Judge Hits Wind Farm & Big Tesla Battery Owners With $4m Fines For Delivery Failures

stopthesethings's avatarSTOP THESE THINGS

Now and again the law catches up with the shysters that run wind farms and so-called big batteries. Failing to deliver on a promise ordinarily results in an order for damages to be paid to the unwitting victim. In addition, in a regulated electricity market, the regulator will sometimes join in and seek its pound of flesh, as well.

Back in September 2016, South Australia’s wind farms were the cause of utter chaos when the automatic and instant shutdown of their turbines during a spring gale (see above) resulted in Australia’s only ever statewide blackout.

Parts of the state were left without power for over a fortnight. The operators involved cost the State’s businesses and households close to $400 million, but, for their part, walked away with a paltry $3.5 million fine (see below).

In a separate incident in October 2019, SA’s big Tesla battery had been contracted to…

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Classic TV Drama: The Onedin Line – #01 – S01 E01 – The Wind Blows Free (15 Oct 1971)

adamsmith1922's avatarThe Inquiring Mind

A great Brit TV Classic

This Episode

James Onedin is an ambitious, headstrong sea captain working for the Callon Line. Upon returning to Liverpool in 1860, he is denied a bonus by his employer, Thomas Callon, because a portion of the cargo has been lost. Upon seeing a notice offering the old schooner Charlotte Rhodes for sale for £500, James decides to set up his own shipping company. Unfortunately, his cautious brother Robert, who has inherited their father’s chandler’s shop while he was away, refuses to put up any capital.[1]

James calls on Captain Webster to inquire about the Charlotte Rhodes. Webster rejects James’ low offer of £175 (his life savings), but his compelling spinster daughter, Anne, who deftly manages her cantankerous and drunken father, is concerned about her future. She makes James a counteroffer: the ship as dowry. Anne Webster, “on the wrong side of…

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The seven tactics that Remainers use to discredit Brexit – and why they’re wrong

julianhjessop's avatarPlain-speaking Economics

Brexit has hardly featured in the race to become the next Prime Minister, but the Conservative Party is still divided on the best way forward. The new leader will be under great pressure from many quarters to keep the UK economy as close to the EU as possible, rather than pursue the ambition of a truly ‘Global Britain’. This would be a historic mistake.

Unfortunately, ‘Continuity Remain’ is alive and well, and still pushing the line that Brexit has been an economic disaster. This can be refuted simply by comparing the UK’s growth since the 2016 referendum with the big four economies in the EU, namely Germany, France, Italy and Spain. ‘Brexit Britain’ is vying with France for top spot on total growth and is sitting comfortably in mid-table on per capita GDP.

Similarly, UK inflation is little different from the average in the euro area, or the latest rate…

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We Tried A Thai Massage

Puritans (The Killjoys of History)

Finn Kydland on the great recession

From https://www.bis.org/publ/bppdf/bispap74.pdf

Image

Star Trek: Season 2, Episode One “Amok Time”

Great Books Guy's avatarGreat Books Guy

Stardate: 3372.7 (2267)
Original Air Date: September 15, 1967
Writer: Theodore Sturgeon
Director: Joseph Pevney

“Live long and prosper.”

In this classic season two opener, Dr. McCoy kicks off the episode by expressing concerns about Mr. Spock. According to Bones, Spock has been acting strange: “restive,” “nervous,” even irritable, and he is avoiding eating food (not to mention the fact that he threatened to strangle Bones). Bones and Kirk catch Nurse Chapel attempting to bring a bowl of Vulcan plomeek soup to Spock in a show of affection, but when Spock erupts at her in a rage, he immediately requests shore leave on his home planet of Vulcan. However, the Enterprise is already en route to Altair VI for the presidential inauguration ceremony, however Spock apparently redirects the Enterprise’s course to Vulcan anyway. Nevertheless, Spock continually appears agitated and confused. Kirk orders Spock to sickbay…

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PBS – American Experience: Eyes On The Prize – #1/14 – Awakenings 1954-1956

adamsmith1922's avatarThe Inquiring Mind

About this episode from TV Guide

“Awakenings 1954-56” profiles Mose Wright, a black Mississippian who testified against two white men accused of murder; and Rosa Parks, who refused to give up her seat to a white person on Dec. 1, 1955 in Montgomery, Ala. The incident sparked a bus boycott that lasted for one year.

