Author: MIL OSI Publisher

Source: The Conversation (Au and NZ) – By Martin Farr, Senior Lecturer in Contemporary British History, Newcastle University

No accident waiting to happen can ever have delivered on its promise so spectacularly as Lord Mandelson, with the continuous revelations of his ties to convicted sex offender Jeffrey Epstein. The decision by the UK prime minister, Keir Starmer, to appoint Mandelson as ambassador in Washington DC always appeared a high-risk, high-reward strategy. But no reward could ever have repaid such risk.

There is a grim fascination in seeing a prominent public figure’s reputation incinerated in real time. Mandelson’s entreating emails to a convicted abuser and trafficker of minors were still quite recently sufficient of an embarrassment before he was then photographed urinating in public.

The new normal is to appear on front pages in his underpants. Next will come questions about the meaning of emails that appear to show him betraying the most cardinal principles of public office, for monetary gain, from a criminal.

Mandelson had clearly started 2026 with the intention of rehabilitating himself and re-entering public life: a Sunday morning BBC interview, columns in the Spectator, an interview in the Times. Journalists’ requests for comment were replied to. No longer.

What was striking across these appearances – given Mandelson’s talents – was his maladroitness. Not to have apologised to the victims of trafficking when pressed in that initial high-profile interview, only to realise his error and concede the following day did not bear the hallmark of a master of public relations.

The rehabilitation plan, moreover, evidently did not include a strategy for the documents that were to be released as part of another huge cache of material relating to Epstein.

There is now the suggestion that Mandelson may have forwarded government-sensitive information to a foreign banker while he was, effectively, the deputy prime minister and that he encouraged that banker to intimidate his colleague, the chancellor of the exchequer, Alistair Darling. The banker allegedly did “mildly threaten” Darling. Darling knew someone was leaking, but, having died in 2023, never knew who. Now we have an idea.

To separate the procedural from the human, for now, the issue that leaves the current government most exposed is Starmer’s personal choice of Mandelson as US ambassador. One of two things must have happened: a catastrophic failure in vetting and in due diligence, or the government ignoring red lights from vetting and due diligence.

This is also an origin story scandal for the Labour party, in which Mandelson has deep roots. It has always lived in fear of its leaders succumbing to the charms of plutocrats. It happened in 1931, in the “great betrayal”, when Labour leader Ramsey McDonald formed a government with the Tories and Liberals to resolve a financial crisis – one reason the saintly Clement Attlee nationalised the Bank of England in 1946. Attlee’s deputy leader was Herbert Morrison, Mandelson’s grandfather.

This matters more now because Mandelson’s influence in the party meant that he has acted as a mentor to so many – not least the prime minister’s chief of staff, Morgan McSweeney, the man arguably more responsible for this government than Starmer himself, and the person said to have pushed for Mandelson to be given the ambassadorship. The fissures of the Blairites and the soft left are reopening.

Removing Mandelson

There will be those who take pleasure from so public a defenestration of so polarising a figure. Two such will be the Reform and Green party candidates in the Gorton and Denton byelection.

A room of scriptwriters could not have devised a situation calculated to land more effectively for a canvasser from an insurgent party to stand on a doorstep and asks a voter how satisfied they are with the way the country’s run, and in the qualities of their leaders.

Even before the revelations about his friendship with a billionaire paedophile, Mandelson was the personification of the increasingly maligned and resented globalist, lanyard-wearing, chauffeured classes. The online conspiracist hares that have already been sent running are unnecessary: this scandal is in no need of embellishment.

Some always knew. Mandelson masterminded Labour’s electoral approach for a decade, but when he succeeded Neil Kinnock as leader in 1992, John Smith would have nothing to do with him. Smith died suddenly, and Tony Blair’s sudden ascent was facilitated by Mandelson, to the undying enmity of Gordon Brown.

Brown appointed Mandelson his first secretary of state, but from a position of weakness. He is now making his fury known. The current prime minister appointed Mandelson his ambassador to the UK’s closest and most important ally, but from a position of weakness. Brown, at least, can vent his fury – he no longer has office to lose.

