Scratches to Sketches
Wednesday, 3 November 2010
Now to Create the Inverse Which is What I Want!
America Votes Republicans into Congress
The voters have made their choice and they favoured the Republicans. Now, Congress needs to get to work and sort out that housing headache! It's no good flooding the economy with more money to stimulate growth, but if people pay down debt that helps. One has to wonder whether in such a period of deflation whether paying off a mortgage is an attractive option. No! And, that's the problem.
The not so subtle message the American people may be sending Obama and Congress is that the real work to sort out the economy has not started and what has been done has not gone in the right direction.
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Tuesday, 2 November 2010
Confused World Economy At Odds on Money Issues
From The New York Times:
Looking for Investments, China Turns to Europe
As China puts money into infrastructure and European debt, it is seeking friends in currency and trade disputes.
Fear of inflation and deflation occurring in different parts of the globe. While America spends more dollars, other countries want to spend less, but are getting caught up in what could become a 1973-76 style world inflation resulting from a flight from dollars and a push to grab energy resources. Many countries have too much liquidity and seek to reduce inflationary risks without encouraging deflationary risks.
http://online.wsj.com/article/SB10001424052748704141104575588211544818170.html?mod=djemTEW_h
http://online.wsj.com/article/SB10001424052748703778304575590093875291612.html?mod=djemTEW_h
http://online.wsj.com/article/SB10001424052748704462704575590061846845530.html?mod=djemTEW_h
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Hair Loss an Insurmountable Problem or Just a Challenge?
A radically new approach may work for you:
http://swns.com/miracle-hair-growth-serum-on-sale-021659.html
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
The Confusing Arena of Left and Right Wing Politics Which is the Wrong Way to Understand Politics
It's not really an issue of democrat against republican or liberal against conservative or right against left wing. That's what makes modern political dialogue so confusing. We get wrapped up so much in labels that don't tell us very much.
It might be more helpful to understand politics in terms of large and small. Small things often grow to be large things. Children grow to become adults. Our treatment of small and immature things is very different from our treatment of large and mature things. We know that large things have a way of protecting themselves and gaining a handle on situations. Large people tend to have different issues from small people. Large companies have different issues from small ones.
We can also factor in age. If things grow large they then tend to be older. The needs of older entities and people are very different from the needs of younger entities and people. So to understand the position of things, we need to understand their age and size, or at the age and size of the grouping to which they belong.
What we find is that larger and older entities and people tend to have advantages at their peak and then disadvantages when they are over the hump.
Right and left wing reflects interests not of whether radical change is appropriate or not, but what the entity or person belonging to a particular grouping sees as it's interests.
What confuses the politics is that entity age groupings and people age groupings do not match and frequently work at cross purposes. An older company should have things sorted out for it's retirees, but we find that an older company to stay young hires young people who do not want the interests of older staff to be catered to. The mix between old and young causes political conflict.
Similarly, small company interests are very different from large company interests and their politics reflect that. It's too much of a short cut to say that large company interests reflect the interests of older people. The politics of large and small organizations is very different.
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
The Competitive Inequity that Modern and Traditional Banks Create
Ever wonder why there is unemployment. It is not something to be easy found within the ideas of Keynes General Theory or within the ideas of innovation to be found in Schumpeter. To be sure, it is contained in both the long and short term approaches of these theories, but the fact is that the role of the banking system in both is somewhat misunderstood or just plain lacking.
Put very simply banks, especially large banks enjoy economies of scale. If they want to make money they do preferential lending to big customers. Big customers put more money in more branches mor widespread across the country or globe than small customers. Big customers demand that banks treat them preferentially.
So why is the British Prime Minister surprised that he cannot get big banks to lend to small business?
It should be obvious.
Big banks have both customer small and customer big as customers. Customer small asks the bank for a loan that will take away business from customer big. Bank says no to customer small because it wants the revenue of customer big to continue and figures customer big is the better bet. Banks research their customers competitive positions and get outside advice on business prospects.
If customer small and customer big are bidding for the same government procurement contract, do you think that the bank does not know. Think again because the bank has all the information of customer big and small it needs to decide which it wants to lend to. Customer big deposits in many branches and in key important branches, while customer small banks in a few branches somewhere! When the branch manager of a bank branch assesses customer big, there is a routine and similarly with customer small.
Head Office has the final say and takes two piles of files, one for customer big and one for customer small. Weighing both and taking into account relativities, customer big wins in the mind of the bank.
What happens in the government office is not so very different though it relates to familiarity breeds friendship. The supplier big is more prevalent and has more friends, especially the bank that finances or smoothest it's financial operations. Supplier big is well known and offers fewer head aches. Who would you think will win the government procurement contract? This is not yet eBay!
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
The Lion's Den and What Business Banks are Really Interested In!
