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Thursday, 18 August 2016

This Olympics hysteria shows that Britain has turned Soviet

Simon Jenkins in The Guardian


 
‘I was touched, like everyone, by the Jason Kenny/Laura Trott ‘golden love bond’, but how many times did I need to see them in tears?’ Photograph: David Davies/PA



Australia’s cycling star, Anna Meares, said of Britain’s triumphant cyclists: “They’ve got it together … but, to be honest, I’m not exactly sure what they’ve got together.” The French and Germans were heard to murmur likewise. One interpretation could be that murky word “cheating”, although Meares strongly denied that she had ever suggested this. Given the recent history of the Olympics and the fierce pressure on British athletes, the accusation is pardonable. I doubt if it is true. What Britain “got together” was the money. Is that cheating?
I have intermittently enjoyed the Olympics on television. Mostly it is hours of flatulent BBC staff killing time by interviewing one another, interspersed with a few seconds of mostly baffling hysterics. Clare Balding appears in perpetual shriek: “Oh my God, I think our great British paint is drying faster than the Russian and the Colombian paint – but we must await a decision from the judges.”

Then on Tuesday night the BBC went bananas. At 10 o’clock we were denied important news – of Anjem Choudary’s conviction, of swingeing tax fines and of possible “special status” for Britain outside the EU. Instead we had to sit for an hour and a half, waiting for three minutes of BBC pandemonium as British cyclists yet again pedalled fast. We had to watch while the BBC aired pictures of its own commentary box punching the air and howling. These were not so much journalists as state cheerleaders. I was touched, like everyone, by the Jason Kenny/Laura Trott “golden love bond”, but how many times did I need to see them in tears? It was a total collapse of news values, the corporation peddling tabloid chauvinist schlock.

Throughout the cold war, Soviet bloc nations used sport as a proxy for economic success. With the connivance of the International Olympic Committee, they turned what used to be an amateur sport into the equivalent of a national defence force, hurling money and status at their athletes while the IOC turned the Games into a lavish field of the cloth of gold – at some poor taxpayer’s expense.

The west used to ridicule the communists for this. Their athletes were derided as state employees, civil servants and cheats. Of course many took drugs. Winning was what mattered to the Soviets, the state media being monopolised to convince their people that their “system” was better.

Since Atlanta in 1996, Britain has followed suit. The poor performance of British athletes was considered by John Major as a comment on his government. He demanded medals, and lots of them. The subsidy to “elite” sport was increased tenfold, from £5m to £54m, while popular sports facilities were closing. Money was directed specifically at disciplines where individuals could win multiple medals rather than just one, away from field athletics to cycling and gymnastics. It worked. The medals tally at Sydney 2000 rose from 15 to 28.

A UK Sport graph tracks the precise link between government grant (dressed up as lottery money) and Olympic medals. By 2012, this had risen to £264m, delivering 65 medals (just over £4m a medal). For Rio it has been £350m for the Olympics and Paralympics, with the target that Britain become “the first host nation to eclipse our London 2012 medal haul”.




Team GB's Olympics success shows UK can thrive outside EU, say Brexiters



No surprise, it is working. The best coaches were hired. Talent was ruthlessly selected and nurtured. Money was lavished on research, equipment, clothing and peak performance timing. The French and Germans noted that the British are doing far better in Rio than at recent world championships. Here clearly is one field in which British state investment knows how to pick winners.

Iain Dyer, Britain’s star cycling coach, talks like a Formula One boss. “We peaked in our research and innovation. The helmets were the 2012 ones, but the bikes are new, and different components and strategies are used for the first time.” Aerodynamic suits with magic chevrons are everywhere.

Rod Carr of UK Sport is equally open. He relates how the mix of penalties and incentives since Sydney led, in the case of gymnastics and swimming, to each sport thinking afresh and coming back with an investable proposition.

Athletes are unique among public servants in enjoying a hypothecated tax to give themselves up to £28,000 a year “to concentrate on training”. Poor countries can eat their hearts out.

I am thrilled by personal success, by Mo Farah’s 10,000m, Charlotte Dujardin’s horsemanship, Wayde van Niekerk’s 400m and Simone Biles’ mesmerising gymnastics. They are a joy to watch. But I do not mind their nationality. The nationalisation of sport – the hamfisted draping in the union jack after breasting the tape – so clearly diminishes the individual achievement. Ever since its introduction by Hitler at the 1936 Olympics, such chauvinism has infused democratic as well as authoritarian regimes. Olympic Games are like wars, foreign adventures offering regimes a salve to domestic woes. Athletes are recruited to the flag like soldiers. They are declared “heroes” and showered with honours.

