Friday, August 08, 2014

Is the UK a tax haven? For frackers?

The Washington Post lists a host of US companies that have relocated their official headquarters overseas to reduce tax.

Apart from the usual dodgy destinations - Bermuda, the Caymans etc - there are some who have chosen the UK, and three of them are drillers. Is there a story here?

Data from Washington Post.

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Thursday, August 07, 2014

Buy land in Baton Rouge!

Fear methane-powered tsunamis on the US East Coast? Want to avoid up to 50 metres of global flooding? Why not grab the opportunities offered by Baton Rouge, with its safer elevation and access to strategically-important inland waterways?

You may not see the full benefit in your lifetime, but your descendants may thank you, sometime within the next thousand years.

At least, that's one implication of the fascinating latest post from John Michael Greer.


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Waterskiing if you haven't got a boat...



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Does inequality lead to "decline and fall"?

Seeking to draw parallels between modern America and decadent Rome, Washington's Blog links to this:


A dwindling middle class, the flight of the rich to safer places (think of the recent Chinese and Russian expatriates)... it's suggestive.

The above arises indirectly from Barry Ritholtz's latest piece, in which he lists many economists and professors who also claim that widening income inequality harms the economy and generates boom-bust cycles.


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Wednesday, August 06, 2014

A Moral Principle gets wet

Tarr Steps - Exmoor

A Moral Principle met a Material Interest on a bridge wide enough for but one.

“Down, you base thing!” thundered the Moral Principle, “and let me pass over you!” 

The Material Interest merely looked in the other’s eyes without saying anything. 

“Ah,” said the Moral Principle, hesitatingly, “let us draw lots to see which shall retire till the other has crossed.” 

The Material Interest maintained an unbroken silence and an unwavering stare. 

“In order to avoid a conflict,” the Moral Principle resumed, somewhat uneasily, “I shall myself lie down and let you walk over me.” 

Then the Material Interest found a tongue, and by a strange coincidence it was its own tongue. “I don’t think you are very good walking,” it said. “I am a little particular about what I have underfoot. Suppose you get off into the water.” 

It occurred that way.

Ambrose Bierce - Fantastic Fables (1899)

One of Bierce's many word cartoons where the reader supplies their own image. A great alternative for those who can't draw. My mental image for Bierce's two chaps on the bridge is in the style of a Punch cartoon by Sir John Tenniel. For me it maintains the vintage aura.

Mind you, although there is a vintage aspect to Moral Principles fighting Material Interests on a bridge, the outcome is bang up to date.

From Wikipedia

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Tuesday, August 05, 2014

A smile


A blood-feud in Iceland, a thousand years ago: Halldor and others have just killed Bolli in his dairy, while his wife Gudrun is out...

(From Laxdaele Saga, tr. Muriel Press)
 
(pic source)
 
I've never forgotten it.
 

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A light dies down


It is certain that up to a point in the evolution of Self most people find life quite exciting and thrilling. But when middle age arrives, often prematurely, they forget the thrill and excitements; they become obsessed by certain other lesser things that are deficient in any kind of Cosmic Vitality. The thrill goes out of life: a light dies down and flickers fitfully; existence goes on at a low ebb — something has been lost. From this numbed condition is born much of the blind anguish of life.
G K Chesterton - What's Wrong with the World (1910)

It takes a certain kind of observer to see this kind of social issue, to identify it as an issue and present it cogently. It requires a sceptical cast of mind grounded in what is rather than what ought to be. A degree of detachment from approved social narratives.

Our weird culture has become obsessed with what ought to be as opposed to what simply is. A frantic political correctness is on the march and doesn't know when or where to stop and look around. Our supposedly technical and rational culture has meekly succumbed to swivel-eyed hysterical posturing.

The delicate flowering of each individual human spirit becomes a feared strangeness, unwanted. A thing to be covertly damned from every secular pulpit and quietly rooted out from our fanatically domesticated garden where nothing grows naturally.  

We grow up in our feverish, artificial civilization, believing that the real, satisfying things are complex and difficult to obtain. Our lives become unnaturally stressed and tormented by the pitiless and incessant struggle for social conditions which are, at best, second-rate and ultimately disappointing.
G K Chesterton - What's Wrong with the World (1910)

Chesterton had his allegiances too, his treasured notions none could challenge, his core beliefs of right and wrong. Yet he also had a sceptic's eye, a genial observer's eye unclouded by fashionable enthusiasms. A century later we haven't quite lost his gift, but in spite of his enduring popularity we never learned Chesterton's lessons. And really - it's not as if they were even new.

Yet I think what he didn't foresee was how the evolving world of electronic communication would become a tool of mass propaganda. How the spread of information could so easily we turned into the spread of misinformation.

In his day, the great concern was the power of newspaper proprietors.  What he probably didn't foresee was the kind of large scale collusion we see in mass communication. It isn't merely the narrative-weavers, but our own failure to understand the pitiless and incessant struggle for social conditions which are, at best, second-rate and ultimately disappointing.

Perhaps for most of us, the light dies down too early.

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