You might have thought that banks were interested in lending to firms for investment in activities that create jobs. No, that's the role of the stock market, angel investors, government schemes, and lions. Banks lend to consumers where they can get a strong handle on the risk. They don't like lending to companies if they cannot get a superb handle on the risk.
Banks lent to the property market because they thought it was risk free. Banks want a return on investment of 35 percent so this limits their choice of risk taking somewhat. If you want 35 percent growth, you will look for three times that before lending at risk. There is not much new activity going on that will produce a growth rate of over 100 percent per annum.
Generally, small firms take a hit before they break even. Banks want the hit to occur very soon and the break even point to be within a short period, the shorter the better.
The truth is that banks are not really suited for lending for innovation. If they lend to an innovating company, it might just put another customer out of business, which is not what they want. Even if that customer banks with another bank, they do not want to put companies out of business.
Capitalistic innovation requires winners and losers so banks are not in the game of innovation.
They want to make loans for working capital after a revenue stream has been well identified and established. Then there is low risk and they act as an insurance lender in the event of a hiccup. The gamble banks take is that the winners will always outnumber the losers and the and bad loans will be very limited. The 35 percent growth on capital is quite sacrosanct and the charges banks impose reflect this need to make profits in excess of interest rates.
The high rates on consumer credit create bad loans, but this does not seem to phase banks, who create a sheltered pattern of approval for new lending that maximizes the return on capital even if it is at the expense of customers. Consumer loans for credit cards are a two stage process of profit taking. Make a profit lending to the lending credit card bank and also make a profit lending as the credit card bank!
Both make a return of greater than 35 percent on capital which is built into their charges. So choose only addicted customers who are so desperate for money that they always maintain an excellent credit record. That this excellent credit record comes from playing the field of lenders is unseen or ignored. Borrowing is a secret addiction and the most common one, ahead of alcohol, and it leads to stress and premature death.
Growth in credit comes from the demand of established customers for working capital be this consumption or investment. This is what banks are interested in.
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Fighting Viruses and the Body's Immune System
These days, progress in medical science is the result of thorough research into the mechanisms of disease and the means at hand in the body to fight. We have all suspected that the strengthening of the body's own immune system would be the way of much future medicine. How do we do it, however? It's one thing to take vitamin C which apparently does not work very well, but what are the other options. Science has discovered more secrets about how the body fights it's enemies. You might ask whether it really knows how to identify them.
http://www.guardian.co.uk/science/2010/nov/01/viruses-immune-system-antibody?CMP=EMCGT_021110&
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Monday, 1 November 2010
Apple, Google and RIM are Locked in Commercial Battle
Who do you think is winning?
http://blogs.wsj.com/digits/2010/11/01/android-overtakes-iphone/
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Thomas and St Lucia
http://m.youtube.com/index?desktop_uri=%2F&gl=GB#/watch?xl=xl_blazer&v=goHHcWTTFnk
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Tomas and St Lucia
http://m.youtube.com/index?desktop_uri=%2F&gl=GB#/watch?xl=xl_blazer&v=o7MtZGi0Mnk
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
What the British Museum Is Up To!
Ancient Egypt site of the British museum -
http://www.ancientegypt.co.uk/menu.html
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
If you like art!
Check out this amazing blog:
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Who Does Not Believe in a Second Energy Crunch, Please Stand Up!
You might be forgiven for feeling the past decade and its over-investment was a conspiracy of vested interests. What do you think about how a price war for energy might shape up?
As the excess production of dollar credit finances growth of production outside America, it will most assuredly help China and India as they bid against each other for more and more of the energy pie.
http://www.thehindu.com/business/Economy/article863056.ece
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
America Will Help Create a Second Dynamo Economy - India
In the UK, we have been tied to the mistaken notion that America is our strongest economic ally ignoring the fact that Germany is the powerhouse economy that enables the UK to relax over the dismal fiscal performance of Greece and Spain. What America has done in the past decade for Britain no friend would do.
Well, fighting wars in the Middle East boosted British arm sales and gave more control over the status quo of oil suppliers, but one wonders about this alliance of convenience to very large security interests, oil and arms is not the best way to grow an economy any more than banking and home sales.
Now, we are faced with a prospect of seeing India being transformed into a dynamo economy along American designs. The catch is that India will do much better than China over the longer term and it's economic influence will reshape the world economy more assuredly as it competes with China, Europe and The Americas.
http://www.thehindu.com/business/Economy/article861605.ece
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
More Quantitative Easing Reflects Severity of Long Term Adjustment Needed
One of the great difficulties in designing short term policy such as being unleashed in America is that there is no accurate measure of production potential. This means that capacity is idle, but forecasters have no idea whether or not the idle capacity is a permanent loss to the economy that will have to be corrected through structural changes, job and capital reassignment.