For years, the Olympics were corrupted by shamateurism and drugs. The IOC, with British representatives present, knew perfectly well what was happening, but turned a blind eye. The most honest gold medal of recent years should have gone to the British media, alone in relentlessly revealing corruption and cheating in international sport. Yet it was accused by Britain’s Lord Coe of “a declaration of war on my sport”. When this was seen to be rubbish, he did not resign. He was declared an expert on sports ethics and appointed to the IOC. The Russians who blew the whistle on athletics doping are now forced to hide for their lives somewhere in America. These are the realities that should sit alongside the “heroism” of today’s games.

None of this explains the BBC, which has brought Rio close to a British National party awayday. The Chinese had it right. They used to dedicate their medals to the Chinese Communist party and people, who after all had paid for them. As for the accusations against Britain’s cyclists, the response is simple. Who needs to cheat with drugs when medals go to money? Perhaps the best answer is for countries that have no money to be allowed drugs, to level the playing field. They are cheaper.

How do people die from cancer?

Ranjana Srivastava in The Guardian

Our consultation is nearly finished when my patient leans forward, and says, “So, doctor, in all this time, no one has explained this. Exactly how will I die?” He is in his 80s, with a head of snowy hair and a face lined with experience. He has declined a second round of chemotherapy and elected to have palliative care. Still, an academic at heart, he is curious about the human body and likes good explanations.

“What have you heard?” I ask. “Oh, the usual scary stories,” he responds lightly; but the anxiety on his face is unmistakable and I feel suddenly protective of him.

“Would you like to discuss this today?” I ask gently, wondering if he might want his wife there.

“As you can see I’m dying to know,” he says, pleased at his own joke.

If you are a cancer patient, or care for someone with the illness, this is something you might have thought about. “How do people die from cancer?” is one of the most common questions asked of Google. Yet, it’s surprisingly rare for patients to ask it of their oncologist. As someone who has lost many patients and taken part in numerous conversations about death and dying, I will do my best to explain this, but first a little context might help.

Some people are clearly afraid of what might be revealed if they ask the question. Others want to know but are dissuaded by their loved ones. “When you mention dying, you stop fighting,” one woman admonished her husband. The case of a young patient is seared in my mind. Days before her death, she pleaded with me to tell the truth because she was slowly becoming confused and her religious family had kept her in the dark. “I’m afraid you’re dying,” I began, as I held her hand. But just then, her husband marched in and having heard the exchange, was furious that I’d extinguish her hope at a critical time. As she apologised with her eyes, he shouted at me and sent me out of the room, then forcibly took her home.

It’s no wonder that there is reluctance on the part of patients and doctors to discuss prognosis but there is evidence that truthful, sensitive communication and where needed, a discussion about mortality, enables patients to take charge of their healthcare decisions, plan their affairs and steer away from unnecessarily aggressive therapies. Contrary to popular fears, patients attest that awareness of dying does not lead to greater sadness, anxiety or depression. It also does not hasten death. There is evidence that in the aftermath of death, bereaved family members report less anxiety and depression if they were included in conversations about dying. By and large, honesty does seem the best policy. 

Studies worryingly show that a majority of patients are unaware of a terminal prognosis, either because they have not been told or because they have misunderstood the information. Somewhat disappointingly, oncologists who communicate honestly about a poor prognosis may be less well liked by their patient. But when we gloss over prognosis, it’s understandably even more difficult to tread close to the issue of just how one might die.

Thanks to advances in medicine, many cancer patients don’t die and the figures keep improving. Two thirds of patients diagnosed with cancer in the rich world today will survive five years and those who reach the five-year mark will improve their odds for the next five, and so on. But cancer is really many different diseases that behave in very different ways. Some cancers, such as colon cancer, when detected early, are curable. Early breast cancer is highly curable but can recur decades later. Metastatic prostate cancer, kidney cancer and melanoma, which until recently had dismal treatment options, are now being tackled with increasingly promising therapies that are yielding unprecedented survival times.

But the sobering truth is that advanced cancer is incurable and although modern treatments can control symptoms and prolong survival, they cannot prolong life indefinitely. This is why I think it’s important for anyone who wants to know, how cancer patients actually die.


‘Cancer cells release a plethora of chemicals that inhibit appetite and affect the digestion and absorption of food’ Photograph: Phanie / Alamy/Alamy

“Failure to thrive” is a broad term for a number of developments in end-stage cancer that basically lead to someone slowing down in a stepwise deterioration until death. Cancer is caused by an uninhibited growth of previously normal cells that expertly evade the body’s usual defences to spread, or metastasise, to other parts. When cancer affects a vital organ, its function is impaired and the impairment can result in death. The liver and kidneys eliminate toxins and maintain normal physiology – they’re normally organs of great reserve so when they fail, death is imminent.

Cancer cells release a plethora of chemicals that inhibit appetite and affect the digestion and absorption of food, leading to progressive weight loss and hence, profound weakness. Dehydration is not uncommon, due to distaste for fluids or an inability to swallow. The lack of nutrition, hydration and activity causes rapid loss of muscle mass and weakness. Metastases to the lung are common and can cause distressing shortness of breath – it’s important to understand that the lungs (or other organs) don’t stop working altogether, but performing under great stress exhausts them. It’s like constantly pushing uphill against a heavy weight.

