Democrats' 1964 presidential campaign badges which read “In your guts, you know he’s nuts" referred to Senator Barry Goldwater, who led the Republicans to a crushing electoral loss. AP
Democrats' 1964 presidential campaign badges which read “In your guts, you know he’s nuts" referred to Senator Barry Goldwater, who led the Republicans to a crushing electoral loss. AP

Mental health codes should evolve to keep pace with social shifts



The sixth Fatimid caliph, Al Hakim bi-Amr Allah, was famed for his erratic edicts. The caliph, who ruled much of North Africa and parts of Arabia between 996 to 1021, banned molokhia, watercress, as well as fishing and eating scaleless fish. He also forbade women from leaving their homes and outlawed shoemakers from making women’s footwear. One of his most bloody edicts ordered the extermination of Egypt’s canine population. Historians estimate that more than 30,000 dogs were killed and dumped in the desert and along the banks of the Nile. Such behaviour led historians to question Al-Hakim’s sanity. Adjectives such as psychotic, neurasthenic and megalomaniacal have been frequently used to describe the caliph in articles bearing titles such as The Crazed Caliph.

Because of the subjective and consensual nature of declaring a mental state as disordered, the powerful can often evade diagnoses and custodial care. A mad man for one person is a meal ticket or messiah for another. If your typically straight-laced boss walked barefooted into the office with flowers in his hair, declaring 100 per cent pay rises across the board, would you be immediately concerned for his mental health or would you just let things play out and hope for the best?

In a survey undertaken in 1964, more than 1,000 psychiatrists declared that the presidential nominee Barry Goldwater was “psychologically unfit to be president”. Goldwater later won a defamation suit against the magazine that published the results of the survey. In 1974, the American Psychiatric Association adopted the Goldwater rule, discouraging its members from “making public statements about public figures whom they have not formally evaluated”. Numerous distinguished psychiatrists question the ethics of the APA ruling, especially since public figures tend to be relatively powerful, thereby potentially magnifying the societal consequences of their delusional, irrational or impulsive behaviour.

Beyond public figures, odd behaviour among the rich and the powerful is often affectionately, or fearfully, dismissed as eccentricity. Meanwhile, the same behaviour among the relatively powerless or impoverished might be labelled psychosis (a severely disturbed mental state). Declaring a domestic worker “mad” is much easier than calling into question the sanity of the chief executive of a company.

Even once people are assessed for mental-health problems, psychiatric diagnoses appear to differ by socioeconomic status. For example, some argue that diagnostic bias makes it more likely for psychotic patients from higher socioeconomic backgrounds to receive the diagnosis of bipolar disorder rather than schizophrenia that is typically viewed as being more severe, debilitating and stigmatised.

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If the rich and the powerful can go under-diagnosed, then the opposite is also true, with the less powerful sometimes becoming victims of overzealous over diagnosis and even malicious incarceration. The Victorian era is infamous for cases where perfectly healthy individuals were confined to “lunatic asylums” on the nod of the “mad doctor”, typically at the request of scheming relatives. Classic cases included having elderly family members certified insane, thereby expediting access to inheritance and estates. Another common one was having a troublesome wife locked away pending a divorce. Several such cases of malicious incarceration are meticulously documented in historian Sarah Wise’s aptly titled book, Inconvenient people.

There are, of course, times when a person’s state of mind poses a danger either to self or others. In such cases, intervention is required. Our mental-health laws and the ethical codes of conduct issued by our professional bodies should help ensure that the most vulnerable remain well protected in such instances. They should also ensure that the least vulnerable, that is, the most powerful, are not conveniently neglected either.

Mental health acts and codes of ethical practice change and evolve to keep pace with social shifts. On July 6, the American Psychoanalytic Association publicly challenged the American Psychiatric Association over the Goldwater decision, informing its 3,500 members that it does not follow this rule. This controversial decision is essentially a green light for mental-health professionals to comment, responsibly and in the public interest, on the psychological states of public figures.

If physicians in the time of Al-Hakim would have voiced doubts about his sanity, I wonder what the outcome might have been.

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Also read:

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The biog

Favourite hobby: taking his rescue dog, Sally, for long walks.

Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books

Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella

Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"

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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Results

STAGE

1 . Filippo Ganna (Ineos) - 0:13:56

2. Stefan Bissegger (Education-Nippo) - 0:00:14

3. Mikkel Bjerg (UAE Team Emirates) - 0:00:21

4. Tadej Pogacar (UAE Team Emirates) - 0:00:24

5. Luis Leon Sanchez (Astana) - 0:00:30

GENERAL CLASSIFICATION

1. Tadej Pogacar (UAE Team Emirates) - 4:00:05

2. Joao Almeida (QuickStep) - 0:00:05

3. Mattia Cattaneo (QuickStep) - 0:00:18

4. Chris Harper (Jumbo-Visma) - 0:00:33

5. Adam Yates (Ineos) - 0:00:39

Warlight,
Michael Ondaatje, Knopf 

Company%20profile
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UAE currency: the story behind the money in your pockets
BUNDESLIGA FIXTURES

Friday Stuttgart v Cologne (Kick-off 10.30pm UAE)

Saturday RB Leipzig v Hertha Berlin (5.30pm)

Mainz v Borussia Monchengladbach (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Union Berlin v SC Freiburg (5.30pm)

Borussia Dortmund v Schalke (5.30pm)

Sunday Wolfsburg v Arminia (6.30pm)

Werder Bremen v Hoffenheim (9pm)

Bayer Leverkusen v Augsburg (11.30pm)

Results

Women finals: 48kg - Urantsetseg Munkhbat (MGL) bt Distria Krasniqi (KOS); 52kg - Odette Guiffrida (ITA) bt Majlinda Kelmendi (KOS); 57kg - Nora Gjakova (KOS) bt Anastasiia Konkina (Rus)

Men’s finals: 60kg - Amiran Papinashvili (GEO) bt Francisco Garrigos (ESP); 66kg - Vazha Margvelashvili (Geo) bt Yerlan Serikzhanov (KAZ)

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

BUNDESLIGA FIXTURES

Friday Hertha Berlin v Union Berlin (11.30pm)

Saturday Freiburg v Borussia Monchengladbach, Eintracht Frankfurt v Borussia Dortmund, Cologne v Wolfsburg, Arminia Bielefeld v Mainz (6.30pm) Bayern Munich v RB Leipzig (9.30pm)

Sunday Werder Bremen v Stuttgart (6.30pm), Schalke v Bayer Leverkusen (9pm)

Monday Hoffenheim v Augsburg (11.30pm)

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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The specs

Engine: 1.6-litre 4-cyl turbo and dual electric motors

Power: 300hp at 6,000rpm

Torque: 520Nm at 1,500-3,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.0L/100km

Price: from Dh199,900

On sale: now

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Top 10 most polluted cities
  1. Bhiwadi, India
  2. Ghaziabad, India
  3. Hotan, China
  4. Delhi, India
  5. Jaunpur, India
  6. Faisalabad, Pakistan
  7. Noida, India
  8. Bahawalpur, Pakistan
  9. Peshawar, Pakistan
  10. Bagpat, India
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MATCH INFO

Chelsea 1
Alonso (62')

Huddersfield Town 1
Depoitre (50')

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

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Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

'Tell the Machine Goodnight' by Katie Williams 
Penguin Randomhouse