Monday, July 21, 2014

A dirty war for clean energy: Ukraine and beyond

From Martin Armstrong today (emphases mine):

"We are getting info from reliable sources that there may be another layer to the USA v Russian conflict. Just as the entire Syrian agenda was to arm terrorists to topple the Syrian government in order to push through a pipeline to cut off the energy monopoly in Europe held by Russia, we may be actually seeing another motive here. The projections of fracking technology that the USA will become a net exporter of energy has set the stage for another perhaps covert move – sanctions against Russia to open the European market for energy. In this new war of words and sanctions against Russia, it is the Americans who seem to be marching either totally brain-dead, or with another energy secret agenda. This very will may be all about one thing -:taking the Russian energy market from them. To turn off Russia as a competitor, the Russian president is to be internationally isolated. The shooting down of flight MH17 is playing into this agenda and comes precisely at the right moment to aid the U.S. strategy on energy. We will keep you advised on this matter."

And from an October 2012 VT article:

(source: Veterans Today)

"The significant question to be asked at this point is what could bind Israel, Turkey, Qatar in a form of unholy alliance on the one side, and Assad’s Syria, Iran, Russia and China on the other side, in such deadly confrontation over the political future of Syria? One answer is energy geopolitics.

What has yet to be fully appreciated in geopolitical assessments of the Middle East is the dramatically rising importance of the control of natural gas to the future of not only Middle East gas producing countries, but also of the EU and Eurasia including Russia as producer and China as consumer.

"Natural gas is rapidly becoming the “clean energy” of choice to replace coal and nuclear electric generation across the European Union, most especially since Germany’s decision to phase out nuclear after the Fukushima disaster. Gas is regarded as far more “environmentally friendly” in terms of its so-called “carbon footprint.”

"The only realistic way EU governments, from Germany to France to Italy to Spain, will be able to meet EU mandated CO2 reduction targets by 2020 is a major shift to burning gas instead of coal. Gas reduces CO2 emissions by 50-60% over coal.[xiii]

"Given that the economic cost of using gas instead of wind or other alternative energy forms is dramatically lower, gas is rapidly becoming the energy of demand for the EU, the biggest emerging gas market in the world.

"Huge gas resource discoveries in Israel, in Qatar and in Syria combined with the emergence of the EU as the world’s potentially largest natural gas consumer, combine to create the seeds of the present geopolitical clash over the Assad regime.


"In July 2011, as the NATO and Gulf states’ destabilization operations against Assad in Syria were in full swing, the governments of Syria, Iran and Iraq signed an historic gas pipeline energy agreement which went largely unnoticed amid CNN reports of the Syrian unrest..."

There's more, lots more, in that VT piece.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Sunday, July 20, 2014

Cabinet reshuffle

Pic: Facebook

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Ukraine: down the memory hole

"Moment they realised it was a civilian plane"

From the Daily Mail, Saturday 19 July 2014, page 4

Interesting to compare the Daily Mail's print edition with its online counterpart. Sam Greenhill's helpful contextualisation (boxed in red above) seems to be missing, at least on my visit to the site (c. 9.30 am).

Perhaps the exclusion is merely to avoid giving more material to conspiracy theorists to fuss over, but in the present climate of profound public distrust it could have the opposite effect. As it is, both versions of the article are festooned with caveats ("appear", "claim", "allegedly" etc).

A little verbal telltale in the translation - "yards" for "gardens" - said "American English" to me, though whether that means translated by an American, or by a Ukrainian who has learned the American version of English, I couldn't say.

From the online Daily Mail (accessed 20 July 2014)

Nothing is what it seems.

And speaking of context, here is the sterling Peter Hitchens  (embedded link is mine):

One thing we should have learned in the past 100 years is that war is hell. We might also have noticed that, once begun, war is hard to stop and often takes shocking turns.
 
So those who began the current war in Ukraine – the direct cause of the frightful murder of so many innocents on Flight MH17 on Thursday – really have no excuse.
 
There is no doubt about who they were. In any war, the aggressor is the one who makes the first move into neutral or disputed territory.
 
And that aggressor was the European Union, which rivals China as the world’s most expansionist power, swallowing countries the way performing seals swallow fish (16 gulped down since 1995).
 
Ignoring repeated and increasingly urgent warnings from Moscow, the EU – backed by the USA – sought to bring Ukraine into its orbit. It did so through violence and illegality, an armed mob and the overthrow of an elected president.
 
I warned then that this would lead to terrible conflict. I wrote in March: ‘Having raised hopes that we cannot fulfil, we have awakened the ancient passions of this cruel part of the world – and who knows where our vainglorious folly will now lead?’
 