There is the hope, and is a risky hope that by increasing effective demand through government initiatives some of the idle capacity will become active.
The problem is that those who would demand credit for business need to be convinced that they can make a return on their borrowing. In the past decade, one gets the impression, rightly or wrongly that those demanding credit were primarily consumers, construction, speculators, large firms, merger interests, banks taking undue risks, insurance, and home builders.
The big question is who the increase in credit will benefit. If one said terrorists who want credit for arms deals that would cause a bit of worry, but perhaps these are just the very entities that will benefit most from more dollars seeking to make a return.
That the idea of more money in the system can produce jobs is simplistic. What it can do is produce votes for the Republican Party in the short term as these large corporate interests and many profligate consumers realize their dreams out of the Bush Administration's fling with property and a level of overall consumption unsupportable by the manufacturing side of the economy.
Whether, the demand for credit will come from small business is a risk, but even if realized, it will push ahead risky investment in time that could create a weaker base for efficiency in the longer term. Business that finds things easy feeds off an insatiable demand in America for rubbish or unnecessary spending.
That's the issue. A weak dollar does little to spur investment in efficient production in America. That would be too easy. But, it does create credit for foreign manufacturers investing outside America as these dollars filter abroad as the US balance of trade worsens. Suck, suck..
http://www.thehindu.com/business/Economy/article862912.ece
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Sunday, 31 October 2010
Suzi Malin's Challenge
Previous commentaries:
What has happened:
http://www.camdennewjournal.com/news/2010/jul/lost-light-artist-suzi-malin-turns-developer
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Getting Rid of Wrinkles is now EASY
Check out the advances in facial beauty technologies!
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Saturday, 30 October 2010
Credit Creation As Coming Before Money Creation and Manchester United
Those who see the ownership of Manchester United as being based on credit created in the United States for a retailer based in the United States might be forgiven for wondering how an economy, especially a world economy works.
Mike Shedlock, a blogger on the global economy, captures the conundrum very succinctly by saying credit creation comes before money creation.
I respect Mike's view very much, but the fact remains that he is self schooled in economics, or at least that is what I understand from other blogs. So, how much credence do you give to a guy who reads a lot?
Well, I think you will learn much if you read Mike's blogs. Mike is also known as Mish to his many readers, and there are many of them.
What economics classes do generally is present loads of detail about what the present state of affairs without telling you much about how they got there. Mish says credit comes first, and he is absolutely right. Credit bids up the price of money and the authorities then supply the money to reduce it's price. Without official creation of money, it's price would be too high for governments to finance their own debt, the credit we have given them to do things we voted them to do.
Mish is right to say it's important to add history to the economic analysis. If you don't have the story then all you have is the accounting, which amounts to a whole lot of balance sheets adding to zero. All the pluses must add to all the minuses, zero out in total. All the sources of finance add up to all the uses.
All entities have a balance sheet. We all do whether we realize it or not.
What then is credit?
Credit is an accounting entry on the asset side of a balance sheet, i.e. credit, by some entity that is authorized to make such entries, a lender, for some entity that is authorized to receive such entities, i.e. a customer. The lender will charge an interest rate but the actual interest rate has yet to be determined.
Before someone can use the new credit the lending entity may have to go out and buy money and make it available to the customer. For money to be created in it's balance sheet, it will bid in the money market and the price of money will go up just that small amount needed.
Assume a huge amount is lent, then a bid will raise the price of money appreciably and the market price for money will rise, that is, the interest rate for money will rise.
This is where the central bank steps into the picture because the raising of interest rates is not on its own going to increase the supply of money in the system. To keep the interest rate from rising the central bank will supply credit to the lender, or lenders as a market, by offering money at an interest rate lower than the market rate.
Thus, the central bank increases the money supply by issuing it's own credit, which results in monetary expansion. With matching monetary expansion, the interest rate does not move.
This is how credit creation drives the system in the modern economy. Advances by banks create a demand for money which is obtained within the banking system. If the system is short of money, the central ban will lend it to the market in order to avoid interest rates going up.
You might wonder whether a government operates like a bank. Well, consider that it may have a balance sheet that can create loans and the money for these loans needs to come from the central bank by the central bank giving credit to the banks that lend to the government.
So there you have it, the government behaves like a bank and has a borrowing requirement that is met by central bank loans. If the interest rate does not go up, it means that demand for credit by other entities has fallen or the central bank has created money for the system, that is, more credit for the system.
Mike Shedlock / Mish has many words of wisdom....
http://globaleconomicanalysis.blogspot.com/2010/10/german-finance-minister-accuses-us-of.html
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Friday, 29 October 2010
Deflation?
Occasionally, those not trained specifically in economics produce commentary that fires one to think.
I have been formally trained in economics and economic history, which is perhaps a disadvantage if discussing economics with Mish.
