Transition (novel)
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Transition (novel)
''Transition '' is a novel by Scottish writer Iain Banks, first published in 2009. The American edition was published under the name "Iain M. Banks", which is the name Banks used for his science fiction work. Background In an interview with ''The Guardian'' Banks explained what he was aiming for, "With Transition, I wanted to prove something. I wanted to show I could do something like '' The Bridge'' again because until now, that has been my favourite." While he has insisted it wasn't a commentary on American imperialism ("I don't think it's about America per se; it's more about power and the way that it is wielded in general") he does admit that the character The Philosopher is a way of addressing the Abu Ghraib torture and prisoner abuse scandal. Plot summary Set between the dismantling of the Berlin Wall and the 2008 financial crisis, ''Transition'' centres on a shadowy organisation called "The Concern" (also known as "L'Expédience"), and how the workings of this organisat ...
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Iain Banks
Iain Banks (16 February 1954 – 9 June 2013) was a Scottish author, writing mainstream fiction as Iain Banks and science fiction as Iain M. Banks, adding the initial of his adopted middle name Menzies (). After the success of ''The Wasp Factory'' (1984), he began to write full time. His first science fiction book, ''Consider Phlebas'', appeared in 1987, marking the start of the Culture series. His books have been adapted for theatre, radio and television. In 2008, ''The Times'' named Banks in their list of "The 50 greatest British writers since 1945". In April 2013, Banks announced he had inoperable cancer and was unlikely to live beyond a year. He died on 9 June 2013. Early life Banks was born in Dunfermline, Fife, to a mother who was a professional ice skater and a father who was an officer in the Admiralty. An only child, he lived in North Queensferry until the age of nine, near the naval dockyards in Rosyth, where his father was based. The family then moved to Gourock due ...
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Parallel Universe (fiction)
A parallel universe, also known as a parallel dimension, alternate universe, or alternate reality, is a hypothetical self-contained plane of existence, co-existing with one's own. The sum of all potential parallel universes that constitute reality is often called a "multiverse". While the four terms are generally synonymous and can be used interchangeably in most cases, there is sometimes an additional connotation implied with the term "alternate universe/reality" that implies that the reality is a variant of our own, with some overlap with the similarly named alternate history. Fiction has long borrowed an idea of "another world" from mythology, myth, legend and religion. Heaven, Hell, Twelve Olympians, Olympus, and Valhalla are all "alternative universes" different from the familiar material realm. Plato reflected deeply on the parallel realities, resulting in Platonism, in which the upper reality is perfect while the lower earthly reality is an imperfect shadow of the heavenly ...
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The Independent
''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition. The newspaper was controlled by Tony O'Reilly's Irish Independent News & Media from 1997 until it was sold to the Russian oligarch and former KGB Officer Alexander Lebedev in 2010. In 2017, Sultan Muhammad Abuljadayel bought a 30% stake in it. The daily edition was named National Newspaper of the Year at the 2004 British Press Awards. The website and mobile app had a combined monthly reach of 19,826,000 in 2021. History 1986 to 1990 Launched in 1986, the first issue of ''The Independent'' was published on 7 October in broadsheet format.Dennis Griffiths (ed.) ''The Encyclopedia of the British Press, 1422–1992'', London & Basingstoke: Macmillan, 1992, p. 330 It was produc ...
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Doug Johnstone
Doug Johnstone (born 22 July 1970) is a Scottish crime writer based in Edinburgh. His ninth novel ''Fault Lines'' was published by Orenda Books in May 2018. His 2015 book ''The Jump'' (published by Faber & Faber) was shortlisted for the McIlvanney Prize for Best Scottish Crime Novel. He published two novels with Penguin, ''Tombstoning'' (2006) and '' The Ossians'' (2008), which received praise from Irvine Welsh, Ian Rankin and Christopher Brookmyre. ''The Scotsman'' described him as "a master of the page-turning, heart-gripping, plot-driven tale." Johnstone is a Royal Literary Fund Consultant Fellow and he was Royal Literary Fund Fellow at Edinburgh's Queen Margaret University from 2014–2016. He was a writer in residence at the University of Strathclyde from 2010-2012 and before that worked as a lecturer in creative writing. He has had several short stories appear in various publications, and since 1999 has worked as a freelance arts journalist, primarily covering music and ...
