4 Burst results for "Richard Milner"
Monocle 24: The Globalist
"richard milner" Discussed on Monocle 24: The Globalist
"I don't think that trend is going away. And i mean spending on a national level too i. I think it's one point. Four trillion saved up from the oil and gas industry all of its invested in foreign stocks and bonds and other assets. How will the government tackle questions of spending from the fund will. That's another very big question In the pandemic. I mean noise being in this fabulous position of being able to draw on this fund. As you say they're able to us about three percent of it each year in the budget And they've used more than that The problem is historically is. They've never been able to store to reduce the spending spending is away. Stayed at that level The feeling is that they do need to reduce it to stick to the rules. So i think that's going to be a big question as to whether they do stick to the rules. I mean it's a very nice problem to have I don't think it causes any big issues Immediately but over time. Of course you spend a bit too much of it then you draw down and this really is the sort of nations piggy bank Or rainy day fund so If you spend a bit too much of it consistently then you could start to reduce its value wretched. Thank you very much indeed. That was richard milner keen for a quick tutorial on where you should take your business over the coming months. The really brilliant products brilliant not because of marketing campaign or because they've managed to get some incredible ambassade f. They really are good. Because they add value interested to learn how one of the world's biggest pharma companies responding to the pandemic. We need with called warm preparedness. we need public health systems. That have the supplies ready at least for the initial phase of a pandemic curious about the future air travel. Everybody's looking forward to connect with the world connect with friends around the world and to spend some leisure time in some relaxing time abroad or wondering whether shops will still not her. There's thousands of different journeys through the store. That anyone who walks in could take from ceos to editors-in-chief cmo's to chief strategy officers are series of fast paced intimate discussion with chiefs big and small from around the world. That's the chiefs right here on multiple twenty four or wherever you find finder podcasts. Go the socialist. Mayor of paris has launched bid for the french presidency. also seeking to unseat incumbent. Manual macron is far right leader marine le pen who's outlined her vision for her third presidential campaign. Well on the line from paris. I'm joined by. Afp's florence beadman florence. Welcome back to you now it doug oh launched her bid on sunday what platforms as she campaigning on which is campaigning on a traditional social democratic platform. She's insisting on a social justice reducing inequalities this is social democrat values environment as a priority and she had also kind of surprising proposal lack of doubling the teachers salaries which are crab fighters of noisier. Because of course everybody starts to catch date how much it would cost. So that's that's how she presents was said. She's kind of a member of the socialist party. Who is let's say nearly inexistent now at the national level but still strong in in local elections. So that's where she would start from. The left is fairly fractured. Do you think that she can unite the party to endorse her her nomination. So the party. The socialist itself will endorse on munition. Because it's not that they have lots of contenders. There will be probably another one former socialist minister but on the less spectrum. Yes i mean the case now. Seven candidates including undergo three on the extreme left which is kind of a friendship popularity. I would say nowadays The colleges she can think of making an alliance with the ecology. She's actually ruling a paris with the support. The reggie's but there is another contender on the left with johnny shawn the head of the very leftist. That me and he managed to be on the fourth place in the previous presidential election. So you cannot imagine he would just give up his bid for for the sake of a unified left under idel go. Meanwhile molecules marine le pen has been serving out her stole And she's been putting out some pretty inflammatory and racist remarks what she said Well i mean. She said that you should limit. Of course the immigration. She's also competing since decayed. I would say on the fact that there are too many raynor's in france but the novelty in this campaign is not so much what she says that the fact that she has also now a kind of rival who is even more extremist than. She's a Polemicist journalist air and he could change the setup of the election because if he takes votes from marine with an even more inflammatory way of talking then it could increase the chances of the traditional right candidates to to come even a second and he is a threat to my host of And i mean people just a bit thick of of lapenne third attempt at the top job. And i mean national rally party did very badly regional elections in june. Yes so swan. Explanation was that maybe she. She was a trying to be more of a traditional party to get more votes. So you would see less difference now between her and Let's see the rights of the traditional right so she probably lost last votes because of this because she's a of course anti-establishment but somehow she resembles more and more the other classic rides and that's why i mean a candidate with let's say mo inflammatory speech guy have a chance to to get some votes and yes i mean she. She still the the best. The has denied as like you can just discount her. Maybe she's less sponsor inside our own party but she still force and everybody thinks she she could come second. I mean both. She and adele have been criticizing macron. They've been calling him arrogant. Is that the general opinion. Do you think yes. I think he. He's been trying very hard to to discount. This image arrogant aloof far from the normal people But it still sticks to him. I mean you know if you starts a presidency with that kind of image. It's really difficult to get rid of it. And of course all the other contenders all of them are insisting on this aspect And i mean will he definitely stand again yes of course and let's say he's an very good starting position because he did not wear some limit. Mistakes like everyone else bad. People are pretty satisfied. Globally with the way he dealt with the pandemics and his partner. Riches is not. It's pretty high compared with other former presidents at the center of their presidency. Well what about his stance on europe amini has been positioning himself as as possibly particularly after merckel goes as as a leader. He i certainly even when she was in power was trying to convince european. But you won't find anybody like we are not the fr- exit land. Even marinela pens topped proposing france. You fronts should leave the euro..