Now we see. Largely unreported over the past few months, a filthy little war has been under way in Eastern Ukraine.
 
Many innocents have died, unnoticed in the West. Neither side has anything to boast of – last Tuesday 11 innocent civilians died in an airstrike on a block of flats in the town of Snizhne, which Ukraine is unconvincingly trying to blame on Russia. 
 
 
from Wikipedia


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Saturday, July 19, 2014

Ukraine and the downed Malaysian airliner: four theories

1. For no conceivable advantage and in the certainty that they will be universally vilified, separatist Ukrainian forces deliberately shoot down a civilian airliner travelling from Amsterdam to Kuala Lumpur.

2. Incompetent pro-Russian Ukrainian forces bring down what they think is an enemy military transport plane. For some reason this aircraft is travelling at a constant altitude of 33,000 feet 20 miles from Russian airspace, into which, travelling at some 500 miles per hour, it will pass in a couple of minutes. Subsequently a source says that oddly, reportedly "uncomfortable" with his route, the pilot has changed his flight plan, which normally would be to cross further south over the Sea of Azov, to head closer to the heart of the conflict:

source: Daily Mail
(UPDATE @ 18:35: see this from The Conversation about flight restrictions in the area.)
 
source: Mashable

3. In a bungled assassination attempt, someone working for the other side hits MH17 by mistake, thinking it to be President Putin's official plane.

4. The missile strike is a "false flag" pseudo-terrorist attack. In order to curb Russian expansionism (or historically, their partial recovery of some territory formerly under Soviet control) and block what may be Putin's plans for the Black Sea and a nascent EEC-style Eastern European economic union, Western agencies are quite happy to murder some 300 innocent civilians to create a pretext for military intervention in the Ukraine - or anti-Russian boycotts and sanctions.

Update (9:12): the trigger-happy-idiots theory may be correct - see Richard North today - but as North says, has the potential for dangerous anti-Russian spin, which Washington's Blog says was the American approach to a similar tragedy in 1983.

Update (21 July): Richard North says that the Ukrainian government was aware of an operational missile launcher in rebel territory and failed in its duty to warn airlines accordingly.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Friday, July 18, 2014

EU energy security

It has long been my suspicion that for EU bureaucrats, the orthodox climate message is merely a sales pitch for energy security. Nothing whatever to do with science and the real climate except as a PR vehicle. It’s by no means the whole story behind EU climate orthodoxy, but for me there are four points worth considering. 
  • A totalitarian state such as the EU needs energy independence.
  • Too many oil-producers are unstable or potentially unfriendly.
  • Coal and nuclear have too many political hurdles.
  • In a warming world EU peasants should need less energy anyway. 

So it may well be that energy independence is to be purchased at whatever cost to the general EU population, but that cost is not perceived as excessive anyway. At least not to those who matter.

There has always been a problem in taking climate orthodoxy at face value. From the beginning its protagonists have exhibited political rather than scientific behaviour. In a world which failed to warm as predicted, EU climate policies are seriously weird unless climate orthodoxy is not really the political rationale behind them.

Surely we need a vastly more powerful political rationale to explain both the astronomical cost and the implacable way so-called green policies have been enacted. A few degrees of warming doesn’t come close as an explanation and the political classes are wholly uninterested in the projected timescales anyway. 

This degree of extreme political resolve is more characteristic of crazy totalitarian regimes than democracies. Massive projects intended to root out and change forever certain fundamental aspects of civil society. Soviet collective farms for example. Nothing can stop them whatever the cost, be it financial or social.

In which case, any human cost to the EU peasant is sure to be waved aside as collateral damage. Did you expect to be collateral damage one day? No – I suppose folk generally don’t.

The climate message, the extreme propaganda, the corruption of news media, the vicious malice directed at sceptics all point to a massive political project. A project which must be vastly more important than some obviously dodgy climate predictions about a future which lies decades beyond the political horizon.

Energy security fits the bill even if it isn’t the whole story. Blend it with a bungling bureaucracy and a totalitarian ethos and in my view a plausible picture emerges. The only real problem is that with current technology, aiming to power the EU by wind, solar, biomass etc is bonkers.

Why do we always end up with bonkers?

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

The Davey Lamp

Ed Davey has an opportunity to make his mark when the lights go out. He could lend his name to a simple non-electric lighting device – the Davey Lamp.