Cancer patients can also die from uncontrolled infection that overwhelms the body’s usual resources. Having cancer impairs immunity and recent chemotherapy compounds the problem by suppressing the bone marrow. The bone marrow can be considered the factory where blood cells are produced – its function may be impaired by chemotherapy or infiltration by cancer cells.Death can occur due to a severe infection. Pre-existing liver impairment or kidney failure due to dehydration can make antibiotic choice difficult, too.

You may notice that patients with cancer involving their brain look particularly unwell. Most cancers in the brain come from elsewhere, such as the breast, lung and kidney. Brain metastases exert their influence in a few ways – by causing seizures, paralysis, bleeding or behavioural disturbance. Patients affected by brain metastases can become fatigued and uninterested and rapidly grow frail. Swelling in the brain can lead to progressive loss of consciousness and death.

In some cancers, such as that of the prostate, breast and lung, bone metastases or biochemical changes can give rise to dangerously high levels of calcium, which causes reduced consciousness and renal failure, leading to death.

Uncontrolled bleeding, cardiac arrest or respiratory failure due to a large blood clot happen – but contrary to popular belief, sudden and catastrophic death in cancer is rare. And of course, even patients with advanced cancer can succumb to a heart attack or stroke, common non-cancer causes of mortality in the general community.

You may have heard of the so-called “double effect” of giving strong medications such as morphine for cancer pain, fearing that the escalation of the drug levels hastens death. But experts say that opioids are vital to relieving suffering and that they typically don’t shorten an already limited life.

It’s important to appreciate that death can happen in a few ways, so I wanted to touch on the important topic of what healthcare professionals can do to ease the process of dying.

In places where good palliative care is embedded, its value cannot be overestimated. Palliative care teams provide expert assistance with the management of physical symptoms and psychological distress. They can address thorny questions, counsel anxious family members, and help patients record a legacy, in written or digital form. They normalise grief and help bring perspective at a challenging time.

People who are new to palliative care are commonly apprehensive that they will miss out on effective cancer management but there is very good evidence that palliative care improves psychological wellbeing, quality of life, and in some cases, life expectancy. Palliative care is a relative newcomer to medicine, so you may find yourself living in an area where a formal service doesn’t exist, but there may be local doctors and allied health workers trained in aspects of providing it, so do be sure to ask around.

Finally, a word about how to ask your oncologist about prognosis and in turn, how you will die. What you should know is that in many places, training in this delicate area of communication is woefully inadequate and your doctor may feel uncomfortable discussing the subject. But this should not prevent any doctor from trying – or at least referring you to someone who can help.

Accurate prognostication is difficult, but you should expect an estimation in terms of weeks, months, or years. When it comes to asking the most difficult questions, don’t expect the oncologist to read between the lines. It’s your life and your death: you are entitled to an honest opinion, ongoing conversation and compassionate care which, by the way, can come from any number of people including nurses, social workers, family doctors, chaplains and, of course, those who are close to you.

Over 2,000 years ago, the Greek philosopher Epicurus observed that the art of living well and the art of dying well were one. More recently, Oliver Sacks reminded us of this tenet as he was dying from metastatic melanoma. If die we must, it’s worth reminding ourselves of the part we can play in ensuring a death that is peaceful.

Wednesday, 17 August 2016

Feet first, our NHS is limping towards privatisation

Polly Toynbee in The Guardian

A fish rots from the head, but the NHS may be rotting from the feet. Podiatry is not up there in the headlines, yet what’s going on in that unglamorous zone is an alarming microcosm of the downward path of the health service. This is a story of the NHS in England in retreat and the private sector filling the vacuum.

You know the big picture from the ever-worsening monthly figures: deteriorating A&E, ambulance and operation waiting times, and a steep rise in bed-blocking. As debts pass £2.5bn, the NHS feels the tightening financial tourniquet.

Now look at it through the prism of just one small corner, as seen from the feet up. Every week 135 people have amputations because diabetes has caused their feet to rot: their circulation goes and then the sensation in their feet, so they don’t notice damage done by rubbing shoes, stubbed toes or stepping on nails. Minor injuries turn into ulcers that if left untreated turn gangrenous, and so the toes, then the foot, then the leg are lost – horrific life-changing damage. Numbers are rising fast, with nearly three million diabetics. The scandal is that 80% of these amputations are preventable – if there were the podiatrists to treat the first signs of foot ulcers. But the numbers employed and in training are falling.

