When a Leader Just Won’t Go

first_img“He cannot bear being the loser and so now is doing everything within his power to assault the reality he hates,” said Joseph Burgo, a clinical psychologist who has studied Mr. Trump and written about his appeal to voters. “Once he has exhausted all possible avenues to challenge the election, he will spend the rest of his life insisting the system conspired to deprive him of his victory,” said Dr. Burgo, the author of “The Narcissist You Know: Defending Yourself Against Extreme Narcissists in an All-About-Me Age.” “He will take refuge in blame, self-pity and righteous indignation to shore up his sense of self, thereby warding off the humiliation of true defeat.” – Advertisement – Meanwhile, many Republican legislators, loath to upset Mr. Trump, are helping to prop up the illusion that he is still somehow in power, in a way reminiscent of the courtiers who flattered, lied and enabled their way through the final days of Emperor Haile Selasse’s reign in Ethiopia in Ryszard Kapuscinski’s “The Emperor.” Interestingly enough, there appears to be some precedent for this within the Trump family itself. When the president’s father, Fred, developed Alzheimer’s, the family reportedly conspired to help him believe that he still ran the Trump organization. According to Vanity Fair, the elder Mr. Trump would show up for work every day, signing blank papers and using an office phone connected only to his secretary’s line. “Fred pretended to work,” a family friend told the magazine.With his vast coterie of enablers willing to believe his baseless assertions about the election, Mr. Naftali said, Trump might be better compared to the Wizard in “The Wizard of Oz.” – Advertisement – – Advertisement –center_img “Many of us assumed that Trump’s behind-the-curtain moment — when Dorothy arrived and, thanks to Toto, found out that the Wizard was a humbug — would come because of his handling of the Covid emergency,” he said. “But one of the reasons the president is able to continue this fantasy that he won a second term is that 73 million people don’t agree that he was a humbug. Even though the Wizard is on his way out, Oz still exists.” All these things raise the question (asking for a friend): How do you get someone to face reality and get out of the White House? last_img read more

Pension funds less tough on tobacco than insurers: survey

first_imgIt suggested the difference was attributable to the fact that many insurers also sell healthcare policies and have adjusted their investment policies accordingly.VBDO found that six pension funds had blacklisted investments in tobacco firms. They include the €185bn healthcare scheme PFZW, which ceased investing in cigarette manufacturers in 2013.The occupational schemes for general practitioners (SPH) and medical consultants (SPMS) have also halted investing in tobacco.The large metal schemes PMT and PME, when asked, indicated that they didn’t have a tobacco policy, although PME said it would introduce one soon.The €22bn multi-sector pension fund PGB also said it would come up with a policy, following a survey suggesting that just 17% of its participants supported tobacco investments.The €382bn civil service scheme ABP and the €54bn pension fund for the building sector (BpfBOUW) said they invested in tobacco companies “as the sale of cigarettes is still legal in the Netherlands”.The €5bn pension fund PNO Media made clear that it had launched a survey to find out how its participants perceived tobacco investments.According to VBDO, which didn’t publish the names of the investors participating in the survey, nine of the 11 interviewed insurers did not invest in tobacco.VBDO and the Heart Foundation rejected the often cited point that smoking is a free choice, arguing that many smokers have difficulties to quit the habit because of their physical addiction.They also contended that excluding tobacco investments doesn’t negatively affect returns.In their opinion, tobacco investments don’t have a future “as governments increasingly curb smoking and the worldwide number of smokers has been decreasing for years”. Dutch insurers have much stronger exclusion policies on tobacco industry investments than the country’s pension funds, a survey has revealed.The study, conducted by the Association of Investors in Sustainable Development (VBDO) and commissioned by the Heart Foundation found that an increasing number of pension funds were looking into the issue.VBDO said 55 institutional investors took part in the survey, including 30 pension funds with combined assets of €800bn, and 11 insurers.According to the VBDO, more than two-thirds of pension funds didn’t have a policy in place for tobacco investments, compared to 10% of insurers.last_img read more