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Monthly Archives for July 2010

Blank newsprint sheets fanned across a dark surface

July was dominated by three running stories: the attempt to close the blown-out well in the Gulf of Mexico, Kyrgyzstan's constitutional transition in the aftermath of June's violence in the south, and the widening use of financial and legal instruments as tools of statecraft — from a state-secrets prosecution in Beijing to a currency decision in Tehran.

Published this month

The month in one line

A recurring theme runs through July: the distance between a headline number and what it actually measures. Seventy-one million dollars of damage in southern Kyrgyzstan counts buildings, not the trade that will not happen next year. Thirty-five dollars for a student computer is a bill of materials, not a delivered price. A capped well is not a killed well. Reading the number correctly is most of the work.

Continue to the August 2010 archive, or browse by subject: World, Sanctions, Space.

Threads that ran through the month

Three of July's stories are versions of one problem: institutions being asked to do something they were not designed for. A court applying state-secrets law to a commercial database is stretching a security instrument across an economic transaction. A fuel-pricing reform is asking a household budget to absorb a fiscal correction. A containment cap improvised onto a sheared riser is being asked to hold a pressure it was never specified for. In each case the strain shows up somewhere other than where the decision was made.

A fourth thread is the reliability of a first number. Preliminary damage estimates, prototype price points and early accident findings all share a property: they are produced under time pressure by parties with a position, and they are quoted for years afterwards as though they were audited. Where an initial figure appears in this month's coverage, the article says who produced it and under what conditions.