OPENER / ANDREW TUCK
Keep a cool head
Monocle launched in 2007. We started with a March issue that began to arrive on newsstands around the world in February of that year. There was a pilot from the Japanese Self-Defense Force on the cover. Over the following months we started to find our voice; articulate the things that we thought should be considered if you were going to build a better city, a business that would last, a home that could endure – even improve – with the patina of time. There were some bumps along the way and a lot of fine-tuning. But things were feeling good.
At that moment, I am not sure that I was taking a huge amount of interest in the subprime mortgage market in the US. Not sure I even knew what it meant (they sell nice basements?). But by the summer of 2008 it was a topic that many people, including me, knew about only too well. This seemingly small, hard-to-fathom-from-far-away issue started a chain of events that would lead to the financial crisis. I remember sitting in our old office in Zürich with Tyler and some of our investors. It must have been the week that Lehman Brothers collapsed. Let’s just say that some people were a little concerned but, and this is one of the many reasons I admire our chairman, he saw both a journalistic imperative to keep doing what we do and also an economic one (and he had a plan).
Over the coming months we went out into the world as never before and reported the challenges but also tried to be a measured voice that was heard when we had something useful to add and, as importantly, gave people some simple ideas about what they should do next.
This morning as you turn on your radios, log on to news sites and perhaps reacquaint yourself with the nightly news on television (it’s still there) there’s going to be a lot to digest. But? Well, there are a few buts. First, even from so called “quality media” the coverage of the coronavirus seems designed to create unease and often lacks context (well here’s some: according to the Centers for Disease Control and Prevention, in the US alone, the flu has accounted for 12,000 to 61,000 deaths per year since 2010). Then there’s a whole gamut of yarns speculating about what might happen, written by journalists short of a questioning mind.
So what do we do this morning? Well, do the things that the World Health Organization has advised – keep our hands clean, take notice of travel advisories. But as both a health and economic story merge, Monocle will be out in the world covering this story but also making sure that we continue to give airtime and page space to people doing all sorts of extraordinary things. Because if there is one thing we know from past economic shakes and pandemics, this too will pass.
This week in London I have been out to dinner (restaurant packed), been to see the Cloud Gate Dance Theatre of Taiwan, met CEOs and bankers, interviewed the team set to revitalise London’s Grosvenor Square, met Clare Wood, the chief executive of Re-Form Heritage who helps to make down-on-their-luck landmark buildings vibrant community anchors and been to see a potential new company HQ. All this has been the best antidote to the unease, although I have noticed that whiff of hand sanitiser wherever I go. That’s a scent that is set to be part of the world’s olfactory history. The most important thing is that we keep offering a helping hand – just make sure it's a clean one.