Made in China from recycled power station generators and lavishly plated in genuine Brassex, this retro style no-electric green lighting module is sure to add distinction to any benighted home.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Tuesday, July 15, 2014

Foresight and pickled cucumbers


I made some pickled cucumbers yesterday. It doesn’t take long and they should be ready to eat in a few weeks. We enjoy home made pickles,  but for some reason don’t make them as often as we could. My pickled cucumber recipe is pretty old, so I suggest you go for something more modern, but it works fine for us.

To pickle Cucumbers fliced.
Pare thirty large cucumbers, flice them into a difh, take fix onions, flice and ftrew on them fome salt, fo cover them and let them ftand to drain twenty-four hours; make your pickle of white wine vinegar, nutmeg, pepper, cloves and mace, boil the fpices in the pickle, drain the liquor clear from the cucumbers, put them into a deep pot, pour the liquor [1] upon them boiling hot, and cover them very clofe; [2] when they are cold drain the liquor from them, give it another boil; and when it is cold pour it on them again; fo keep them for ufe.
Elizabeth Moxon – English Housewifery (1790)

[1] This of course refers to the vinegar pickling liquor.
[2] I finish here and omit the following step.

I don’t use thirty cucumbers because these days we can buy them all year round. Of course doughty old Liz Moxon was writing for those with the foresight and diligence to eke out a good crop of cucumbers to take them through the lean months of winter and early spring.

In those days, domestic foresight such as this was part of a middle class lifestyle and still not wholly unconnected with survival. In later decades the job would usually have been passed to a servant and later still a food manufacturer. 

I suppose it's the other side of economic progress and efficiency. It's easier and possibly cheaper to buy pickles rather than make your own. So everything is rosy apart from losing certain intangibles we've almost forgotten - such as the need for domestic foresight.

Oddly enough, foresight seems to be a problem doesn't it?

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Monday, July 14, 2014

A moment of luxury

Click to enlarge (Pic source)

Stow-on-the-Wold, heart of the Cotswolds and these days a tourist stop.

We grumbled about the variable temperature in the shower, yet less than 80 years ago, the town had no mains water, and modern drainage only two decades later:

"Stow was, until recent times, supplied with water from springs below the town. For centuries, women and children had carried water with yoke and bucket from the spring on Well Lane. Water carts plied between Well Lane and the town where the water was sold to the townsfolk at the price of a farthing a bucket. Several systems had been tried to force water up the hill including windmills, horse-mills and water wheels but all had failed. In 1871, Joseph Chamberlayne-Chamberlayne, lord of the manor, donated £2000 to the town for a deep well to be bored and this was a success. Mains water was laid on in 1937. Sewage disposal used numerous cavities in the rock, known locally as swillies, as natural soakaways under and around the houses until mains drainage was installed in 1958."

One of the wells on Well Lane (pic source)

We're living a life I didn't dream of as a child, driving from Birmingham to a beautiful place like this in an hour. For how much longer will many of us have cars and zoom round the country like pre-war landed gentry?

One of the charms of the town is its many little alleys (in York called snickelways). Stow's are particularly narrow and the man running the charity bric-à-brac explained that in the old times, when on market day the square might hold 30,000 sheep, the alleys made the wide-fleeced animals go in single file, which made them easier to count; hence the name of Fleece Alley.

Are we looking at the past, or the future?


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Sunday, July 13, 2014

Demise of the baby boomers

But things of which we have not had a direct intuition, which we have learned only through other people, we have no longer any opportunity, the time has passed in which we could inform our heart of them; its communications with reality are suspended; and so we cannot profit by the discovery, it is too late.
Marcel Proust - À la recherche du temps perdu

Recent deaths among my contemporaries yet again remind me that we baby boomers are on the way out. Not just in terms of mortality because there are a few decades to go yet, but in terms of influence.

So what have we achieved, we baby boomers?

For my part I prefer not to make a list. From the EU to windmills, from house prices to taxes to political liars it’s not likely to be a cheery one. Unfortunately, Proust was right about the value of direct experience too.

As genuine hardship becomes a distant memory, it isn’t easy to see where the vitality to change things will come from. If there is no real need to better oneself, then surely the vitality sags. We see many things in modern Britain, but vitality is not one of them.

So maybe that’s what we’ve done, we baby boomers. We’ve sucked the dear old place dry.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Saturday, July 12, 2014

Does management justify its own costs?