In the space of a few hours, Mandelson’s future shifted from the certainty of ignominy to the possibility of prison. We are already beyond historical parallel. For 60 years, John Profumo has been the yardstick for political scandal in the UK (and another where the exploitation of women was lost in a voyeuristic melee). We have a new one.

In other political cultures, Mandelson would by now have been airlifted to a safehouse outside Moscow or Riyadh, given sanctuary, never to be seen or heard of again. But the prime minister will be seeing and hearing of Mandelson for some time to come.

When it comes to making appointments – a prime minister’s elemental power – Starmer has frequently made the wrong choices, though innate caution and timidity, to the detriment of his government. It is the one exception to this cautious approach that may prove to be the most consequential of all.

Martin Farr does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. The fall of Peter Mandelson and the many questions the UK government must now answer – https://theconversation.com/the-fall-of-peter-mandelson-and-the-many-questions-the-uk-government-must-now-answer-275011

Evening Report: https://eveningreport.nz/2026/02/04/the-fall-of-peter-mandelson-and-the-many-questions-the-uk-government-must-now-answer-275011/

Source: The Conversation (Au and NZ) – By David McMillan, Professor in Finance, University of Stirling

In late January, the gold price reached an all-time peak of around US$5,500 (£4,025). January 30 saw one of the largest one-day falls in prices, which sank by nearly 10% after hitting a record high only the day before.

This was a dramatic about-turn, from a bullish gold market that rose by more than 300% in the last decade, over 150% in the last five years and (perhaps more pertinently) by 75% since US president Donald Trump’s “liberation day” tariffs announcement. To make sense of it, we need to understand some of the factors that led to the rise.

The reasons broadly break down into two categories. The first concerns market uncertainty and gold in its “safe haven” role. As a financial asset, gold offers no income, unlike shares (which might provide dividends) or bonds (which offer coupon payments). So during good times, gold is eschewed for the former and during periods of high interest rates for the latter.

However, during periods of heightened risk and uncertainty, the tangibility of gold gives it value. This was seen during the financial (and subsequent sovereign debt) crisis and at the beginning of the COVID period. Here both share prices and interest rates were low (interest rates historically so) and gold became the favoured asset because it offered the chance of greater returns relative to risk.

These crisis periods can often be geopolitical in nature, and that is the case now with the war in Ukraine following the Russian invasion, as well as ongoing tensions in the Middle East.

But at the moment, what is providing a further boost to the gold price is the uncertainty created by Trump’s tariffs. This is not only about international trade and growth but also its implications for the global financial system. The US dollar is used as a vehicle currency and means of payment for international trade and the currency in which commodities are priced.

The use of tariffs in this way undermines confidence in the dollar, especially where tariffs are threatened as a punishment – as Trump recently did against European countries for opposing his desire to annex Greenland.

And further buoyed by the weak US dollar, which has fallen by 10% in the last year, there has been significant gold-buying, including by central banks as part of their reserves.

As an important aside, while a lot has been said about central banks replacing the US dollar as a reserve currency, overseas holdings of treasuries (US government bonds) are at a record high, countering that view.

The level of debt that countries are building up shows no sign of abating. For example, Trump’s One Big Beautiful Bill Act, which outlines tax cuts and increases to border security and defence spending among many other budget measures, is expected to add several trillion dollars to US debt.

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Read more:
The record gold price reflects a deeper problem than recent global instability

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The second reason for the long-term increase in the gold price is its greater use in investor portfolios for speculative purposes. The “safe-haven” role of gold implies a negative correlation between stocks and gold. That is to say, when one rises the other falls – and vice versa.

However, with the S&P500 (the index tracking the top 500 companies listed in the US) also reaching record highs, stocks and gold have instead been moving in the same direction. This indicates that investors are buying both asset types.

A major component in the growth of gold as an investment asset (as opposed to only a safe haven) is the rise of gold ETFs (exchange-traded funds) that make it easier for non-professional investors to purchase gold.

So why the fall?

Rather than a single event, there has been an accumulation of small changes, combined with the usual sways in investor sentiment. Geopolitical risk remains high, both in Ukraine and the Middle East (while the situation in Israel and Gaza is calmer, that is not the case with Iran). But there are some positive signs.

