns in Washington” (NYT, yesterday):

Italy’s election of a far-right governing coalition, … despite concern about their party’s fascist roots. … members of the Trump wing of the Republican Party embraced the rise of a nationalist whose party has roots in Mussolini-era fascism.

“Giorgia Meloni claims victory to become Italy’s most far-right prime minister since Mussolini” (CNN, yesterday):

the most far-right government since the fascist era of Benito Mussolini. … She has also called abortion a “tragedy,” raising fears for the future of women’s rights in the country.

“How Giorgia Meloni and her far-right party became a driving force in Italian politics” (CNN, Sept 25, 2022):

The National Alliance, formerly the Italian Social Movement, was unapologetically neo-fascist, formed by supporters of Benito Mussolini. … Now, the 45-year-old ultra-conservative … never wavering from a conservative agenda that puts in question LGBT rights, abortion rights and immigration policies.

A full-scale war had to unfold in Ukraine before the New York Times was prepared to call Vladimir Putin names, but Giorgia Meloni earned these monikers before taking a single official action. Maybe this means she will win the Nobel Peace Prize soon! (Barack Obama was nominated after 12 days of being in office.)

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Giorgia Meloni Makes History

by philg

Giorgia Meloni’s life, in many respects, traces the arc of progress for women in Italian society. Her mother, Anna Paratore, was born in 1952, just 7 years after women in Italy gained the right to vote in national elections.

It has taken a long, long time for the promise of women’s full participation in Italian democracy to be realized. Ms. Meloni moved it a big step closer this week, as she became the first woman nominated for the leadership of Italy by a major party.

Ms. Meloni’s nomination — bringing women, barred first by law and then by custom, to the pinnacle of Italian politics — is to be celebrated as inspiration for young Italians, and as hope for women in nations and cultures that deny them the most basic opportunities. It is further proof that opening doors to women elevates and strengthens a nation.

Ms. Meloni, who grew up in an era of few opportunities for women, revealed strength and tenacity building a career that spanned the world. Her education and work ethic eventually opened many avenues to her, and — despite forays into lucrative pursuits like journalism — she has always returned to a path of service.

Loosely related, “Hillary Clinton Makes History” (NYT, July 29, 2016):

Hillary Clinton’s life, in many respects, traces the arc of progress for women in American society. Her mother, Dorothy Rodham, was born in 1919, a year before the 19th Amendment gave women the vote.

It has taken a long, long time for that amendment’s promise of women’s full participation in American democracy to be realized. Mrs. Clinton moved it a big step closer this week, as she became the first woman nominated for the presidency by a major party.

Mrs. Clinton’s nomination — bringing women, barred first by law and then by custom, to the pinnacle of American politics — is to be celebrated as inspiration for young Americans, and as hope for women in nations and cultures that deny them the most basic opportunities. It is further proof that opening doors to women elevates and strengthens our nation.

Mrs. Clinton, who grew up in an era of few opportunities for women, revealed strength and tenacity building a career that spanned the world. Her education and work ethic eventually opened many avenues to her, and — despite forays into lucrative and sometimes regrettable pursuits like her corporate speechmaking — she has always returned to a path of service.

(Of course, the parallels are not complete because Giorgia Meloni did not obtain her position by having sex with or being married to a former leader of Italy.)

Separately, I wonder if this election proves my Dutch friend correct. On the phenomenon of elites packing a country with low-skill immigrants and then, as predicted by a Harvard analysis, the working class attempting to vote out the elites, “They forgot to take away their right to vote.”

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Europeans printing their way to happiness

by philg

“As Crises Mount, Europe Turns Once Again to Big Spending” (NYT, today):

Nationalizations. Subsidies. Cash handouts. Price caps. Profit taxes. It’s back to 20th-century economics in Europe.

Governments are resorting to old-school solutions, long dismissed as bad policy, throwing vast amounts of money at the energy crisis engulfing the region, in a bid to avert a political, social and economic meltdown.

In response [to rising energy prices], E.U. governments have already earmarked more than $350 billion to subsidize consumers, industry and utility companies; ministers are to meet on Friday to finalize the bloc’s direct intervention in markets to grab excess profits, cap electricity prices and subsidize utilities companies.

The huge public spending is in addition to a nearly trillion-dollar stimulus package adopted over the past year to deal with the economic fallout from the pandemic, mostly through borrowing. The ballooning debt load would have normally caused an uproar in the bloc, where fiscal conservatism has dominated policy and politics for years.

“This is clearly an exceptional and one-off situation,” said Daniel Gros, a German economist and director of the Centre for European Policy Studies, a Brussels-based think tank, who normally takes fiscally conservative positions. “It’s different from increasing unemployment or social benefits structurally forever, and it’s a special situation that won’t last forever.”

The last paragraph is my favorite. Coronapanic was exceptional, so borrowing/printing and spending $1 trillion (amateurs! the U.S. spent $10 trillion) in 2020/2021 was okay. The rise in energy prices is 2022’s exceptional event, so borrowing/printing and spending another $1 trillion will also be okay. The end of the paragraph is also interesting. The U.S. actually did make “structurally forever” changes to the American welfare state, already the world’s 2nd largest (percent of GDP), the free-forever broadband benefit for those who choose not to work and King Biden’s forgiveness of student loans previously owed to the Crown. According to the Germans, therefore, we are headed for disaster.

Eurocrats seem to think that voters won’t notice the subtle inflation tax caused by these programs and/or future standard tax increases. They’re paying subjects with their own money:

The Belgian government has handed out $100 to every household irrespective of income.