Throughout history, the university systems of the world have evolved from a monastic model, through the industrial model as a driver of social mobility, to the latest, which is the ‘business’ model.
Like all models, this one has assumptions. In this case, the underlying but usually unstated one is that the faculty who teach and research, and the people who maintain the buildings, are not working hard enough.
The proposed solution is to add layers of middle managers, whose only contribution is to ‘motivate’ and generate policies to make everything ‘more efficient’.
The sad reality is that no amount of increased efficiency or hard work on the producers of the system can make up for the cost of this increased administration.
A cynic might argue that the only purpose of these changes is to provide jobs for those who can’t do anything productive.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Friday, July 11, 2014

Do you veto yourself?

In his book Mind Time, Benjamin Libet raised the possibility that free will is not so much a free choice as a conscious veto on certain options as they bubble up from the unconscious. His experimental work was confined to motor control, but the idea is easily extended to wider issues of belief.

In other words, free will may not be a matter of freely choosing what to believe as freely choosing what not to believe - a conscious veto on social beliefs, opinions or narratives we have no wish to adopt.

If so, then belief simply implies that a conscious veto has not been exercised. Scepticism implies the opposite - a conscious veto has been exercised. In other words scepticism is the footprint of free will - belief leaves no footprint.

The idea is not new and of course it works both ways. If I veto any suggestion that the Earth is a sphere, then I may be exercising free will, but it is a ludicrous and intellectually damaging achievement. I suspect this may be one of the attractions of The Flat Earth Society – the free will aspect, the attractions of dissent.

Because there do seem to be attractions to scepticism and dissent. So much so that wholly conventional ideas are often presented as dissent – which in one sense they often are. The traditional politics of left and right for example. Both sides tend to use the language of dissent, often by inventing straw men - or straw women. It must feel like the cool breeze of intellectual freedom, even when no more than the other side of a numbing orthodoxy.

One obvious attraction of a broader and deeper scepticism is that the options are less constrained. Possibilities remain open, further analysis is always worthwhile. This seems to be the attraction of detachment. The veto is active and well developed, but also rounded by habits of introspection.

Should I accept this idea - or is there more to be understood? No I’ll pass for now - there is more to be understood.

The veto is transformed into a positive experience; an aspect of well-being, of a genial life lived apart from the rancour of intellectual passion and coercion.

If feels like free will – possibly because it is.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Thursday, July 10, 2014

Bad business is good business


I'm reading Michael Crichton's "Airframe" (1996) and it contains a passage that has resonances far beyond the airline industry. Here, an accident investigator is telling a journalist about an explosion on an aircraft a few hours before: the operator had bought her company's excellent plane, but installed corroded second-hand engines, despite warnings.

"Super-cheap carriers are a stock scam."

"A stock scam?"

"Sure," Casey said. "You buy some aircraft so old and poorly maintained no reputable carrier will use them for spares. Then you subcontract maintenance to limit your liability. Then you offer cheap fares, and use the cash to buy new routes. It's a pyramid scheme but on paper it looks great. Volume's up, revenue's up, and Wall Street loves you. You're saving so much on maintenance that your earnings skyrocket. Your stock price doubles and doubles again. By the time the bodies start piling up, as you know they will, you've made your fortune off the stock, and can afford the best counsel. That's the genius of deregulation, Jack. When the bill comes, nobody pays.."

"Except the passengers."

Plea bargaining, court and regulator fines that come nowhere near the improper profits made, a couple in jail but hundreds and thousands of others untouched... it's not just banks, it's the way of the world.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Wednesday, July 09, 2014

Frackquakes: evidence


"Did a train just go past?"

John Martin: The Great Day Of His Wrath

A professor of seismology links soaring seismic activity on Oklahoma to fracking; an industry-sponsored research association dismisses the effects as negligible.

(Htp: Chris Martenson's Peak Prosperity site).

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Tuesday, July 08, 2014

1984: progress update


http://4umi.com/orwell/1984/4

1. Michael Krieger (htp: Tyler Durden) discusses the effects of the new legislation requiring internet articles to be deleted (or de-listed) at the request of complainants.

2. Martin Armstrong (himself seemingly the victim of questionable use of state power) first discusses supposedly hack-proof web browsers for those who don't like being spied on - and then passes on a rumour that the NSA is targeting anyone who tries to download such browsers.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Monday, July 07, 2014

Ukraine and Russia: as I said



Tyler Durden at Zero Hedge today (7 July):

"... As we remarked two weeks ago, when observing the recent developments surrounding the suddenly all-important South Stream gas pipeline bypassing Ukraine ...

"should Russia find a way to completely bypass Kiev as a traditional transit hub for Russian gas, it would make the country, and its ongoing civil war, completely irrelevant not only for Russia, but worse, for Europe, the IMF, and Ukraine's staunch western "supporters and allies" as well...