Trump’s on-off use of tariffs as a means of political negotiation (this time regarding Greenland) also contributed to a rise and fall in the gold price. And the nomination of Kevin Warsh as the new governor of the US Federal Reserve is expected to lessen economic risk.

While Warsh generally supports Trump’s preference for lower interest rates now (although investors are expressing concerns that this could fuel inflation), Warsh also has an equal desire to reduce the size of the Fed’s balance sheet. So it would be unlikely to be an unreserved loosening of monetary policy.

But there is also the investor side. Profit is only realised when the asset is sold. Part of what we have seen is investors selling gold in a high (arguably over-priced) market to make a profit. The price fall associated with these trades then arguably led to further selling.

This included stop-loss trading (when assets are automatically sold when they dip below a certain price) and sales by the likes of hedge funds and other institutional traders. These investors need to unwind positions to prevent major losses.

After the huge fall on January 30, gold prices surged back a couple of days later in the biggest one-day rise since 2008.

There are always corrections, and in fact current movements are likely to be over-corrections. But it’s safe to assume that after this, the market will stabilise and most likely resume an upward trajectory albeit at a slower pace than immediately before the fall.

David McMillan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. The rise and fall (and rise again) of gold prices – what’s going on? – https://theconversation.com/the-rise-and-fall-and-rise-again-of-gold-prices-whats-going-on-275017

Evening Report: https://eveningreport.nz/2026/02/04/the-rise-and-fall-and-rise-again-of-gold-prices-whats-going-on-275017/

Source: The Conversation (Au and NZ) – By Jeff Scheible, Senior Lecturer in Film Studies, King’s College London

Table tennis and film have a surprisingly entangled history. Both depended on the invention of celluloid – which not only became the substrate of film, but is also used to make ping pong balls.

Following a brief ping pong craze in 1902, the game largely disappeared and was widely assumed to have been a passing fad. More than 20 years later, however, the British socialite, communist spy and filmmaker Ivor Montagu went to great lengths to establish the game as a sport – a story I explore in my current book project on ping pong and the moving image.

He founded the International Table Tennis Federation (ITTF) and codified the rules of the game in both a book and a corresponding short film, Table Tennis Today (1929).

Montagu presided over the ITTF for several decades. In 1925, the same year he founded the ITTF, Montagu also co-founded the London Film Society. The society helped introduce western audiences to experimental and art films that are now considered classics.

The game of table tennis has subsequently appeared at a number of moments when filmmakers and artists were experimenting with new technologies. An early example appears in one of the first works of “visual music”: Rhythm in Light (1934) by Mary Ellen Bute.

Meanwhile, an early work of expanded cinema, Ping Pong (1968) by the artist Valie Export, invited audiences to pick up a paddle and ball and attempt to strike a physical ball against the representation of one moving on the cinema screen. Atari’s adaptation of the game into the interactive Pong (1972) is often considered the first video game.

Perhaps the most familiar cinematic example of all, however, is the digital simulation of a photorealistic ping pong ball – made possible by a then-new regime of computer-generated imagery. It helped Tom Hanks appear to be a ping pong whiz in the Academy-Award-winning Forrest Gump (1994).

There are a number of other fascinating moments in which the game surfaces meaningfully: in Powell and Pressburger’s A Matter of Life and Death (1946), Jacques Tati’s M Hulot’s Holiday (1953), Michael Haneke’s 71 Fragments of a Chronology of Chance (1994), and Agnes Varda and JR’s Faces Places (2017).

And every day for more than two years, from 2020 to 2022, one of the world’s most beloved filmmakers, David Lynch, uploaded YouTube videos in which he pulled a numbered ping pong ball from a jar and declared it “today’s number”. It was a fittingly Dada-esque gesture that stands among the last mysterious works he shared with the world.

Enter Josh Safdie’s Marty Supreme. The title sequence alone discovers a new way of visualising the game’s iconography, as we see a sperm fertilise an egg, which then transforms into a ping pong ball (the digital effects first witnessed in Gump are now fully integrated into popular cinema).

