Battle for Britain: Brits Scramble For Reliable Energy After Repeated Wind Power Failures
20 Dec 2021 Leave a comment
Hardly anyone in Britain is talking about wind power as a serious generation source, anymore. Total collapses in wind power output that lasted for days and even weeks, starting back in September, put paid to that kind of loose chatter.
Instead, Brits appear to have been struck with the stark realisation that their power generation capacity is all sizzle and no steak. Which, with another bitter winter ahead, is a matter of deadly concern.
Over reliance on wind power and the massive subsidies thrown in its direction, has led to a steady decline in reliable generation capacity, made evident by the Big Calm. Repeated and lengthy wind power failures have led to fast talk from Boris Johnson about getting nuclear power generation back on the books. However, as Andrew Montford details below, thanks to civil service red tape and typical Sir Humphrey-like bureaucratic bungling, it will be years before Britain…
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Bugger all take the bus or train
20 Dec 2021 Leave a comment
in economic history, transport economics, urban economics
The Aussie-UK Free Trade Agreement
20 Dec 2021 Leave a comment
Introduction
Australia and the UK signed a Free Trade Agreement (FTA) on December 17, 2021 (an in principle agreement had been announced in June 2021). This FTA will drastically reduce tariffs on a number of Australian exports to the UK and reduce duties on a number of British commodities to Australia. Significantly, it will also make it easier for both Australian and British workers to work in each other’s countries under the working holiday scheme (WHS).
According to estimates of the British government, the FTA could increase trade between the United Kingdom and Australia by approximately $19 billion “in the long run” while the UK’s GDP may increase by about $4.2 billion by 2035.
There are some important provisions which could benefit workers from both countries. Firstly, in an important step, both countries have increased the working holiday visa’s eligible age to 35. What is especially significant is that there is…
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Dawn Freshwater kicks for touch on mātauranga Māori
20 Dec 2021 Leave a comment
As international criticism mounts, Auckland University’s Vice-Chancellor pledges a symposium next year to debate the role of Māori knowledge in science education. Graham Adams suggests a public apology to the seven professors would show this is more than a PR exercise.
Reading the statement last week by Dawn Freshwater announcing a symposium to be held next year to debate the relationship between mātauranga Māori and science, it was hard not to feel at least a little sceptical about her new-found enthusiasm for free speech.
After all, in late July the Vice-Chancellor of the University of Auckland effectively hung seven professors from her own university out to dry soon after their letter “In Defence of Science” was published in the Listener.
The professors’ 300-word letter was written in response to plans to include mātauranga Māori in the school science curriculum and to give it equal standing with “Western/Pakeha epistemologies” —…
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Redrawing of the political battle lines is foreshadowed
20 Dec 2021 Leave a comment
Covid-19 still dominates the news bulletins and there is only a shadowy outline of the political debate that will emerge in sharper focus as Christopher Luxon settles into the leadership of the National Party.
His supporters were encouraged by the bounce upward for National in the first sampling of public opinion since he took over. National rose to 33%, up 7%, in the Curia poll.
As Curia’s David Farrar noted, the overall gap between the centre-left and centre-right is basically unchanged at 6%, so the centre-right needs to pick up another 4% or so to be in a position to form a Government.
“The key difference to last month, is that people now want to hear from National, and both National and Labour are in the 30s.Also very noteworthy is Luxon’s ratings. He enters the Preferred PM ratings at 20% (Ardern 39%). That 20% rating is the highest outside an…
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Chile Election Week, Part IV: What’s at Stake in Today’s Vote?
20 Dec 2021 Leave a comment
Greetings from Santiago. Chileans vote today for a new president and there’s a risk that a Venezuelan-style leftist, Gabriel Boric, will prevail.
And that puts at risk the economic progress described in this video.
The video has a good discussion of Chile’s very successful system of private pensions (which will be in danger if Boric wins).
But it also points out how free trade helped create the prosperity of modern Chile.
And that narrative is confirmed by looking at Chile’s score from the Fraser Institute’s Economic Freedom of the World.
I’m always happy to sing the praises of free trade and condemn protectionism, but let’s keep the focus on today’s election in Chile and why it matters.
That’s why this tweet tells you everything you need to know.
Notice how Chile began to prosper after it began to shift to free markets around 1980 and notice…
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