"[he quotes Itar-Tass] Gazprom.. aim to diversify routes for exporting natural gas and exclude transit risks..."

I differ slightly from Durden on the relevance of Ukraine, because (a) the Brotherhood line that feeds Blue Stream and the proposed South Stream, crosses Ukraine, (b) Soyuz and Blue Stream cross in eastern Ukraine, and (c) South Stream, a subspur of Blue Stream, will pass close to the southern shore of Crimea.

South and Blue Streams don't have enough capacity between them to completely compensate for the potential loss of  Brotherhood and Soyuz in central/western Ukraine, but it would be a start, provided S&B were made secure from seizure or destruction.

So from the Russian perspective, not only had Crimea to fall and remain in Russian hands, but the bitter struggle in eastern Ukraine must end with a stalemate somewhere west of those transiting energy lines:

 
why the extreme east of Ukraine is a key piece in the Russian strategy


As I was saying four months ago...

March 17: Naval infrastructure development on the Black Sea under the guise of Olympic preparation... strategic importance of South Stream pipeline... eastern Ukraine set for takeover ("...  South Stream crosses a bit of the extreme eastern part of Ukraine, but a little territorial snipping - a land purchase, maybe? - could put that right")... purchase of gas pipelines in Greece by proxy... and some further speculations...

March 19: Ukraine protests a pretext for Russian seizure of eastern Ukraine ("was the whole thing set up by Russia in the first place, to provoke a crisis aimed at the annexation of Crimea, near which will run the South Stream gas pipeline? - and possibly, in due course, eastern Ukraine, which is also predominantly Russian-speaking and across which runs Blue Stream?")... vulnerability of Russian gas and oil lines through Belarus and Ukraine... "some of the South Stream construction contracts were signed last Friday [March14]"... importance of Nord Stream also...

March 29: Historical struggle between US/EU and Russia for control of the Black Sea...

April 28: Russia's possible long-term strategy: an "eastern EU" centred on western Russia and connecting the Black and Caspian Seas, the Middle East and Asia.. Russia under heavy pressure to maintain economic momentum...


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

The blogger's dilemma

Sackers recently sent me this link - a post by John Michael Greer who blogs as The Archdruid Report. It's very well written and well worth reading.

To my mind, one of the problems with blogging is the attraction of extremes. It’s all very well trying to tease out one or two strands of the Great Complexity with what feels like honesty sometimes leavened with a touch of feeble humour. Unfortunately, that approach is almost bound to veer towards the pedestrian.

It would be much easier to choose a more extreme standpoint, skip the logic, ignore the data and blast armies of straw men to smithereens with every trick the rhetorical arsenal. Not that I'm suggesting this is Greer's approach because in a very broad sense I don't disagree with his overall theme.  

However, a gung ho approach would certainly attract more blog hits and probably more comments. The posts might even be more satisfying to write. After all, controversy keeps us on our toes, sharpens the debate and identifies the enemy - and we all like our enemies don’t we?

For me, Greer’s blog is one of the better rhetorical blogs. I think his message is well written, intellectually high-flown but not necessarily wrong. To my cautious mind, nobody can paint worthwhile pictures on such a large canvas, although the temptation is hard to resist and people seem to like the result. Maybe the two are connected?

For me it’s a scoping issue – Greer's scope is too wide. Accuracy suffers and the unfortunate result is that some of what is said is exaggerated and pushed beyond the boundaries of strict veracity. I’ll give one example.

That answer was that science and technology would eventually create such abundance that everyone in the world would be able to enjoy a middle-class lifestyle and its attendant opportunities. That same claim can still be heard nowadays, though it’s grown shrill of late after repeated disconfirmation.

What repeated disconfirmation? What about a few hundred million Chinese and...? But the list is too long and too obvious. To my mind he makes far too much use of emotional rhetoric to push his imminent collapse meme.

Ironically the idea doesn’t need so much pushing because whatever a middle-class lifestyle might be the threat is real enough. Yet it’s only a threat, not a certainty. The complexities, the politics and maybe some more optimistic possibilities could be inserted as caveats – but of course they aren’t because it slows the pace and dilutes the message.

Greer's overall theme of the breakdown or corruption of social imitation, or mimesis as he frequently calls it.

The habit of imitation is as universal among humans as it is among other social primates. The question becomes this: what will inspire mimesis among the internal proletariat? What will they use as the templates for their choices and their lives?