Why Marty Supreme is different

Marty Supreme is very loosely based on the real-life player Marty Reisman (here Marty Mauser, played by Timothée Chalamet). What sets it apart from earlier cinematic appearances of table tennis is that it centres the game as a sport.

When table tennis has previously appeared in film, it is usually to help show off new special effects or as a brief plot device. Or it frequently appears in the background, helping to furnish the mise-en-scene of an office, basement, or bar. In these instances, we might not notice the game or its materials at all. When it does have a narrative function, it usually occupies a single scene, frequently serving to stage or resolve fraught interpersonal relations between the characters who are playing.

In Marty Supreme, however, table tennis seems neither tethered to special effects nor, certainly, to the game’s “background” status. Chalamet trained extensively over the seven years he spent preparing for the role, even taking his own table to the desert while filming Dune (2021). And despite the film’s sometimes compelling eccentricities, Marty Supreme in many senses follows the generic blueprint of a sports film.

Safdie has made a sports film, coincidentally or not, like his frequent collaborator and brother Benny Safdie, whose wrestling film The Smashing Machine was also released this past year. Marty Supreme, though, revolves around an athlete who plays a game that generally has been assumed to not have enough gravitas to command a place in the genre or to hold an audience’s interest.

The absence of sports films about ping pong certainly speaks to ways in which it is perceived as something not worth taking too seriously, for reasons that are surely at least partially linked to the same reasons for which the game is often celebrated. It is perceived to be what I refer to as an “equalising” sport, open to people and bodies of all backgrounds and types.

As actor Susan Sarandon, who founded her own chain of ping pong bars, puts it: “Ping pong cuts across all body types and gender – everything, really – because little girls can beat big muscley guys. You don’t get hurt; it is not expensive; it is really good for your mind. It is one of the few sports that you can play until you die.”

This perception of the game has perhaps also led it to appear in more comedic contexts, with athletes embodied by actors we might more readily laugh at, as source material for visual and sonic gags, from a slapstick scene in You Can’t Cheat an Honest Man (1939) to the widely panned Balls of Fury (2007).

The tension between the game’s perceived triviality and Mauser’s extreme dedication lends Marty Supreme a vast blank canvas – or ping pong table – onto which its oscillations can be painted, or played… and in turn felt by the audience, with its high highs and low lows.

While it’s great that a talented director has poured his heart into a cinematic treatment of Reisman for the screen, I’m holding out hope for an Ivor Montagu film, which could be even more beholden to its real-life character – and even more wild.

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Jeff Scheible does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. A brief history of table tennis in film – from Forrest Gump to Marty Supreme – https://theconversation.com/a-brief-history-of-table-tennis-in-film-from-forrest-gump-to-marty-supreme-274445

Evening Report: https://eveningreport.nz/2026/02/04/a-brief-history-of-table-tennis-in-film-from-forrest-gump-to-marty-supreme-274445/

Source: The Conversation (Au and NZ) – By Keith Rathbone, Senior Lecturer, Modern European History and Sports History, Macquarie University

Since the murder of 11 Israeli hostages at the 1972 Munich Summer Olympics, security has been fundamental for games stakeholders.

The 2024 Paris games set new benchmarks for security at a mega-event, and now the presence of American security officials in Milan Cortina threatens to darken this year’s Winter Olympics before they even start.

Security at the games

The scale of security at the games has magnified considerably since the 1970s.

For the 2024 Olympics, the French government mobilised an unprecedented 45,000 police officers from around the nation.

For the opening ceremony, these forces cordoned off six kilometres of the Seine River.

Advocates point to Paris as an example of security done correctly.

Milipol Paris – one of the world’s largest annual conferences on policing and security – pointed to lower crime across the country during the games and a complete absence of any of the feared large security events. It stated:

The operation demonstrated the effectiveness of advanced planning, inter-agency cooperation and strong logistical coordination. Authorities and observers are now reflecting on which elements of the Paris 2024 model might be applied to future large-scale events.

However, critics complained the security measures infringed on civil liberties.

Controversy as ICE heads to Italy

Ahead of the Milan Cortina games, which run from February 4-23, Italian officials promised they were “ready to meet the challenge of security”.

A newly established cybersecurity headquarters will include officials from around the globe, who will sift through intelligence reports and react to issues in real time.