Monocle 24: The Globalist
"richard milner" Discussed on Monocle 24: The Globalist
"I think is a priority for the future because it's probably the african continent where we're gonna see more problems like this in future because they're having their current population explosion. A bit like china did in previous decades. Chris thanks very much indeed. That's dr christmas now. Still to come on the program we ask. If noise sovereign wealth fund can avoid being political. We get the latest movie news. And we learned that a judge in leicester had sentenced a young man convicted of taking too close and interesting white supremacist. Nonsense and bomb-making instructions to instead read the works of jane austen. Thomas hardy anthony trollop and charles dickens and to report back to court to be tested on what he'd learned quite possibly to really dislike wide english people if he makes it through that lot. This is the cleverest stay. Tuned has a nine hundred investment analysts from over one hundred different countries. Nine hundred of the sharpest moins freshest thing in the world of finance. Find out how we can help you contacted us at. Ubs dot com no weighs one point four trillion dollars sovereign wealth fund is the largest in the world owning on average one point four percent of every listed company on earth. It began twenty five years ago. Norwegian politicians always laboured the point that the fund is a financial investor and not a political tool. Well my guest today questions that joining me from oslo is richard mille nordic and baltic correspondent for the financial times richard. Thanks for joining us. Can you tell us the about the origins of the fund and its growth over last quarter of a century. Yeah well it's quite an extraordinary thing especially in democracy. You tend to find sovereign wealth funds in saudi arabia contol kuwait and so Even back in the sixty late sixties when oil was i found and then the seventies no way never really thought that would amount to that much in the the. They explored the mechanism and they eventually came up with the oil fund which is a way of diverting of all the tax revenues that they receive from oil and gas into a funds on the basis. That the it was a bit of a wooden these oil and gas revenues natural resources and they should be shed by future generations of norwegians not just current generations. And it's pretty interesting. Every time i write a story about no ways oil fund The most common comment is people in the uk saying well why didn't we have one Basically in the uk the oil revenues were spent in the eighties just through the budget so it was pretty sighted of norway. Set this up. How how's it changed. Its focus over the years so it's gradually. It was a very boring invested to begin with just in boston. It's become a bit ratio lot in stocks. I mean as you mentioned. I mean it's extraordinary under one point. Four percent every listed company on average in the world kind of extraordinary and As it's bigger and bigger than anybody ever expected with power comes responsibility and There's been the sense that it needs to start taking positions on everything from climate change to executive pay But then of course when you do that as the so. The state body Even if you're trying to be a financial investor you know if you say the goldman sachs shouldn't have achieved executive gem who the same person all the chief executive is over paid. It's you start to stray into the World of whether you're acting politically Exactly i mean you. You have a great piece in the tea and you ask for funds. Controlled by norway's parliament and government makes decisions on what to invest in and more crucially. What not to invest in can not be thought of as acting politically. I think quoted the norwegian professor in says that basically everything is political way or the other and I think it suits are just. It's one point four trillion dollars Now is mind boggling summit money and that starts to burn a hole in people's pockets and you know said no way parliament having elections In ten days time And many of these parties would like to use more of the money would like to use it in a different way. they'd like to use. The fund may be more aggressively to combat climate change You could see nine parties in parliament incredibly fragmented parliament and all that taken together means that the fund is likely to be promoted more politically. And i don't know. I think it's gonna be very interesting. Is basically an experiment in democracy. And we're gonna see how it goes and in terms of what's not invested in for instance tobacco's been dropped. What else is barred. So they back. They banned tobacco eliane alcohol. They banned a nuclear weapons produces And then about five or