It’s a good question which one should turn around and address to social commentators, popular pundits, journalists and bloggers. A fascinating subject, but an exceedingly complex one where motives continually lurk in the depths of any argument. Unfortunately, tackling the complexity also inclines one towards the duller end of the public arena, the end where caveats come in. Caveats don’t win hearts and minds, don’t feed the anxious soul.

The problem is that people are not amenable to persuasion except under duress or the endless subtleties of social pressure - or mimesis perhaps. So argument is mostly a waste of time. One is mostly stuck with preaching to the converted - and converts like their dose of rhetoric.

The writer enjoys it too.

So the only real alternative for caveat-shackled bloggers is to make a less rhetorical appeal to like-minded people who do not necessarily agree with posts, but are interested enough to read them and interested in the ebb and flow of public debate for its own sake.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Sunday, July 06, 2014

Perverting justice: no time limit for prosecution

http://www.cps.gov.uk/legal/s_to_u/sentencing_manual/perverting_the_course_of_justice/

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Parliament and paedophilia: is the lid coming off?


Post-apocalypse London, by Hungarian artist Páldi Balázs

Simon Danczuk MP, in the Mail on Sunday:

"If MPs have harboured paedophiles, the damage to British democracy will be fatal...
 
"During the committee hearing later that day, one MP asked if pressure had been put on me to keep quiet about suspected child abusers. I nodded. Yes, it had. The MP pursued it no further...

"I believe we're on the verge of a Savile-like scandal sweeping through Parliament. Yet, for most people at the top, this prospect is not even on their radar. They're completely impervious to it.

"Once the idea that paedophiles have been lawmakers gains wider traction and people start to think political parties have knowingly harboured paedophiles then our parliamentary democracy will suffer an enormous, near fatal blow, the likes of which it will take years to recover from."

On the other hand:

From BBC TV's "Yes, Minister" - "The Skeleton In The Cupboard" (25 November 1982)

"It is possible to remove everything of significance from a file released under the 30-year rule by saying that it is complete except for:

a. A small number of secret documents.
b. A few documents which are part of still active files.
c. Some correspondence lost in the floods of 1967.
d. Some records which went astray in the move to London.
e. Other records which went astray when the Department was reorganized.
f. The normal withdrawal of papers whose publication could give grounds for an action for libel of breach of confidence or cause embarrassment to friendly governments."


(A paraphrase - see last 3 minutes of episode)



But maybe not this time...


Link to site (htp: Max Keiser)

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Saturday, July 05, 2014

Tax haven sh*ts




Vanuatu Independence 1980 ribbon and medal (Images source)

Andrew Roberts in this week's Spectator:

"To the magnificent Skinners’ Hall in the City to watch my wife, Susan Gilchrist, CEO of the financial communications group Brunswick, be feted as a newly elected honorary fellow of King’s College London. A tremendously proud moment, only slightly spoilt by the fact that I seemed to be about the only person there not to be wearing an order, medal or decoration. I felt naked. Along the enormous rack of medals sported by Field Marshal Lord Guthrie was a yellow-ribboned one I didn’t recognise, so I asked him what it was for. ‘I had to put down a native revolt in Espiritu Santo about 30 years ago,’ he said, before adding, ‘They only carried bows and arrows and all they wore were penis-sheaths.’ I suddenly felt awfully less naked. Intrigued, I looked into what’s called the coconut war of 1980 and, needless to say, Charles was being modest. It was a nasty, sharp little engagement in which people died and the French seem to have been on both sides."

From Wikipedia on Espiritu Santo:

Between May and August 1980 the island was the site of a rebellion during the transfer of power over the colonial New Hebrides from the condominium to independent Vanuatu. Jimmy Stevens' Nagriamel movement, in alliance with private French interests and backed by the Phoenix Foundation and American libertarians hoping to establish a tax-free haven, declared the island of Espiritu Santo independent of the new government. A Republic of Vemerana was proclaimed on May 28. France recognized the independence on June 3. On June 5 the tribal chiefs of Santo named the French Ambassador Philippe Allonneau "King of Vemerana", Jimmy Stevens became Prime Minister. Luganville is renamed Allonneaupolis. But negotiations with Port-Vila failed and from July 27 to August 18, British Royal Marines and a unit of the French Garde Mobile were deployed to the Vanuatu's capital island but did not invade Espiritu Santo as the soon-to-be government had hoped. The troops were recalled shortly before independence. Following independence, Vanuatu, now governed by Father Walter Lini, requested assistance from Papua New Guinea, whose forces invaded and conquered Espiritu Santo.