In his surgery, the head of podiatry for Solent NHS Trust, Graham Bowen, is unwrapping the foot of a lifelong diabetic to reveal a large missing chunk of heel, a great red hole nearly through to the bone. This man has already had some toes amputated. He has been having treatment with maggots, bandaged into his wound to eat the dead skin and help healing – and he is slowly improving. Everyone Bowen sees now is at similarly high risk. Small ulcers, incipient ulcers, the ones that need to be caught early (and cheaply) no longer get NHS treatment. “On the NHS we’re essentially firefighting the worst cases now,” says Bowen. “We are going through our lists and discharging all the rest of our patients.”


FacebookTwitterPinterest ‘On a 15-minute visit carers can’t check feet.’ Photograph: Andrew Bret Wallis/Getty Images

But not even all these acute patients get the same optimal treatments, due to the vagaries of the 2012 NHS Act. Solent, a community trust that covers mental health and a host of other services, is used by five different clinical commissioning groups (CCGs), including Southampton, Portsmouth and West Hampshire. Each has its own criteria for what it will pay for, and each is toughening those criteria. Depending on their address, some patients get the very best, others only get what their cash-strapped CCG pays for.

You need to know about diabetic feet to understand the difference in treatments: the conventional and cheapest treatment is a dressing and a removable plastic boot, and telling patients to keep their foot up for months. But patients who can’t feel their feet tend to take off the boot and hobble to make a quick cup of tea. “Ten minutes of putting pressure on the ulcer undoes 23 hours of resting it,” Bowen says, so it takes 52 weeks on average to heal ulcers that way. For £500 extra, a new instant fibreglass cast saves any pressure on ulcers and cures them within eight weeks.

Although the National Institute for Health and Care Excellence says this total-contact cast is the gold standard, most of Bowen’s CCGs won’t pay for it. I watched him putting one on a patient in under half an hour: after nine weekly replacements, that ulcer would be completely healed. For every 10 of the new casts, one amputation is prevented – and each amputation costs the NHS £65,000. Such is the madness of NHS fragmentation, divided between multiple commissioners and providers, all in serious financial trouble, that no one spends a bit more now for others to save later, even when the payback is so quick.

This clinic lost four podiatry posts to save money: though diabetic numbers soar, its budget has been static for five years. “Doing more for less,” he says with the same weary sigh you hear echoing through the NHS. As Bowen goes through the clinic’s books removing all but the most acute cases, he turns away diabetics whose problems should be caught early. He turns away others he used to treat: the old and frail who have become immobile due to foot problems; the partially sighted or people with dementia who have poor home care. On a 15-minute visit carers can’t check feet and find out if they are the reason someone doesn’t get out of bed, toes buckled in, leaving them needlessly incapacitated and heading for residential care sooner than necessary.

What happens to those he takes off his books? “They have to go private, if they can afford it. If not, then nothing.” He used to send them to Age UK, but lack of funds shut that service. Only 5% of podiatry is now done by the NHS so Bowen has set up TipToe, a private practice attached to his NHS clinic. It’s not what he wants, but it keeps prices low and all proceeds go to the NHS.

Alarm bells should ring here: how silently the NHS slides into the private sector. Labour leadership contender Owen Smith has flagged up his team’s research showing private practice has doubled since 2010. Now that many CCGs only pay for one cataract, how many go private for the second eye? As the Guardian’s health policy editor, Denis Campbell, has asked, how many more vital treatments will go this way?

Podiatry is the ground floor of the NHS hierarchy. The profession reckons the NHS in England needs 12,000 practitioners but only has about 3,000 – and that’s falling, despite so many high-risk diabetics needing weekly appointments. Next year podiatry trainees, like nurses, will no longer receive state bursaries, so fewer will apply. They tend to be older, with families, unable to take on a £45,000 debt for a job paying around £35,000 per year. Already student places have been cut by nearly a quarter in five years. Most of the 7,000 amputations a year are preventable. A shocking statistic: half of those who undergo amputations will die within two years.

Only in the details of what’s happening on the frontline can we understand the daily reality of Britain’s shrinking state. Step back and ask how it can be that a country still growing richer can afford less quality care than when it was poorer? Is that the country’s choice? As the NHS slides into the private sector, here is yet another public service in retreat.

Tuesday, 16 August 2016

Moaning about bad returns on your savings? Stop complaining – it's your fault that interest rates are so low

Ben Chu in The Independent

“Neither a borrower nor a lender be”, warned Polonius. But should he have added “saver” to that list?

The Bank of England’s latest cut in its base rate has piled even more downward pressure on returns offered by banks on cash balances. Santander this week halved the interest rate on its “123” account, one of the few remaining products on the market that had offered a decent return on savings. And there is talk of another Bank rate cut later this year, perhaps down to just 0.1 per cent. Will it be long before furious savers march on the Bank’s Threadneedle Street headquarters with pitchforks and burning torches in their hands?

They should put the pitchforks down.