This is a fascinating example of human psychology. Europeans will eventually have to pay for all of the energy that they’re consuming in 2022 and they’ll have to pay the 2022 price. But they’re going to be happier paying starting in 2023 if the government gives them a Three-card Monte game to watch in 2022. And they’ll be happier getting a pay cut via inflation than getting a pay cut in nominal euros.

What’s non-EU-member Norway doing, other than getting insanely rich from the war in Ukraine? The nation’s hydroelectric power is being sold at record prices to the rest of Europe. The oil and gas wells are producing unprecedented gushers of money. Consumers have to pay higher prices for natural gas, but the government steps in and pays, using the record revenues coming in for oil and gas, 90 percent of the amount over a set price. Cruise ships that formerly stopped in St. Petersburg now come to Oslo for two days per sailing, paying enormous port fees and buoying the local tour operators.

“The problem with socialism is that you eventually run out of other people’s money,” said Margaret Thatcher. Norway has amended this to “The beauty of socialism is that you never run out of the dinosaurs’ money”.

Here are some of Oslo’s gleaming new waterfront neighborhoods next to the gleaming new Munch Museum:

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Europeans cutting down their forests

by philg

Most of this is unrelated to the recent natural gas price increases…. “Europe Is Sacrificing Its Ancient Forests for Energy” (New York Times, today):

Burning wood was never supposed to be the cornerstone of the European Union’s green energy strategy.

When the bloc began subsidizing wood burning over a decade ago, it was seen as a quick boost for renewable fuel and an incentive to move homes and power plants away from coal and gas. Chips and pellets were marketed as a way to turn sawdust waste into green power.

Those subsidies gave rise to a booming market, to the point that wood is now Europe’s largest renewable energy source, far ahead of wind and solar.

Some of this falls into the “what’s old is new” category, I think. When people from England invaded North America in the 17th and 18th centuries they expressed amazement at how much forest was available for the cutting. More or less everything in England that could be cut already had been cut.

Forests in Finland and Estonia, for example, once seen as key assets for reducing carbon from the air, are now the source of so much logging that government scientists consider them carbon emitters. In Hungary, the government waived conservation rules last month to allow increased logging in old-growth forests.

And while European nations can count wood power toward their clean-energy targets, the E.U. scientific research agency said last year that burning wood released more carbon dioxide than would have been emitted had that energy come from fossil fuels.

Let’s have a look at a forest that has already been cut quite a bit… Vigeland Park in Oslo.

The peace that comes from being a parent is depicted:

How about riding a horse through the forest?

Experience the joy of interacting with wildlife in the forest:

How about these gates for your back yard?

Need some ideas for your next Cirque du Soleil show?

There were a fair number of Norwegians in convivial groups of 2-10 enjoying the park at 4 pm on a Tuesday. Apparently, if a country has a small population of humans and a large population of oil and gas wells not everyone will have to work long hours in the dreary office.

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Europeans implement my dream life-year saving system

by philg

March 2020… Why do we care about COVID-19 deaths more than driving-related deaths?: I point out that we aren’t doing anything about motor vehicle fatalities that are comparable in scale to the feared-at-the-time COVID deaths. I failed to adjust for life-years in this piece, so didn’t capture that fact that motor vehicle accidents have a far higher cost than the COVID-19 epidemic that led us to shut down schools, lock down businesses (except for “essential” marijuana in California and Massachusetts), etc. “We’re willing to invest $trillions to reduce the death toll from coronaplague, but hardly a dime to build centerline dividers on more of our two-lane roads so as to eliminate head-on collisions.”

February 2021… Save lives by limiting cars to 35 mph?: … by shutting down for a year we’ve spent way more per life-year in our attempt to reduce coronaplague deaths than I ever could have imagined. If we infer from this how much saving a life-year is worth to us, it would be rational to limit cars and tracks, nearly all of which are electronically controlled, to 35 mph. Consider that most people who die in car accidents had many decades of life expectancy in front of them, unlike the typical 82-year-old victim of COVID-19. … How about insisting that engine control software be updated in order to get an inspection sticker? The update will prevent the car from exceeding 35 mph. New cars, obviously, can be limited via regulation.

It looks as though the lockdown-loving Europeans agree with me, at least to some extent. They’re not willing to put anywhere near as high a price on a life-year lost due to a car accident compared to a life-year lost to COVID-19, but they are going to at least take the basic steps.

“Anti-Speeding Tech Is Now Mandatory in European Union” (Autoweek, July 7):

Mandatory on all new cars sold by 2024, the switchable ISA technology is expected to reduce speeding by 30% and traffic deaths by 20%.

Haptic feedback requires the car to recognize speed signs and, if the driver is in fact speeding, automatically push back against the driver’s accelerator pedal pressure. The speed control function goes one step further by cutting power input from the pedal once the speed limit is reached.

At least in the early years of these systems going in, the driver will have the ability to override the electronically enforced speed limit. Should we take bets on how soon before a public health emergency is declared and the electronic limit because a hard limit?

Here’s a great place for a computer-enforced speed limit, Lion Country Safari:

Speed limit 5 mph and the kids in the back would scream “speeder, speeder!” if the Honda Odyssey’s instruments indicated 6 mph or faster.

A daily-driver Ferrari at the local office park:

You can’t spit in a strip mall parking lot in South Florida without hitting a car that would end up with 400 excess horsepower in the event that this kind of regulation is adopted in the U.S.

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