BOX OFFICE: “Top Gun: Maverick” climbs to a $150 million opening weekend
29 May 2022 Leave a comment
Rishi Sunak plans raid on electricity and wind farm profits within a month
28 May 2022 Leave a comment
Living On Rations In The Second World War | WW2: I Was There
28 May 2022 Leave a comment
in defence economics, war and peace Tags: World War II
The New Alpine Front – Italy Joins World War 1 I THE GREAT WAR Week 44
28 May 2022 Leave a comment
in defence economics, laws of war, war and peace Tags: World War I
Never Brighter: Energy Starved Economies Guarantee Endless Demand For Future Fossil Fuel
27 May 2022 Leave a comment
The renewable energy cult reckons “coal is dead”, but the market says otherwise.
Thermal coal prices are off the charts, with record demand driving record prices: Australian thermal coal prices recently hit $US$400 ($548 a tonne), with prices still on the rise.
The crowd that tells us that we’re only a heartbeat away from an all wind and sun powered future have been telling all who care to listen that investing in fossil fuel producers, in particular coal-miners, borders on insanity; with lots of talk about “stranded assets”, the prices of which will plummet, to never recover.
Well, that’s the cult’s mantra, anyway.
Meanwhile, back on Earth, Terence Corcoran explains that, in an energy hungry world, fossil fuel producers are a very safe bet, indeed.
Which energy assets will be stranded?
Financial Post
Terence Corcoran
4 May 2022
Oilprice.com covered the latest energy trends Monday with a report that U.S…
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Get rich or get famous? Edward Thorp vs Myron Scholes
27 May 2022 Leave a comment
When finance professors publish papers claiming to find inefficiencies in asset markets, my initial reaction is skepticism. The odds are stacked against them to start since asset markets are mostly efficient. Then even if the inefficiency they found is real, shouldn’t they keep that fact to themselves and get rich trading on it?
But listening to a recent interview with Edward Thorp, I realized I shouldn’t entirely discount the possibility that someone would publish a real inefficiency, even a tradeable one. After all, Myron Scholes and Fischer Black did just that when they published the Black-Scholes model in the Journal of Political Economy. This made them famous on Wall Street and in econ/finance academia, and won Scholes the 1997 Nobel Memorial Prize in Economics.
Thorp explained that he had come up with a similar model years earlier, but instead of publishing it, he started a hedge fund and…
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The British Naval Blockade of Germany I THE GREAT WAR Special
27 May 2022 Leave a comment
in defence economics, laws of war, war and peace Tags: World War I
The evolution of MPs’ staffing arrangements: how did we get here?
26 May 2022 2 Comments
only since 1969 that MPs have had access to funds to employ staff and run an office
The current system of recruiting and employing MPs’ staff is not one you would design if you were starting from scratch, but before considering an overhaul, it is useful to ask how we got here. In this blogpost Rebecca McKee, who is currently running a project on MPs’ staff,examines the evolution of MPs’ staffing arrangements, providing some context to the current arrangements so we can understand how best to reform them.
Speaker Lindsay Hoyle has called for a Speaker’s Conference to consider a major overhaul of workplace practices in the House of Commons. Under our current system, it is MPs – not the Commons – who recruit and employ their staff, within a framework of regulations set out by the Independent Parliamentary Standards Authority (IPSA).While the devolved legislatures and many other countries have similar arrangements, New Zealand stands out as an example where MPs engage staff employed…
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