------Also read

Ever-lower interest rates have failed. It’s time to raise them

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There are a number of serious misconceptions regarding the plight of savers that have gone uncorrected for too long. The first is that “saving” only takes the form of cash held on deposit in current accounts (or slightly longer-term savings accounts) at the bank or building society. The truth is that far more of the nation’s wealth is held in company shares, bonds, pensions and property, than on cash deposit.

Shares and pension pots have been greatly boosted by the Bank’s low interest rates and monetary stimulus since 2009. House prices have also done well, also helped by low rates. Savers complain about low returns on cash, yet fail to appreciate the benefit to the rest of their savings portfolios from monetary stimulus.

There’s no denying that annuity rates (products offered by insurance companies that turn your pension pot into an annual cash flow) are at historic low thanks to rock bottom interest rates. Yet, since last year, savers also have the freedom not to buy an annuity upon retirement thanks to former Chancellor George Osborne’s regulatory liberalisation. People can now keep their savings invested in the stock market, liquidating shares when necessary to fund their outgoings.

There has been talk of the latest cut in Bank base rate pushing up accounting deficits in defined benefit retirement schemes to record levels, clobbering pensioners. But this is another misunderstanding.

Yes, some of these schemes, run by weak employers, could fail and need to be bailed out by the Pension Protection Fund. And this could entail reductions in pension pay outs. Yet the larger negative impact of rising pension deficits is likely to be felt by young people in work, rather than pensioners or imminent retirees.

Firms facing spiralling scheme deficits and regulatory calls to inject in more spare cash to reduce them, might well respond by keeping downward pressure on wages or by reducing hiring. In other words, the bill is likely to be picked up by those workers who are not benefiting, and were never going to benefit, from these (now closed) generous retirement schemes.

Perhaps the biggest misconception about savings is that low returns on cash deposits are somehow all the fault of the Bank of England. This shows a glaring ignorance of the bigger economic picture.

Excess savings in the global economy – in particular from China, Japan, Germany and the Gulf states – have been exerting massive downward on long-term interest rates in western countries for almost two decades. To put it simply, the world has more savings than it is able to digest. It is this global 'savings glut’ that has driven down long-term interest rates, making baseline returns so low everywhere.

It’s legitimate to wonder whether further cuts in short-term rates by the Bank of England will have much positive affect on the UK economy. But the savings lobby seems to believe that it’s the duty of the Bank to raise short-term rates, regardless of the bigger picture, in order to give people a better return on their cash savings today. This would be madness.

Yes, the Bank of England could jack up short-term rates – but the most likely outcome of this would be to deepen the downturn. And for what? It would mean a higher income for cash savers, but survey research suggests most would simply bank the cash gain rather than spending it, delivering no aggregate stimulus to growth.

Share and other asset prices would also most likely take a beating, undermining the rest of savers’ wealth portfolios. Do savers really believe a 10 per cent fall in the value of their house is a price worth paying for a couple of extra percentage points of interest on their current accounts?

Moreover, the Bank of England’s responsibility is to set interest rates for the good of the whole economy, not for one interest group within it. As Andy Haldane, the Bank’s chief economist pointed out at the weekend, keeping rates on hold (never mind increasing them) would considerably increase unemployment. And the people who would suffer in those circumstances would probably be those who have not even had a chance to build up any savings.

No sensible policymaker or economist wants low interest rates for their own sake. They are a means to an end: to help the economy return to its potential growth rate. When growth has hit that target it will, in time, necessitate higher short-term rates to keep inflation in check.

So for short-term rates to rise, the economy needs to pick up speed. That’s what the Bank of England has been trying to achieve since 2009. Yes, the process has been frustratingly protracted, like jumpstarting an old banger with a flat battery, but the situation would have been worse without Threadneedle Street’s efforts.

If savers are frustrated with low deposit returns they should focus their anger on the global savings glut and the failure (and refusal) of governments in Asia and Europe to rebalance their domestic economies. Other legitimate targets are excessive domestic austerity here in Britain, from the coalition and current governments since 2010, which have delivered a feeble recovery since the Great Recession, and also the Brexit vote which has forced the Bank of England into hosing the economy down with yet more emergency monetary support this month.

And if they voted for the latter two – austerity and Brexit – then savers might care to look in the mirror if they want to see one of the true causes of their frustration.

Why is cricket so reluctant to embrace meritocracy?

Tim Wigmore in Cricinfo


They are still called the golden team. In 1953, Hungary came to Wembley and eviscerated England 6-3 in the "Match of the Century". A year later, in the 1954 World Cup, Hungary defeated West Germany 8-3 and Brazil 4-2. In a run of 50 games, until the Hungarian Revolution in 1956, they won 42 and lost only one - to West Germany in the 1954 World Cup final.

Yet Euro 2016 was Hungary's first appearance in a major tournament for 30 years. While Hungary's decline is sad, it has been no impediment to football's growth. The most successful sport in the world allows teams to rise and, yes, fall based on merit. So do other sports that are expanding, like basketball, rugby and even baseball.