From Wikipedia on the "Coconut War":

Prior to Vanuatu's independence, the islands were known as the New Hebrides. The New Hebrides were governed by a condominium of France and the United Kingdom. In 1980, France and the United Kingdom agreed that Vanuatu would be granted independence on 30 July 1980.

Beginning in June 1980, Jimmy Stevens, head of the Nagriamel movement, led an uprising against the colonial officials and the plans for independence.[1][2][3][4] The uprising lasted about 12 weeks. The rebels blockaded Santo-Pekoa International Airport, destroyed two bridges, and declared the independence of Espiritu Santo island as the "State of Vemerana". Stevens was supported by French-speaking landowners and by the Phoenix Foundation, an American business foundation that supported the establishment of a libertarian tax haven in the New Hebrides.[5]

Confrontation

On 8 June, 1980, the New Hebrides government asked Britain and France to send troops to put down a rebellion on the island of Espiritu Santo.[6] France refused to allow the United Kingdom to deploy troops to defuse the crisis, and French soldiers stationed on Espiritu Santo took no action. As independence day neared, the Prime Minister-elect, Walter Lini,[7] asked Papua New Guinea if it would send troops to intervene.[1] As Papua New Guinean soldiers began arriving in Espiritu Santo,[8] the foreign press began referring to the ongoing events as the "Coconut War".

However, the "war" was brief and unconventional. The residents of Espiritu Santo generally welcomed the Papua New Guineans as fellow Melanesians. Stevens' followers were armed with only bows and arrows, rocks, and slings. There were few casualties, and the war came to a sudden end: when a vehicle carrying Stevens' son burst through a Papua New Guinean roadblock in late August 1980, the soldiers opened fire on the vehicle, killing Stevens' son. Shortly thereafter, Jimmy Stevens surrendered, stating that he had never intended that anyone be harmed.[9]

At Stevens' trial, the support of the Phoenix Foundation to the Nagriamel movement was revealed. It was also revealed that the French government had secretly supported Stevens in his efforts. Stevens was sentenced[2] to 14 years' imprisonment; he remained in prison until 1991.

No important people were harmed in the making of this colonial program.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Friday, July 04, 2014

The Guardian on... tolerance?

Andrew Brown writes in the Guardian of Yetis and realities.

Living in a world where yetis do and don't exist
Yeti scientists have shown we can bounce through different realities, where what's regarded as 'real' is ambiguous at best.


Scientific hunters for the yeti are easy to recognise: they want to bring back the corpse of some other animal altogether. Most recently, a team led by Professor Bryan Sykes of Oxford sorted through 36 samples of supposed yeti fur using the resources of modern genetics and reported their findings with the full scholarly apparatus, including a footnote referencing Tintin in Tibet as the source of "Captain Haddock's suspicions that the yeti was an ungulate".

I see the piece as a welcome affirmation of uncertainty in an often over-certain world. Not quite an unambiguous plea for tolerance though.

Some myths are of course actively pernicious. The stories spread by Aids denialists or anti-vaccine cranks have helped kill thousands if not tens of thousands of people. It's a public duty to go after them.

It's a public duty to go after them - really? In all cases? Actually I suspect Brown's criteria may be pretty tight here, but unfortunately it's a notion many Guardian readers seem to adopt too well and too widely.

Maybe Brown could have included Marxists as an illustration of death-dealing cranks too. Merely to illustrate how complex and confused human notions of reality can be - to widen the spectrum a little. Or perhaps he knows his readership too well for that. I like his last paragraph though.

Normal people – well, everybody, actually – are adept at bouncing through these different "realities" like lumberjacks bounding over spinning logs. We live quite comfortably in worlds where yetis do and don't exist, where they're real in stories and not in the Himalayas. The only dangerous scientists are those who don't understand this or don't believe it's true of themselves, and that they only believe true facts. You couldn't accuse these latest yeti hunters of that. The reference to Tintin proves it.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Tuesday, July 01, 2014

Dolphins don’t buy books

From Wikipedia

We can be fairly sure dolphins don’t read books simply because we never find sodden pages of dolphin literature on the beach. Anyhow they have no money to buy them.

The dolphin’s lot is abject penury with nothing to read and a diet of cold fish. If they were as bright as some folk make out, they’d do something about that.

Yet suppose human intelligence is merely a complex feature of the natural world. In that case it may be interesting to take dolphin illiteracy and indigence a little further. For example, what if some of our important inventions are not peculiar to humans, but arise naturally from a high level of intelligence and co-operative social organisation?

