Sunday, June 03, 2012

Fruity language from Balloon Head Cameron

"... a court sentenced Hosni Mubarak [...] to life in prison for his role in the killing of more than 800 protestors..." - ABC News

On radio news yesterday, it was alternatively "protestors" and "demonstrators". But if it had been "rioters"? The choice of terms can make such a difference.

Yet ex-spin doctor David Cameron, supposedly an expert on presentation, said yesterday that hostage-takers like those raided by the SAS in Afghanistan could "expect a swift and brutal end".

"Brutal"? That leaves a bad taste in the mouth.

Well, English wasn't one of his A-level subjects, though presumably it was at 'O' level. Perhaps his judgment has been permanently clouded by his alleged school age cannabis consumption, for which he got 500 lines. Not white lines, obviously; though when I visited a friend in Magdalene College, Cambridge in 1970 he told me that the large Old Etonian contingent there was cliquey and very into cocaine, so one can only wonder where and when their predilection was allowed to develop.

Would you like to think like a Prime Minister? Play Fruit Ninja here!

Means and ends

1941: 

"A Hauptmann (captain) with the 73rd Infantry Division reflected that peace would come even to the Balkans with a New European Order ‘so that our children would experience no more war’."

- Quoted in Anthony Beevor's "The Second World War" (Weidenfeld and Nicolson, 2012)

There is always this regrettable thing to do, then the lasting good will come. But it can't:

"... our personal experience and the study of history make it abundantly clear that the means whereby we try to achieve something are at least as important as the end we wish to attain. Indeed, they are even more important. For the means employed inevitably determine  the nature of the result achieved, whereas, however good the end aimed at may be, its goodness is powerless to counteract the effects  of the bad means we use to reach it. Similarly, a reform may be in the highest degree desirable; but if the contexts in which that reform is effected are undesirable, the results will inevitably be disappointing. These are simple and obvious truths. Nevertheless they are almost universally neglected."

- Aldous Huxley, "Ends and Means" (Chatto & Windus, 1941)

The European Project, the wholesale reordering of the British constitution (Supreme Court, House of Lords, the coming sinister National Crime Agency and so on), the international assault on Iraq - all undertaken without truthfully informed democratic consent.

The alliance with Franco against Communism, the support of the Taliban against the Russians; all these clever, disastrous calculations balancing evils. Stalin teaming up with Hitler's National Socialists against the wicked West, then ten silent, shocked days in a forest cabin when Hitler turned on him.

Procedure matters, after all. We can't guarantee a successful end, but at least we can choose what means we employ.

Saturday, June 02, 2012

Derby wager

The race is to start in five minutes. I'm rooting for Minimise Risk for a place; I think it's an appropriate name, like Party Politics in the 1992 Grand National.

Update: placed last, of course. Camelot wins - is this a favourable augur for the Conservative PM?

Dow 1,000 or less? Quote of the week (or century)

"If I am correct, I expect the Dow to be trading well under 1,000 by 2016. I am nailing that to my mast – and computer screen."

John Burford, Financial Trading Strategies website

Tuesday, May 29, 2012

UK debt far worse than USA's

Reading Richard Murphy's Tax Research website, I see that Paul Krugman has graphed UK public debt since 1900 and really, it's implied, we're not in that bad a situation right now.

But you have to look at the total weight of debt in the economy, not just the government part. McKinsey did this in January and as of Q2 last year, the UK's total debt-to-GDP exceeded 500%, putting us pretty much on a par with Japan and far above eight other major economies:


And we don't have an industrial - and industrious - base like Japan's.

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UK debt far worse than USA's

Reading Richard Murphy's Tax Research website, I see that Paul Krugman has graphed UK public debt since 1900 and really, it's implied, we're not in that bad a situation right now.

But you have to look at the total weight of debt in the economy, not just the government part. McKinsey did this in January and as of Q2 last year, the UK's total debt-to-GDP exceeded 500%, putting us pretty much on a par with Japan and far above eight other major economies:


And we don't have an industrial - and industrious - base like Japan's.