About this series

Wikipedia

Eyes on the Prize is an American television series and 14-part documentary about the Civil Rights Movement in the United States. The documentary originally aired on the PBS network and also aired in the United Kingdom on BBC2. Created and executive produced by Henry Hampton at the film production company Blackside and narrated by Julian Bond, the series uses archival footage, stills and interviews of participants and opponents of the movement. The title of the series is derived from the folk songKeep Your Eyes on…

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PBS – American Experience: Eyes On The Prize – #5/14 – Mississippi Is This America 1962–1964

adamsmith1922's avatarThe Inquiring Mind

About this episode from TV Guide

The events of 1963 and ’64, when Mississippi became the battleground of the civil-rights movement. Relying on sit-ins, business boycotts and marches, blacks found their efforts thwarted by white supremacists. Included: the 1963 assassination of Medgar Evers; and the 1964 black voter-registration drive.

About this series

Wikipedia

Eyes on the Prize is an American television series and 14-part documentary about the Civil Rights Movement in the United States. The documentary originally aired on the PBS network and also aired in the United Kingdom on BBC2. Created and executive produced by Henry Hampton at the film production company Blackside and narrated by Julian Bond, the series uses archival footage, stills and interviews of participants and opponents of the movement. The title of the series is derived from the folk songKeep Your Eyes on the Prize,” which is used…

View original post 161 more words

Think it’s hot now? How Britain roasted in TEN-WEEK heatwave during summer of ’76

MREs – What do Soldiers Eat?

The Tumbling Giant – Russia’s Army On The Verge Of Collapse I THE GREAT WAR Week 51

Robert Lucas on optimal taxation of capital

From https://www.minneapolisfed.org/article/1993/interview-with-robert-e-lucas-jr

Pro Archia by Cicero (62 BC)

Simon's avatarBooks & Boots

Pro Archia is the shortest of the five speeches contained in the excellent Oxford University Press edition of Defence Speeches of Cicero, edited and translated by D.H. Berry (2000). It’s barely 12 pages long and yet even this slip of a thing requires a detailed three-page introduction from Dr Berry. In it he explains that: Aulus Licinius Archias was born plain Archias in Antioch in Syria in the mid-120s. As a young man he established himself as a poet and travelled round the eastern Mediterranean writing poems to order. In 102 he arrived in Rome and was welcomed into the home of Lucius Licinius Lucullus where he tutored the two young sons. He was sought out by other noble Roman families.

During this period Cicero himself took instruction from Archias (among his other achievements, Cicero was no mean poet) and explains in the speech that gratitude for his old…

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Krugman on 2013 vs 1958 macro

But is there all that much evidence that modern macroeconomics has had any influence on central-bank policy-making.

Greg mankiw in 2006 in his engineers versus scientists essay in the Journal of economic perspectives did a wonderful take-out of a biography of a federal reserve board member saying that his insights were sophisticated and nuanced about the macroeconomy but didn’t show any knowledge of modern macroeconomics in coming to his conclusions.

My two brothers graduated in economics in the early 1970s. I think what they knew of economics is about as much central bankers do now; they would not have to update to have a conversation with a central banker.

John Quiggin's avatarJohn Quiggin

At the recent American Economic Association meeting in San Diego, Brad DeLong chaired a panel on ” Stimulus or Stymied?: The Macroeconomics of Recessions“, and has posted a transcript. Paul Krugman was there and picked up my claim that macroeconomics has, on balance, gone backwards since 1958. I’ve extracted his section here. Lots of useful stuff, but I’d stress this:

the whole basis on which we constructed monetary policy during the Great Moderation, which is that stabilizing inflation and stabilizing output are the same thing, is all wrong: you can have a sustained period of low but not negative inflation consistent with an economy operating far below its potential productive capacity. That is what I believe is happening now. If so, we are failing dismally in responding to this economic crisis. This is in contrast to what some central bankers are saying—that we have done well because inflation…

View original post 2,525 more words

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