Friday, September 29, 2023

Why 'I Have Nothing to Hide' Is the Wrong Way to Think About Surveillance | CEOs are already preparing for a U.S. government shutdown | Why there is a bear market in rhinos | Unless Joe Biden stands aside, the world must prepare for President Trump 2.0 | Timothy Garton Ash

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Why there is a bear market in rhinos - The Economist   

How many people does it take to move a rhinoceros? Your correspondent suspects that the answer is “as many as you can find”. On a recent morning in the Northern Cape, South Africa’s largest province by area, a veterinarian fired a tranquilliser dart out of a helicopter into a female rhino’s rump. It then took 19 rangers, an electric prod and a lot of corralling to get the pachyderm into a crate. Once inside the animal was trucked to its new owner, another private game reserve.

The buying and selling of live rhinos is not an easy business. Nor, these days, is it a lucrative one. The average price in dollars for a southern white rhinoceros in 2019 was almost 70% less than a decade earlier, according to Hayley Clements of Stellenbosch University (see chart). Today a male rhino costs about 150,000 rand ($7,900). Earlier this year John Hume, the owner of 2,000 southern whites—some 15% of the global wild population—received no bids when he put them up for sale. African Parks, a conservation NGO funded by international donors, stepped in to buy the rhinos at a fraction of his asking price.

The bear market in rhinos is ultimately about economics. Call it the horn laws. The southern white, the commonest type, is a South African success story. It was hunted to near-oblivion. By 1929 there were just 150 left. “Operation Rhino”, launched in 1960 by Ian Player, a conservationist, revived numbers by distributing rhinos from a national park to private reserves.

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