As well as this, security will feature:

• 6,000 officers to protect the two major locations – Milan and Cortina d’Ampezzo
• a no-fly zone around key sites
• a constant restricted access cordon around some sites (as seen in Paris).

Some of the security officers working in the cybersecurity headquarters will come from the United States.

Traditionally the US diplomatic security service provides protection for US athletes and officials attending mega-events overseas. It has been involved in the games since 1976.

Late last month, however, news broke that some of the officers will be from “a unit of US Immigration and Customs Enforcement (ICE)”.

US and Italian officials were quick to differentiate between Homeland Security Investigations (HSI), which handles cross-border crime, and Enforcement and Removal Operations, the department responsible for the brutal crackdown on immigrant communities across the US.

The HSI has helped protect athletes at previous events and will be stationed at the US Consulate in Milan to provide support to the broader US security team at the games.

But the organisation’s reputation precedes them, and Italians are wary.

In Milan, demonstrators expressed outrage. Left-wing Mayor Giuseppe Sala called ICE a “a militia that kills” while protests broke out in the host cities.

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US-European relations are stretched

The presence of ICE has also illuminated fractures within Italian Prime Minister Giorgia Meloni’s governing coalition.

Foreign Minister Antonio Tajani defended the inclusion of the US officers, saying “it’s not like the SS are coming”, referring to the Nazis paramilitary force in Germany.

However, local officials, including those from Meloni’s centre-right coalition, expressed concerns.

The tension inside Meloni’s government reflects broader concerns on the continent about US-European relations.

US Vice President JD Vance and Secretary of State Marco Rubio will attend the opening ceremony in Milan, despite some Europeans viewing Vance as the mouthpiece for US President Donald Trump’s imperial agenda.

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Trump’s desire to take over Greenland has undermined American and European support for trans-Atlantic amity and the NATO alliance.

Just ahead of the Olympics, Danish veterans marched outside the US Embassy after Trump disparaged NATO’s contribution to US-led operations in Iraq and Afghanistan. These protests added to Danes’ fears about Trump’s Greenland ambition.

Tensions in Denmark remain high as the Americans and the Danes gear up to play ice hockey in the opening round robin of the men’s competition.

Elsewhere, politicians in the US on both sides have raised concerns that Trump’s bombastic rhetoric will make it harder for American athletes to compete and win.

A double standard?

Critics argue there is an American exception when it comes to global politics interfering in international sport.

Under Trump, the US has attacked Iran and Venezuela, called on Canada to become its 51st state, threatened to occupy Greenland and engaged in cross-border operations in Mexico.

Despite this, US competitors can still wear their nation’s colours at the Olympics.

Compare this to Belarussian and Russian athletes, who are only eligible to compete as Individual Neutral Athletes after the Russian invasion of Ukraine, and only under the condition they have not been publicly supportive of the invasion. An International Olympic Committee (IOC) body assesses each competitor’s eligibility.

Israeli athletes have also been under the spotlight amid geopolitical tensions in the region.

Following the Israeli invasion of Gaza in October 2023, a panel of independent experts at the United Nations urged soccer’s governing body FIFA to ban Israeli athletes, stating:

sporting bodies must not turn a blind eye to grave human rights violations.

But FIFA, and the IOC, have recently defended Israeli athletes’ right to participate in international sport in the face of boycotts and protests.

Competitors from Israel can represent their country at the Winter Olympics.

The political developments which have caused ructions worldwide ironically come after the IOC’s 2021 decision to update the Olympic motto to supposedly recognise the “unifying power of sport and the importance of solidarity”.

The change was a simple one, adding the word “together” after the original three-word motto: “faster, higher, stronger”.

It remains to be seen whether the Milan Cortina games live up to every aspect of the “faster, higher, stronger – together” motto, not just the first three words.

Keith Rathbone does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Winter Olympic security tightens as US-European tensions grow – https://theconversation.com/winter-olympic-security-tightens-as-us-european-tensions-grow-274530

Evening Report: https://eveningreport.nz/2026/02/04/winter-olympic-security-tightens-as-us-european-tensions-grow-274530/