six years ago they banned Both companies that produce it and that uses locked and recently. They came up with a ban on so-called Oil exploration and production groups which sounds exciting but basically very few oil group some they're mostly Excludes all that big oil companies you can think of And so that's a waste. Why do they exclude some groups and not others do they ban some sectors and not others and they starts to get very political and then just this morning. They've announced that they're having another review of a certain aspect of the fund And it can be headed by foreign poli policy. Analyst voice said that this isn't a foreign policy toe so it's It's quite striking. And i think this is sort of thing it's just in a democracy. Everything is under a bit more spotlight and pressure Do you think that the mandate of the fund should be changed. Oh this is the big question. I mean i think climate change is one of the is probably the key issue here. It is increasingly difficult for fun to avoid taking a position on climate change. And then comes the the you know. This is a fund based entirely on revenues from oil and gas. So it's hypocritical. The oil fund would take you know an aggressive position on on climate change or is that actually rather enlightened and a good thing I think that probably needs to be some definition of what a responsible investor. What that means Very buzzwords for all pension funds in an nfl thing but when in a democracy if it's not really set out then then it can be abused but it can be maybe not used in the way that people want it to be used. So you know. I think basically is the size increases. And it's heft. In world markets increases the debates is on the increase around the fund. I'm probably i mean. Do you think that it is too powerful. And how could that be curtailed. Well so that's the. The review i mentioned was announced today is looking at whether fund is currently housed in the country's central bank. And it's looking at whether it should be put in its own organization previously the The current finance minister floated to me about eight years ago whether the fund should be broken up into tool multiple because it was so big. I don't think any of those things are gonna happen. I think it's just something the fund is going to have to live with. It's going to be increasingly in. The spotlight is rather lift in the shadows up till now you know. Some of these debates and issues are gonna rather uncomfortable for it but at the same time it's in the democracy can have sort of political legitimacy. I think You know it's gonna be interesting to follow. But i think there's a good chance that it's still viewed as a great success in the esca- richard thank you very much indeed. That was richard milner..
BrainStuff
Could There Be a Fifth Fundamental Force?
"The four fundamental forces are the most important quartet in science so far is anyone's been able to prove the universe is governed by these forces forces gravity electromagnetism the strong force and the weak force. But maybe this foursome isn't alone in two thousand fifteen. A Hungarian and team led by physicist Attila. Credit Hawkeye reportedly discovered new evidence for a fifth fundamental force. Something previously unknown to science. The the group uploaded another paper about the subject to archive a research database in October of two thousand nineteen while many scientists are skeptical about these findings. The research search does give us an occasion to talk about the major forces that we all take for granted the Fab four fundamental forces are irreducible meaning. They can't be broken down into other more basic forces. These are the core phenomena behind every other known type of physical interaction. For example friction tension and elasticity busy are all derived from electromagnetism. And what's that you ask. ELECTROMAGNETISM is a force that affects all positively and negatively charged particles articles those with opposite charges attract while ones carrying like charges. Repel each other. Not only does this principle. Keep magnets on your fridge. But it's also the reason why solid solid objects are able to retain their shapes compared with electromagnetism. Gravity is rather weak surprisingly enough. It's actually the weakest of the four fundamentals including including the so-called weak force. We'll get to that one in a bit. A gravity is the attraction of any two objects in the universe to another moons. Dust motes coyotes. Whatever ever everything exerts gravity on every other thing but at least one of the things in question has to be pretty massive in order for it to make much of a difference? That's why we you don't have dust mites orbiting our heads like asteroids and why we don't fall into