Cricket, though, takes a very different view. This is the context of the opposition to two divisions: the sport has never been run on merit. The very concept of full membership reflects a sport that has prioritised status above on-field results. That can be seen in how each of the ten Test nations retains permanent votes in the ICC board (while the three votes shared by the 95 Associates and Affiliates are effectively worthless), and how even after recent steps to increase funding for top Associates, Zimbabwe still receive about three times as much ICC revenue as Afghanistan and Ireland.

In all previous World Cups, all Full Members have received automatic qualification as a membership privilege. That will change in 2019, but only while the tournament is contracted to ten teams. And even now cricket refuses to embrace the concept of World Cup qualification being based on a fair and equal process, as has long been the norm in other major sports. Afghanistan and Ireland have a chance to qualify automatically through the ODI rankings table, but this is only a theoretical chance: Afghanistan haven't played a single ODI against a top-nine team since the last World Cup.

The idea of Test status has historically been the most egregious illustration of cricket's contempt for meritocracy. The acquisition and retention of status has always been based on politicking as much as cricket: when Pakistan gained independence, the country had to wait five years to gain full membership. Sri Lanka could have been elevated to Test status years before 1982. And when Bangladesh finally gained Test status in 2000 - their own attempts to win Test status upon independence, 29 years earlier, had failed - they had lost five of the six ODIs they had played against Kenya, whose own application was rejected, in the three years leading up to then. When a member of the Kenyan board later made this point to an ICC official, the response was instructive: "You do not have 100 million people."

So when Sri Lanka Cricket's president Thilanga Sumathipala said, "If someone wants to come up - they can come up, that's no problem", he should really know better. Even the much-vaunted Test Challenge demands that a new team win their first ever series, something no country has ever done, and makes no mention of making the 11th Test side a Full Member too. When opponents of two divisions in Tests speak of how "the smaller countries will lose out" if divisions are introduced, it is clear they are thinking only of Full Members, and not the 95 Associates and Affiliates.
The very administrators charged with maintaining fair play on the pitch - by being vigilant against match-fixing and ball-tampering - often seem determined to avoid it off the field, by preventing emerging countries getting a fair opportunity to rise.

This aversion to merit belittles cricket. It has acted as a roadblock to new teams emerging: Ben Amafrio, executive general manager at Cricket Australia, said recently that cricket has only gained one competitive new team - Sri Lanka - in the last 40 years. In growing the sport, cricket has been dwarfed not merely by football but baseball, basketball and rugby too. This means that many wondrous talents, from Steve Tikolo to Mohammad Shahzad and Hamid Hassan, have rarely had the chance to show the best of themselves. Worse, it has meant that countless other talents have been lost to mainstream international cricket before they have ever had the chance. Names like Muralitharan, Jayasuriya, Aravinda de Silva and Sangakkara would not resonate in the same way had they been unfortunate enough to play in the pre-1982 generation of Sri Lankan cricket, when they could do nothing to gain Test status.

Rejecting meritocracy also damages the standard of cricket - not just because of the talent that does not get to play with the elite but because it allows existing Full Members to get away with an underperforming team without real consequence. This was the point made by New Zealand Cricket chief executive David White recently, when he said that two divisions would "make people look at their high-performance programmes and their systems, so the product of Test cricket will improve as well". It is a lesson that other sports long ago learned.

Meritocracy does not tolerate the stasis and misgovernance that has characterised boards in Sri Lanka, West Indies, Zimbabwe and beyond for far too long. Former Zimbabwe coach Dav Whatmore recently pointed out that ZC are "getting US$ 8-9 million a year and they've got a debt of almost $20m".

Such ICC funding would have gone much further had it been allocated to countries on the basis of merit, not status. And not only have Full Members received far more ICC money, they have also been free of scrutiny in how they spend it. The ICC has long mandated that all Associates and Affiliates submit their financial statements every year, to show where every cent of their ICC funding is going, yet only this year ensured that Full Members do the same.

Where competition has been genuinely embraced, it has led to huge improvements in the quality of the game. That much was recognised by Tim Anderson, the ICC's former head of global development, who said that at Associate and women's level, "the long-standing, merit-based event structures… have all provided building blocks for these improved performances, as has a funding model designed to incentivise and reward performance, not status", in an email to ICC members earlier this year. The contrast with the Full Members' attitude to meritocracy at the top of the men's game did not need to be spelled out.

Like the Hungarian football team and the West Indies cricket team, international teams decline. But while football and other sports allow other rising teams to take their place - and fallen giants to rise again - cricket does not. As sad as the decline of West Indies is, is it any sadder than the best players from Afghanistan, say, being denied the opportunity to play Test cricket because of the misfortune of their nationality?