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Lesser Of Two Evils Principle
The lesser of two evils principle, also referred to as the lesser evil principle and lesser-evilism, is the principle that when faced with selecting from two immoral options, the least immoral one should be chosen. The principle is sometimes recalled in reference to binary political choices in democratic voting under a two-party system. Origin The maxim existed already in Platonic philosophy. In Nicomachean Ethics, Aristotle writes: "For the lesser evil can be seen in comparison with the greater evil as a good, since this lesser evil is preferable to the greater one, and whatever preferable is good". The modern formulation was popularized by Thomas à Kempis' devotional book ''The Imitation of Christ'' written in early 15th century. In part IV of his ''Ethics'', Spinoza states the following maxim: In modern elections In 2012, ''Huffington Post'' columnist Sanford Jay Rosen stated that the idea became common practice for left-leaning voters in the United States due to the ...
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Sobriquet
A sobriquet ( ), or soubriquet, is a nickname, sometimes assumed, but often given by another, that is descriptive. A sobriquet is distinct from a pseudonym, as it is typically a familiar name used in place of a real name, without the need of explanation, and it often becomes more familiar than the original name. The term ''sobriquet'' may apply to the nickname for a specific person, group of people, or place. Examples are "Emiye Menelik", a name of Emperor Menelik II of Ethiopia, who was popularly and affectionately recognized for his kindness ("emiye" means "mother" in Amharic); "Genghis Khan", who now is rarely recognized by his original name Temüjin; and Mohandas Gandhi, who is better known as "Mahatma" Gandhi ("mahatma" means "great soul" in Sanskrit). Well-known places often have sobriquets, such as New York City, often referred to as the "Big Apple". Etymology The modern French spelling is . Two early variants of the term are found: and . The first early spelling varian ...
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Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, Property rights (economics), property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in Capital market, capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''Laissez-faire capitalism, laissez-faire'' or free-market capitalism, anarcho-capitalism, state capi ...
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Illegal Drug Trade
The illegal drug trade or drug trafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of prohibited drugs. Most jurisdictions prohibit trade, except under license, of many types of drugs through the use of drug prohibition laws. The think tank Global Financial Integrity's ''Transnational Crime and the Developing World'' report estimates the size of the global illicit drug market between US$426 and US$652billion in 2014 alone. With a world GDP of US$78 trillion in the same year, the illegal drug trade may be estimated as nearly 1% of total global trade. Consumption of illegal drugs is widespread globally and it remains very difficult for local authorities to thwart its popularity. History The government of the Qing Dynasty issued edicts against opium smoking in 1730, 1796 and 1800. The West prohibited addictive drugs throughout the late 19th and early 20th centuries. Beginning in the 18th century, British merchants from th ...
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Trader (finance)
A trader is a person, firm, or entity in finance who buys and sells financial instruments, such as forex, cryptocurrencies, stocks, bonds, commodities, derivatives, and mutual funds in the capacity of agent, hedger, arbitrageur, or speculator. Duties and types Traders buy and sell financial instruments traded in the stock markets, derivatives markets and commodity markets, comprising the stock exchanges, derivatives exchanges, and the commodities exchanges. Several categories and designations for diverse kinds of traders are found in finance, including: *Bond trader *Floor trader *Hedge fund trader *High-frequency trader *Market maker *Pattern day trader * Principal trader * Proprietary trader *Rogue trader *Scalper *Stock trader Income According to the Wall Street Journal in 2004, a managing director convertible bond trader was earning between $700,000 and $900,000 on average. See also *Commodities exchange *Commodity market *Derivatives market *List of commodity traders *Li ...
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Genius
Genius is a characteristic of original and exceptional insight in the performance of some art or endeavor that surpasses expectations, sets new standards for future works, establishes better methods of operation, or remains outside the capabilities of competitors. Genius is associated with intellectual ability and creative productivity, and may refer to a polymath who excels across diverse subjects. There is no scientifically precise definition of a genius. The term is also defined as the exceptional ability itself, as simply genius without the article. In that sense of the word, sometimes genius is associated with talent, but several authors such as Cesare Lombroso and Arthur Schopenhauer systematically distinguish these terms. Walter Isaacson, biographer of many well-known geniuses, explains that although high intelligence may be a prerequisite, the most common trait that actually defines a genius may be the extraordinary ability to apply creativity and imaginative thinki ...
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De Facto
''De facto'' ( ; , "in fact") describes practices that exist in reality, whether or not they are officially recognized by laws or other formal norms. It is commonly used to refer to what happens in practice, in contrast with ''de jure'' ("by law"), which refers to things that happen according to official law, regardless of whether the practice exists in reality. History In jurisprudence, it mainly means "practiced, but not necessarily defined by law" or "practiced or is valid, but not officially established". Basically, this expression is opposed to the concept of "de jure" (which means "as defined by law") when it comes to law, management or technology (such as standards) in the case of creation, development or application of "without" or "against" instructions, but in accordance with "with practice". When legal situations are discussed, "de jure" means "expressed by law", while "de facto" means action or what is practiced. Similar expressions: "essentially", "unofficial", "in ...
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