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IN THE PAPERS

'Macron Economics'

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Macron-economics, the former banker turned minister

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IN THE PAPERS

'The capital of sex, drugs, alcohol, trash and trashy tourism'

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Live from the newsroom, we provide an overview of the stories making the French and international newspaper headlines. From Monday to Friday at 7.20 am and 9.20 am Paris time.

IN THE PAPERS

IN THE PAPERS

Latest update : 2012-07-03

Grim news and alarming psychoanalysis

Syrian President Bashar al-Assad apologises...to Turkey for shooting down a fighter jet. Also, Human Rights Watch investigates Syian torture centres. And there’s speculation about criminal prosecution of the Barclays bankers who rigged interest rates. For one paper that would not be enough, given the distorting effects that unconstrained power has on the brain activity of those running a virtually unregulated banking industry.

Human Rights Watch has investigated two dozen torture centres across Syria, and The Brisbane Times highlights witness accounts in which we read of stapled chests and electric shocks.

In the UK, the Barclays bankers responsible for rigging inter-banking rates could be prosecuted for criminal behaviour. The Independent argued the Chairman’s head should not have rolled though, as interest rate manipulation would have been below his level of oversight. CEO Bob Diamond should be the one to go. (Someone was listening, as Diamond has since stepped down).

In an essay on The Psychology of Greed, the Guardian cites studies which look into the effects of power on the human brain. Bank bosses are more powerful than most elected officials – particularly after decades of deregulation, and holding onto power changes brains by boosting testosterone, which increases the dopamine in the brain's reward systems.

While moderate amounts encourage people to be more strategic and bolder, the logic goes, extreme forms distort personalities, making them egocentric, unempathetic and greedy for financial, sexual and material rewards.

All the while, the excess of unchecked power dulls their perception of risk, even when a storm is brewing.

By Kyle G. Brown

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Archives

2014-08-27 French economy

'Macron Economics'

FRENCH PAPERS - Weds. 27.08.14: The leading story in the French press today is yesterday's cabinet reshuffle. According to a poll in Le Parisien, most French people welcome the...

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2014-08-27 tourism

'The capital of sex, drugs, alcohol, trash and trashy tourism'

INTERNATIONAL PAPERS - Weds. 27.08.14: Papers across the world focus on a long-term ceasefire agreement between Israel and Palestinian militants in the Gaza Strip. Also, the...

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2014-08-26 French economy

'Irreconcilable differences'

INTERNATIONAL PAPERS - Tues. 26.08.14: The French government is dissolved and a full reshuffle announced. Papers across the world react to this political upheaval. Who is...

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2014-08-26 French economy

'Crisis in the ranks'

FRENCH PAPERS - Tues. 26.08.14: The current political crisis is gripping the French press today. Papers focus on the major rift between President François Hollande and outgoing...

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2014-08-25 Barack Obama

Prime suspect 'Jihadi John'

The British papers are leading on the hunt for a jihadist thought to be the murderer of US journalist James Foley. One UK MP and a former archbishop are calling for British...

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