orbit of coyotes when we encounter them but let's turn to the appropriately named strong force course. This is what hold Tomic nucleus together. Even in spite of their charged protons which are constantly trying to escape and last but not least. There's the Weak Force Aka. The weak interaction. This one is the hardest to explain and honestly I'm not an expert here but it's the force by which which subatomic particles can transform by decaying into different particles by losing boasts on which disintegrates into positron and or neutrinos this week force force fuel certain kinds of radioactive decay which means it's responsible for everything from medical imaging to the radiometric dating that researchers use to determine the ages of fossils thousand artifacts to the nuclear fission that occurs in the sun. So kind of a big deal. Scientists have a theory that nicely describes three of those forces known these standard model of physics. It's made up of various measurements and mathematical formulas. It also breaks down. Elementary particles into categories is an subcategories. We spoke by email with mit physicist. Richard Milner he explained. The Standard Model of physics is the present framework for describing describing the subatomic world at all energies. It was developed post World War to end. I count at Least Eighteen Nobel prizes in physics since nineteen fifty that have been awarded for contributions tribulations to its development alike all good theories. The Standard Model has accurately predicted numerous scientific breakthroughs including the discovery of the elusive higgs. Boson particle back in two thousand twelve yet. It doesn't answer every question. The Standard Model offers no explanation for gravity and it hasn't brought scientists any closer to understanding dark matter a mysterious ingredient that makes up about twenty seven percent of our universe. Here's where crossing a Hawkeye and company. Come in during a twenty fifteen experiment at the Hungarian Academy of Sciences Institute for Nuclear Research They watched excited brilliant eight atoms decay inside a particle Michael Accelerator normally this process releases light which is later converted into electrons and positron are a type of Subatomic particle with a positive charge. And sure enough. That's what happened but then things got interesting. Normally brilliant eight decays predictable fashion yet. A weirdly Lee high number of these electrons and positron repelled each other at a one hundred and forty degree angle to explain the surplus crasner. Hawkeye's team argued that a never before seen particle had been formed as the atoms decayed by their calculations this theoretical subatomic body would have a massive around seventeen million electron-volts on volts. They went ahead and named the x seventeen particle and now ex seventeen is again making the news. Recently the same Hungarian Carrion scientists detected an anomaly indicates samples of helium four according to their archive paper. An unforeseen surplus of positron and electrons were released. Possibly because another seventeen particle was created. If this mystery particle exists. It might be something very special. Maybe just maybe it's a newfound carrier boasts on both sides are spinning particles that probably lack internal structure their known to carry forces making them an integral part of the standard model under the standard model. Milner Explains Forces take place by exchange of the carrier Bussan's between other subatomic particles articles. It's said each of the four fundamental forces has its own corresponding boasts on the one that transports gravity hasn't been found yet but the carrier bones associated it was strong force. Weak force electromagnetism are well documented. Presumably at seventeen would be the Kargbo sound for a fifth fundamental force that we never knew existed listed and perhaps said force is somehow related to dark matter but or getting ahead of ourselves. There's no hard proof that x seventeen exists. It's in the first place. The European Organization for Nuclear Research better known as sern has yet to find any trace of the particle and the new archive paper is still awaiting peer review and replication from other scientists milner and his colleagues have devised a proposal to try to generate seventeen particles in a scattering experiment at the Thomas. Thomas Jefferson National Accelerator Facility in Newport News Virginia at present the standard model does account for any new fundamental forces. So if the x seventeen and the fifth force that allegedly carries a real we'll have to modify the good old standard model at any rate. It's clear the Potomac world is still rife with
BrainStuff
Could There Be a Fifth Fundamental Force?
