always thought that mapophilia was a lonely affliction until I started my blog, Strange Maps, in 2006. I remember the first map I posted – it was a map of the location of asylums for the insane in Pennsylvania. It provided a bizarre geography of insanity, and it interested me because it was not the kind of map that would have a place in mainstream cartography. Equally, the map didn’t tell us much about mental health. I loved it because it was such an interesting juxtaposition of a condition that is so difficult to define with something as cool, rational and delineated as cartography.
I’d find strange maps online – I don’t draw my own – and then categorise them, describe them and link them to other maps. I have more obvious categories such as history, science and tech, and politics, as well as unusual ones: love, sex and happiness, life and death, truth and justice. One type is the allegorical map. In the 19th century, symbolic maps were very popular, especially during prohibition in America. Prohibitionists would draw moral maps. They’d describe the country of drunkenness and how to travel from it to the continent of sobriety. The road to success was drawn across chasms of despondency and mountains of procrastination.
G.E.’s Strategies Let It Avoid Taxes Altogether
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E. The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies.
Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bespectacled, bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well. The team includes former officials not just from the Treasury, but also from the I.R.S. and virtually all the tax-writing committees in Congress.
Dynamist Blog: The Chart Every Journalist Covering the Fukushima Plant Should Read
For the past week, I’ve been complaining that journalists covering possible radiation dangers from Fukushima plant have abandoned the old convention of putting radiation exposures in context (usually by comparing them to chest x-rays). The result is that all “radiation” sounds equally dangerous, and people in Plano, Texas, start stocking up on potassium iodine.
Video from Japan’s Tsunami Zone
Both Matt and myself have been covering the tragic events surrounding the Tsunami in Japan. I have left Japan now but Matt is still there and headed back into the disaster zone to do more reports. I’m sure both of us will talk more about what it was like later on, but for now the story is the priority.
Frites
How we lost our voice
Like everyone, I have been gripped and stirred by the events unfolding in the Maghreb and Middle East. Unlike some admirable and astute commentators, I didn’t feel primarily moved to try to “make sense” of what was happening in Tahrir Square, or to speculate on what the millions of Egyptians not in the square were thinking. Such speculation seemed and still seems to me beside the point and actually rather odd. I didn’t hear a comparable call at the time of the demise of Salazar and Franco and the Greek colonels, or the fall of communism and the dismantling of the Berlin Wall, to try to “make sense” of those events, or to wonder what all those not celebrating and tearing down chunks of concrete were up to.
People, not everyone to be sure, but an overwhelming mass including the bravest and best and most articulate spirits, no longer wanted to live in police states or kleptocracies. They no longer wanted to be tortured or murdered by goons or spied on by spooks and kept under surveillance by their neighbours. They wanted free and transparent elections. They wanted the greater measure of control over their lives that they imagined to be a function of democratic government. No doubt they also wanted a better chance of prosperity. None of this, as we watched it unfolding in Tunisia and Egypt and Libya and other places, seemed to me to need to be teased out by some subtle process of reasoning. The primary sense of it was overwhelmingly clear.
The “Foundation That Southern Nevada is Built On”
Bond king’s Lear-like Treasuries renunciation
At the end of June, the Federal Reserve will no longer be the biggest buyer of US Treasuries. But one notable investor has already said Hasta la vista.
Pimco’s flagship $237bn total return fund, managed by Bill Gross, whose status as bond king has been synonymous with the 25-year bull market in Treasury debt, pulled the plug on holding US government related securities in February, it emerged this week. Last month his fund eschewed holding US government related debt, having had 12 per cent of the fund’s portfolio in Treasuries in January.
Given the record of Mr Gross, one cannot ignore the decision. Since the total return fund began in 1987, it has generated an average annual return of 8.42 per cent versus the 7.27 per cent gain in its benchmark, the Barclays Capital US Aggregate index.
The move is a bold one. Given that the Barclays Aggregate has a Treasury weighting of 40 per cent, the decision by Mr Gross to exclude government holdings means he is seriously underweight his benchmark, or “bogey”.
Modern muckraking does free speech a disservice
James O’Keefe is either the sleaziest kind of journalist or the most respectable kind of con artist. His Project Veritas group uses lies, scams and hidden cameras to entrap his political adversaries. This week, Project Veritas released a video of its latest victim: Ron Schiller, a fundraising executive for National Public Radio. Mr Schiller and a colleague were lured to a Washington restaurant with promises of $5m in donations from the “Muslim Education Action Center”. Meac, supposedly set up by the Muslim Brotherhood to “spread the acceptance of sharia”, does not actually exist. It was an invention of Project Veritas. But Mr Schiller was voluble in assuring its leaders of his contempt for the kind of middle-class Americans who voted for the Tea Party last autumn. “They believe in white, middle America, gun-toting … it’s scary,” he said. “They’re seriously racist, racist people.” Of course, they also happen to elect the congressional majority that controls the fate of $450m in public broadcasting funding. Mr Schiller has resigned from NPR, as has its chief executive, Vivian Schiller (no relation).
Political pranksterism is all the rage. Sacha Baron Cohen practised a form of it in Borat and, more recently, the editor of the Buffalo Beast news website phoned Scott Walker, the embattled Wisconsin governor, passing himself off as the Republican donor David Koch.
A sugared pill
When Daniel Carlat, a psychiatrist in Massachusetts, was flown to New York with his wife by Wyeth, the “training” weekend he attended in a luxury hotel was topped off with a Broadway show. It was early 2001 and he had just agreed to the US pharmaceuticals company’s proposal that he give talks to doctors about its antidepressant Effexor.
During the following year, he was regularly paid fees of $750 a time to drive to “lunch and learn” sessions where he would speak for 10 minutes to emphasise the drug’s advantages to fellow doctors, using slides prepared by the company. “It seemed like a win-win,” he recalls. “I was prescribing it, educating doctors and making some money.”
But within a few months, he became disillusioned with his co-option as a marketing representative. He was selectively presenting clinical data that put the drug in a positive light to physicians who had been targeted by the company through “data mining” techniques that identified their individual prescription patterns.