Across all sports, fans and broadcasters value meritocracy, which gives games context and consequences for victory and defeat. It is this knowledge - and the reality of stagnating TV rights for all bilateral cricket, while those for domestic T20 leagues are soaring - that is now driving the ICC's attempts to introduce two divisions, and a 13-team ODI league. Without embracing the principles of merit, "cricket will lose fans and revenues, threatening its position in the marketplace," warns Simon Chadwick, a sports business expert.

So ingrained is cricket's conservatism that the notion of meritocracy in international cricket is now seen as something radical. In essence, though, it is an insurance policy to safeguard international cricket's future: both its number of competitive teams and its financial viability. Japan's victories over New Zealand and France in the Olympic rugby sevens were the latest reminder of how other sports are aggressively expanding, and in the process weaning themselves off a dangerous over-dependence upon a few countries. Yet cricket essentially retains its traditional colonial footprint, and its economics are still unhealthily reliant upon a coterie of nations - and above all India.

This means that if international cricket becomes even a little less lucrative in Australia, England and India - even if only through the rising appeal of domestic T20 leagues - the entire economy of the international game will suffer. Never mind the cricketing arguments for meritocracy; on a business level, that is poor risk management. The risk to international cricket's future lies not in meritocracy but in rejecting it.

Monday, 15 August 2016

Ever-lower interest rates have failed. It’s time to raise them

Mary Dejevsky in The Guardian

When the Bank of England reduced the base rate to a record low this month, there was one, tiny consolation for savers. The governor, Mark Carney – almost the only individual to have emerged from the Brexit shambles unscathed – said he was “not a fan” of negative interest rates. He thus seemed to rule out the nightmare – for anyone even just in the black – that we would have to pay the banks for keeping our money, rather than the other way round.

Carney’s effective rejection of negative rates – as already introduced in Japan and Sweden – was welcome. But it does little to help UK savers, who are recommended, in that infuriating phrase, to “shop around” for higher rates. Shop around if you like, but I was recently informed by two banks that rates were being reduced below 0.5%, and short of entrusting your cash to an emerging market, real options are few.

If the next thing is overt, as opposed to covert – charging for current accounts – then we will be in negative territory in fact if not in name. Then what? Despite everything I was brought up to believe, stashing cash under the mattress suddenly looks like sage planning.

The catastrophic fall in returns to savers over the past few years is, of course, a long-term consequence of the financial crisis; but a grievously neglected one. Each time rates have been reduced, the loudest voice has been that of creditors and their advocates. The supposed rationale is that low rates will get us all spending so as to get the economy growing again.

For those acclimatised to living not just with mortgages at absurdly low levels, but with overdrafts and credit-card debt as well – the benefits are evident. The cost of servicing that debt is reduced, and repay-day is again postponed. Small matter that the credit bonanza of the early 2000s was a direct cause of the financial crisis, and that we are also being urged to save for our retirement: ever-cheaper credit remains the economic growth hormone of choice.

For those of us told from childhood not to live beyond our means, who have also done our best to save for retirement, the potential effects are dire. Whenever I hear any mention of a new round of quantitative easing or a cut in interest rates, another dark cloud appears on my financial horizon – and not mine alone. We were led to expect a return on our savings that would supplement our pensions; a half of 1% even on a goodly sum will not do that.

Those now contemplating retirement on private sector, non-final salary, non-index-linked pensions – the majority – will see the rewards for their prudence not just trimmed, but slashed.




With interest rates low, investment funds look attractive



All the talk of intergenerational strife and the “plight of the millennials” omits the betrayal and impoverishment of savers, who are mostly older and have no means of increasing their income. What use is cheap credit to them? You don’t get a 1% tracker mortgage on care home fees.

The focus on house prices as the evil of evils for the young is also misleading. Low interest rates have helped push up housing costs in areas of high demand by making mammoth mortgages affordable. Saving for a deposit is the problem, and low interest rates don’t help.

There are signs, though, that the doctrine of ever-lower interest rates may be starting to run out of road. In the Financial Times last week a fund manager dared to challenge the orthodoxy that low interest rates necessarily stimulate demand. In the same paper, a reader argued that lower rates made him sit on his savings rather than spend. I suspect it has the same effect on others.

There are surely compelling reasons for a rethink. Reducing the cost of borrowing has not, in fact, led to a consumer boom, nor even to more modest growth. Without a perceptible rise in their incomes, it would seem that most people err on the side of caution. Either that, or their credit, however cheap, is maxed out.

We savers, meanwhile, are hanging on to what we have, for fear of even worse returns, and perhaps higher inflation, to come. Nor are negative rates likely to change this. The Japanese have not gone out to spend, even though this might seem a logical response; the result has rather been less money in banks and more, it is assumed, under beds.

So if ultra-low interest rates are not stimulating growth, and if they are simultaneously undermining messages about sound money and saving for retirement, how about trying the opposite? A rise in rates, perhaps?

