A month or so ago the Reserve Bank announced the appointment of a new Assistant Governor (a deputy chief executive) responsible for its financial stability functions. That must have prompted a Bloomberg journalist to ask what was happening to the vacant position on the Monetary Policy Committee (given that, previously, Geoff Bascand and then Christian […]
By Paul Homewood Of course, it is not a rethink required – the whole needs scrapping now. A new report has warned the United Kingdom is set to face a £40 billion annual bill by the end of the decade as its drive towards net zero energy continues. In a new study The […]
On Aug. 3, 1943, Lt. Gen. George S. Patton slapped a soldier who was hospitalized for psychoneurosis, accusing him of cowardice. The incident nearly ended Patton’s career.. Lt. Gen. George S. Patton, commander of the Seventh U.S. Army, visited a military hospital in Sicily on Aug. 3, 1943. He traveled past the beds of wounded […]
The threat of sudden, uncompensated power shutdowns creates immense operational uncertainty. This environment deters foreign investors and pressures domestic industrial companies to shift investment and production abroad. Forced curtailments would primary hit energy-intensive key industries, including aluminum, copper, steel, chemical, glass, and paper manufacturing. The post Germany’s Industrial Suicide… Grid Agency Prepares Secret Power Rationing…
The New Zealand Herald reported yesterday:New Zealand farmers face hefty increases in the price of fertiliser this spring as a result of the escalating US-Iran conflict and the war in Ukraine.The Middle East plays a big role in the global fertiliser market because of its supply of natural gas and mineral resources.Russia is also a…
“All armies get it wrong at the beginning; the question is who adapts fastest.” (British military historian Michael Howard quoted by Elliot Cohen, page 100) ‘All Americans make promises but nothing ever happens.’ Iraqi housewife complaining why there was still sewage in the street outside her house 5 years after the Americans invaded and promised […]
By Paul Homewood It was much worse than we thought! From the Telegraph: Experts say the events of June 23 prove the UK’s energy network is dangerously exposed As they sat down to watch England’s World Cup showdown with Ghana, millions of football fans were oblivious to the crisis unfolding on Britain’s […]
Bill Maher’s back after his summer vacation, and his latest “new rule” bit starts in with some hard criticism of the “far far Left”—the progressives—for being close to Communists, and the Democratic Socialists of America for using Communist jargon. I’ve talked before about the DSA’s platform, which includes abolishing the Senate and ditching the President…
On the night of August 1-2, 1943, during World War II, Lieutenant John F. Kennedy, future President of the United States, experienced a defining moment in his military career when his patrol torpedo boat, PT-109, was destroyed in the Solomon Islands. This event not only showcased Kennedy’s leadership and bravery but also became a significant […]
The Free Press has a great read about how devastating the trial that prince Harry initiated against the media was for him. He’s lucky he wasn’t done for perjury I’d say. The post The Humiliation of Prince Harry first appeared on Kiwiblog.
Steve Stewart-Williams has recently published an informative and readable new book (link at the screenshot just below), and my 4000-word review of it for Quillette just appeared (click second screenshot below for the review): As I implied, my review is laudatory, with only a few (really one) reservations, which is minor. It’s not a “page…
The Nobel Prize in Economics was given yesterday to two wonderful theorists, Bengt Holmstrom and Oliver Hart. I wrote a day ago about Holmstrom’s contributions, many of which are simply foundational to modern mechanism design and its applications. Oliver Hart’s contribution is more subtle and hence more of a challenge to describe to a nonspecialist; […]
In 1992, the U.S. Supreme Court held in Eastman Kodak Co. v. Image Technical Services that a firm without market power in photocopiers might still possess market power in photocopier parts and service. The Court’s logic turned on opportunistic hold-up: Kodak could profit by trading short-run exploitation of locked-in customers for long-run losses in equipment…
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
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