"The four fundamental forces are the most important quartet in science so far is anyone's been able to prove the universe is governed by these forces forces gravity electromagnetism the strong force and the weak force. But maybe this foursome isn't alone in two thousand fifteen. A Hungarian and team led by physicist Attila. Credit Hawkeye reportedly discovered new evidence for a fifth fundamental force. Something previously unknown to science. The the group uploaded another paper about the subject to archive a research database in October of two thousand nineteen while many scientists are skeptical about these findings. The research search does give us an occasion to talk about the major forces that we all take for granted the Fab four fundamental forces are irreducible meaning. They can't be broken down into other more basic forces. These are the core phenomena behind every other known type of physical interaction. For example friction tension and elasticity busy are all derived from electromagnetism. And what's that you ask. ELECTROMAGNETISM is a force that affects all positively and negatively charged particles articles those with opposite charges attract while ones carrying like charges. Repel each other. Not only does this principle. Keep magnets on your fridge. But it's also the reason why solid solid objects are able to retain their shapes compared with electromagnetism. Gravity is rather weak surprisingly enough. It's actually the weakest of the four fundamentals including including the so-called weak force. We'll get to that one in a bit. A gravity is the attraction of any two objects in the universe to another moons. Dust motes coyotes. Whatever ever everything exerts gravity on every other thing but at least one of the things in question has to be pretty massive in order for it to make much of a difference? That's why we you don't have dust mites orbiting our heads like asteroids and why we don't fall into orbit of coyotes when we encounter them but let's turn to the appropriately named strong force course. This is what hold Tomic nucleus together. Even in spite of their charged protons which are constantly trying to escape and last but not least. There's the Weak Force Aka. The weak interaction. This one is the hardest to explain and honestly I'm not an expert here but it's the force by which which subatomic particles can transform by decaying into different particles by losing boasts on which disintegrates into positron and or neutrinos this week force force fuel certain kinds of radioactive decay which means it's responsible for everything from medical imaging to the radiometric dating that researchers use to determine the ages of fossils thousand artifacts to the nuclear fission that occurs in the sun. So kind of a big deal. Scientists have a theory that nicely describes three of those forces known these standard model of physics. It's made up of various measurements and mathematical formulas. It also breaks down. Elementary particles into categories is an subcategories. We spoke by email with mit physicist. Richard Milner he explained. The Standard Model of physics is the present framework for describing describing the subatomic world at all energies. It was developed post World War to end. I count at Least Eighteen Nobel prizes in physics since nineteen fifty that have been awarded for contributions tribulations to its development alike all good theories. The Standard Model has accurately predicted numerous scientific breakthroughs including the discovery of the elusive higgs. Boson particle back in two thousand twelve yet. It doesn't answer every question. The Standard Model offers no explanation for gravity and it hasn't brought scientists any closer to understanding dark matter a mysterious ingredient that makes up about twenty seven percent of our universe. Here's where crossing a Hawkeye and company. Come in during a twenty fifteen experiment at the Hungarian Academy of Sciences Institute for Nuclear Research They watched excited brilliant eight atoms decay inside a particle Michael Accelerator normally this process releases light which is later converted into electrons and positron are a type of Subatomic particle with a positive charge. And sure enough. That's what happened but then things got interesting. Normally brilliant eight decays predictable fashion yet. A weirdly Lee high number of these electrons and positron repelled each other at a one hundred and forty degree angle to explain the surplus crasner. Hawkeye's team argued that a never before seen particle had been formed as the atoms decayed by their calculations this theoretical subatomic body would have a massive around seventeen million electron-volts on volts. They went ahead and named the x seventeen particle and now ex seventeen is again making the news. Recently the same Hungarian Carrion scientists detected an anomaly indicates samples of helium four according to their archive paper. An unforeseen surplus of positron and electrons were released. Possibly because another seventeen particle was created. If this mystery particle exists. It might be something very special. Maybe just maybe it's a newfound carrier boasts on both sides are spinning particles that probably lack internal structure their known to carry forces making them an integral part of the standard model under the standard model. Milner Explains Forces take place by exchange of the carrier Bussan's between other subatomic particles articles. It's said each of the four fundamental forces has its own corresponding boasts on the one that transports gravity hasn't been found yet but the carrier bones associated it was strong force. Weak force electromagnetism are well documented. Presumably at seventeen would be the Kargbo sound for a fifth fundamental force that we never knew existed listed and perhaps said force is somehow related to dark matter but or getting ahead of ourselves. There's no hard proof that x seventeen exists. It's in the first place. The European Organization for Nuclear Research better known as sern has yet to find any trace of the particle and the new archive paper is still awaiting peer review and replication from other scientists milner and his colleagues have devised a proposal to try to generate seventeen particles in a scattering experiment at the Thomas. Thomas Jefferson National Accelerator Facility in Newport News Virginia at present the standard model does account for any new fundamental forces. So if the x seventeen and the fifth force that allegedly carries a real we'll have to modify the good old standard model at any rate. It's clear the Potomac world is still rife with