The very idea would, of course, be greeted by warnings about mortgage defaults, repossessions, and hitting the poor disproportionately. But low rates tend not to benefit those on the brink; and an initially modest rise would offer a salutary reminder that borrowing has a cost. It could also exert downward pressure on house prices.

More immediately, it could encourage those of us in the black to indulge in a spot of so-called discretionary spending. In all, we could be reaching a point where the pluses of a rate increase outweigh the minuses. For savers, that point can’t come soon enough.

Schoolmates used to ask me about Indian trains. I can now confirm British ones are worse

Nish Kumar in The Guardian


Protesters against Southern Rail in London last month: a 2015 poll revealed nearly 60% of the public supports public ownership of the railways. Photograph: NurPhoto/Getty Images





Last week Southern Rail staff went on strike, leaving thousands of commuters facing a slightly improved service. Southern’s non-stop calamities this summer have added support to the idea of renationalisation. This debate is something I watched with great interest. I’m a standup comedian who can’t drive. I have never learned. I don’t trust my hand-eye coordination. You’re looking at someone who once dropped a cricket ball on to his own head during a routine catching practice; I don’t think it’s a great idea to have me in control of a high-speed metal death robot.

So I rely on the train system in this country. And I can tell you from firsthand experience that our train system is a mess. Carriages are full of unhappy travellers packed together like sardines, who have inexplicably paid for the privilege of being incarcerated. Periodically, everyone has to flee for cover, either by lying across the laps of the passengers lucky enough to have a seat, or by climbing into the luggage racks on the ceiling to allow the optimistically named “buffet” cart to pass through just in case anyone wants to spend £50 on a packet of crisps or a single fruit pastille.

And it’s not cheap, either. Train fares have increased way out step with inflation, meaning the percentage of our salaries we spend on train fares is now six times higher than many of our European counterparts – and that’s if you plan ahead. If you want to travel from London to Manchester, and have not booked a ticket, be prepared to sell a kidney or stay at home. Frequent train travellers have to plan ahead, booking months in advance to avoid massive fares. But there is still the risk that you will turn up on the day and the train will have lost its seat reservations for no apparent reason, and you will end up wedged between the door and the bathroom. Other than a music festival, a train is the only thing you might have to buy a ticket for and still end up spending an hour standing next to a toilet.

I feel sorry for the commuters affected by the Southern Rail chaos, especially because I hail from Croydon and have experienced that mayhem firsthand. As if being from Croydon wasn’t bad enough. When I was growing up, and periodically going to India to visit my grandmother, my classmates would often ask me about the trains. There was an exotic fascination with people sitting on top of the carriages. v

I was once ejected from a Southern train for sitting in first class when the train was full. I informed the guard that, as the section was empty and I would have happily moved for people with first-class tickets, I didn’t see what the problem was. He said: “It’s far more serious than that – you have to keep that area clear in case people in wheelchairs get on.” I apologised and said: “I didn’t realise people in wheelchairs were allowed in that section.”

He replied: “Yeah – only if they have a first-class ticket. Otherwise we kick them off as well.”




Virgin Trains East Coast staff to strike in row over jobs

It’s interesting how far we have moved on in our attitude to renationalisation. In the 1980s and 1990s, we consistently elected governments that essentially based their economic policies on the boardgame Monopoly, where public services were flogged off to the highest bidder. We were in thrall to Rich Uncle Pennybags, the moustachioed, monocle-wearing mascot we now call Mr Monopoly. (This is clearly a terrible name, by the way. It’s like me changing my name to Grandpa Nishy Mouthjoker.)

But there has been a change in public opinion, if not in government policy. A 2015 poll revealed nearly 60% of us support public ownership of the railways. Last year, the East Coast service was reprivatised. The government had taken over the running of the line after the collapse of the previous private ownership and, in public control, it had become profitable to the Treasury and reported positive customer satisfaction. It is now run by Virgin Trains and, on Friday morning, staff announced strike action over two weekends in August. This means that I can’t get back to London from the Edinburgh Fringe. Once again, comedians are punished. Truly we are the most oppressed people in society.

Frustration with the trains is inevitable, given the daily difficulties commuters face. In France, a near fully publicly owned rail system managed to give its passengers fares far lower than the UK for almost exactly the same amount of public rail subsidy between 1996 and 2010. Furthermore, the French government has invested profits in private rail companies, which then invest in companies that run British trains. Including – surprise! – Southern. As we haemorrhage money, we are lining the pockets of Riche Oncle Sacs d’Argent.

Nationalisation might seem like the preserve of old-fashioned, duffel-coat-wearing, Red-Flag-singing socialists, but it also appears to be economically efficient. Labour adoped renationalisation as a policy at its 2015 autumn conference, and Jeremy Corbyn is trying to make this a key platform in his plans to be the next prime minister. Corbyn might be on to a winner here. Time will tell. Anyway, I had better head off – I’ve got to start booking some train tickets for October 2025.