The Levant: A Profoundly Disturbed Environment

An account of two separate expeditions to climb mountains in Tibet, which, while not among the highest in the world, offer a technical challenge equal to the Matterhorn – indeed they are roughly the same height (about 6,500 metres). The first expedition was to Kajaqiao, which the author, Mick Fowler successfully climbed with Chris Watts, the second, a couple of years later, was to Manamcho, which was climbed with Paul Ramsden. The article contains a wealth of detail about the technicalities of this sort of climbing.     

Legislative Transparency and Credit Risk

Open governance requirements are designed to improve accountability, which implies that transparent governments are more trustworthy stewards of their publicly invested power. However, transparency may also reduce institutional effectiveness and inhibit political compromise, diminishing the capacity to manage resources responsibly. We assess empirical support for these competing perspectives in the context of American state legislatures, many of which have become exempt from state sunshine laws in recent decades. We leverage variation in the timing of these legislative exemptions to identify the effect of removing transparency in a crucial governing institution on investors’ risk perceptions of states’ general obligation bonds. Our analysis of these data during the period 1995–2010 suggests that removing legislative transparency reduces state credit risk. We conclude that while openness in government may be normatively desirable, shielding legislative proceedings from public view may actually be better for states’ debt repayment capacity, improving their overall fiscal health.     

Progressivism in British Politics: Some Revisionist Themes

This article argues that a return to the history of progressive political thought can help us to think afresh about what a renewed centre‐left politics might look like today. The article identifies some significant aspects of this history that attracted little attention in earlier debates over the British progressive tradition—in particular, debates about social ownership, nationalism and distributism. This revisionist history of British progressivism points the way towards some common ideological ground that could provide a starting point for a new dialogue between different ‘progressive’ political parties and interests.