Utopia, you are standing in it!

Since we are currently in Advent time, I reckon it’s safe to start talking about Christmas again.

My all-time favourite Christmas song is Peace on Earth/Little Drummer Boy by Bing Crosby and David Bowie. my all-time favourite Christmas song. It’s hard to believe that they recorded it 45 years ago. It’s not just a song about the yuletide festivities and presents and the birth of Christ, but it is foremost a song of hope for a peaceful planet.

The duet was one of Crosby’s final recordings before his death in October 1977.

Following the special’s broadcast during the 1977 holiday season, “Peace on Earth/Little Drummer Boy” went unavailable for many years. It was eventually released as a single by RCA Records in November 1982 and was a commercial success, peaking at number three on the UK Singles Chart. It was Crosby’s final popular hit. It became one of the best-selling…

Britain’s power consumers are paying a heavy price for its maniacal obsession with intermittent wind and solar. Trashing its coal-fired power fleet and failing to keep up its nuclear plants now looks positively suicidal.

However, of late, the MSM has been dishing up an alternative reality, peddling a line that power prices would be a pittance if only we’d thrown even more subsidies, even sooner, at unreliable wind and solar; with that failure meaning that we lost an inevitable opportunity to enjoy loads more ‘free’ electricity harnessed from mother nature.

Paul Homewood tackles an effort to run that very meme, by renewables cheer squad, Britain’s BBC.

Would We Be Better Off Now, If We Had More Renewables?
Not A Lot of People Know That
Paul Homewood
6 November 2022

For a change, a slightly more objective analysis of our energy policy from the BBC:

It covers some of the…

This is just a follow up to the previous planting. As I noted there, the incoming Israeli PM’s party (Likud) will sign separate coalition agreements with each of five partner parties (three of whom ran on a joint list in the election but maintain their separate “faction” status in the Knesset).

I believe this is typical of multiparty coalitions in parliamentary democracies: that when there are multiple partners, each one signs its own bilateral deal with the incoming cabinet head. I know it is the way it has been done in Israel for as long as I have been paying attention. It is also how it has been done in recent bargaining in New Zealand. I actually do not know if other counties with coalitions uniformly do this, or if there are cases where coalition agreements are joint among all the parties entering government. (There are some cases with no…

A consistent theme of this blog over the 3.5 years since the Monetary Policy Committee was established has been the severe inadequacies in the way the MPC was designed, and in the way it has been staffed. Last Tuesday, Stuff journalist Tom Pullar-Strecker had an article that reported on a variety of similar concerns, informed by extensive comments from former Reserve Bank chief economist John McDermott. A particular focus was on the role of the non-executive members (“the externals”).

At the press conference for the Monetary Policy Statement asked the Governor about the externals, and if he didn’t get far (the awkward questions at that press conference were mostly left completely unaddressed), he did get from Orr an observation that of course externals were free to talk, subject to (his interpretation of) the MPC Charter provisions (agreed by Orr and the Minister) under which for the first 24 hours after…