The two inventions I’m obviously suggesting here are money and books. Paper books are under competitive pressure from electronic devices such as the Kindle and the internet generally, but functionally there is an important equivalence. So I’ll use the word book for traditional or electronic media.

Books are a route by which many adults further their education as they see fit Money is mostly how people manage their material lives as they see fit. Books and money help maintain two of our key freedoms, the freedom to share labour and the freedom to understand what others have understood before us - or at least their opinions.

To my mind it is tempting to imagine inventions which might be common to intelligent species across the universe. In other words, certain socially important inventions could arise naturally on any suitable planet supporting a species of sufficient social intelligence. Perhaps there is a universal logic of exchange and all intelligent social beings would understand both money and books.

Of course we are constrained by our humanity and it is too easy to picture alien species which conveniently share some of our characteristics. Klingons and Dr Who for example. Yet the conjecture is potentially testable because it could be verified if SETI ever makes contact with another intelligent species.

Life being what it is we expect things to be rather more complex though – we expect to be surprised. Also, if dolphins turn out to be as intelligent as we are, then the idea is wrong to begin with because dolphins don’t seem to have much use for money or books. Although as far as I can see, dolphins don’t seem to be particularly intelligent.

So in an odd and inverted sense it may be anthropocentric to assume that money and books must be purely human inventions. On the other hand, it may be that this line of thinking really is anthropocentric and we will never contact an alien intelligence because we cannot recognise intelligence other than our own. And how common is that!

Yet natural law looks very much like the universal language of nature and we would not search in the first place if we did not believe our intelligence to be at least a little more than narrowly human. Surely any contact with non-human intelligence would have to be based on some mutually understood natural regularities – or natural laws.

As things stand this is all lighthearted speculation, but maybe one day it won’t be. Certain aspects of social life could turn out to be aspects of all intelligent life, taking us beyond the range of any telescope - philosophically at least. 

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Democrat vs Republican economics

Eric Zuess' book "They're Not Even Close" compares the economic record of the American political parties from 1910-2010. His analysis shows that most aspects of the US economy are historically stronger under Democratic control than under Republican control. This is also true for the individual states, in that those which lean Democrat have a strong correlation with a robust economy and educational attainment.

Given that Republicans are strongly in favour of self-reliance, big business and the free market, while the Democrats have inclusion and the common good as their official platform planks, this data appears to be counter-intuitive. It does, however, explain why the Democrats have a hard time getting anything done, as they try to please everyone.

One possible explanation is the Game Theory of John von Neumann and John Nash. In brief, many human interactions, including economic transactions, can be modeled as a finite collection of players playing a game. Each player has a finite set of possible decisions/strategies, and a pay-off function, which depends on all of the current choices being made (for a very good explanation, see the Wikipedia entry at http://en.wikipedia.org/wiki/Nash_equilibrium ).
Nash showed that each such game has at least one Nash equilibrium. This is a choice of strategies such that, if any single player changes their choice, their pay-off will decrease. Getting there requires perfect knowledge of all other choices, which is most easily achieved by cooperation.



For a brilliant and simple example of the dangers of pure competition, consider Martin Shubik’s bidding game: We auction off $1 to a group of players. The highest bidder wins it. However, the wrinkle is that the top two bidders have to pay. The only possible non-negative pay-offs for the group as a whole require cooperation, with the maximum being one player bidding 1 cent, and the others not bidding at all.
These models explain why wolves do better than tigers, and ants beat everyone.


So what is it that Democrats do ‘better’? I would argue the concept of public spending as investment, not waste. Here are the kinds of projects usually funded by Democrats, but vehemently fought by Republicans.

Infrastructure – build better roads, water systems, airports etc, and companies can move products and workers more efficiently. In addition, construction involves well-paid jobs, which increases the tax base.

Entitlements – as onerous as this word is to hard-working people, we don’t often see the elderly starve to death, or massive epidemics. Every US city is probably safer than Buenos Aires. How would that change if the poor were actually living on the streets in large numbers?
Education – better-educated people make for a better society, are healthier and less likely to commit crimes (except for fraud).

Science – a bigger contributor to economic growth than abundant natural resources. The problem is that it requires huge investment for unlikely pay-off. This is generally not what companies like to do. Those that do so want results to be proprietary, which necessarily stifles the free exchange of information that progress requires.
So what can we conclude? Mathematics can predict that some cooperation is better for the economy than pure competition.

However, this prediction is after the fact, which is much less useful than before. The only people who will accept the original data are those to whom it is emotionally satisfying, namely economists and Democrats. Republicans will find a way to ignore or explain it away. In other words, the book is sadly unnecessary.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.