Mish has an excellent grasp of the issues and his ideas are not to be disregarded because they are not conventional. Perhaps, insights coming from a wide breadth of reading qualify one more than the passing of exams. Well done, Mish. You are a man to read:
I have been formally trained in economics and economic history, which is perhaps a disadvantage if discussing economics with Mish.
Mish has an excellent grasp of the issues and his ideas are not to be disregarded because they are not conventional. Perhaps, insights coming from a wide breadth of reading qualify one more than the passing of exams. Well done, Mish. You are a man to read:
http://globaleconomicanalysis.blogspot.com/2010/10/double-dip-delayed-not-derailed.html
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Do you view current approaches to big banks as the way to go?
What are the alternatives to bank bailouts?
http://www.businessinsider.com/mike-mish-shedlock-10-2010
How far will people go?
http://www.businessinsider.com/anti-bank-bailout-revolution-2010-10
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
iPad Popularity is Not the Only Factor in Sales Growth
Supplies of components are improving!
http://www.eetimes.com/electronics-news/4209821/ISuppli-again-boosts-iPad-sales-forecast
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Why Keynes Would Agree With The Idea of Government Supported Investment at Home
In Keyne's day, the structure of economies was very different from what it is today. His emphasis on short term investment to get job numbers up was speculative to say the least. New investment could introduce new technology that would spur on efficiency of labour and reduce employment numbers. Schumpeter the economic historian understood what Keynes did not understand and that was the real dynamic of the business cycle within an economy that's evolving. However, put Keynes and Schumpeter together and you get a better perspective of what new investment might do. You also see where US economic policies fight each other. One is that America wants jobs, but has implemented policies that encourage unemployment and inefficiency.
The reason is that economists designing American policies are not very skilled in applying all the economic sciences together in an integrated fashion. They produce piecemeal policies that an economic historian would regard as ludicrous. Too many investment ideas don't mix macro and micro economic concepts very well or neglect non linear economic dynamics and product mix evolution. Bad understanding of economics leads to ineffective policy and huge mistakes in macroeconomic management such as we have seen. Business schools, economics departments, and economic history departments are just that separate schools of practice and thought leading to a mishmash of weirdness and inconsistency.
Spending on new equipment will help growth in a domestic context such as the United States in the modern context because of the shift of employment to other economies. It is extremely important to reduce the cost of capital investment in an advanced economy competing with a labour rich economy. Get rid of the taxes on investment in the United States and growth will result and it will be in keeping with the ideas of the great economists. Reduce capital gains taxes in advanced economies in order to slow down the export of jobs to labour rich economies.
The cost will be greater economies of scale rising in advanced economies and more employment in the labour rich economies. The source of growth in an advanced economy that has skilled labour must be investment in capital that can use that labour and achieve efficiencies.
To encourage investment in equipment, and to create jobs in an advanced economy, it is not a good idea to have a weak exchange rate as that will encourage inefficiencies of all forms and the export of efficient manufacturing to other countries.
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Why Do Good Economists Disagree?
It's very confusing that the social scientists occupy a world of knowledge that seems far less secure than the world of knowledge occupied by the physical scientists. The social sciences, such as economics, are not so different in reliability.
What people fail to understand is that a social science discovery has a sell-by and use-by date that comes much sooner than that of the physical sciences because the number of variables is much larger. Not only that, but the world of the social sciences is non linear and few economists can explain their thinking to audiences unskilled in non linear thought. The world thinks in a linear way despite the fact that almost everything in the social world happens in a non linear way. Dah! Most social science stuff is too difficult for the man in the street to understand consciously, but unconsciously there may be hope.
Similarly, a good social science non linear law lasts for a very short period, while a good physical science non linear law lasts almost endlessly. Look at chaos mathematics and ask how you convey the truths of that to the broad public. By the time a social science law is discovered the social world has gone, but by the time a physical law is discovered the world will be able to use it for a while.
Thus, when you read an economist's views you need to assess how long the views, even if correct, will last, probably not much longer than a good weather forecast made a week in advance of the weather. That weather forecasts are much better is quite evident, but this is probabilistic. They are more probably better, but not certainly better. The sell-by dates for an economist's views are fairly short, so one has to be very careful when using them. Some economist's views are stale the moment they are spoken, being based on other economist views, which are stale. Most economists views are stale and it is difficult to find fresh ones, but when you do, they are very very usable.
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
We Make A Mistake If We Ignore History And Why We Should Not Ignore Milton Friedman on Money
Too much money all at once and you get inflation? Well, the evidence suggests that money is the main source of inflationary impulse. Actually, we may not get inflation because we may be increasing money at a time of growth and the growth may require more money. The problem is that if we do not know when growth will occur, we do not know when we should have more money. It's not a question of Keynes versus Friedman. It's a question of the economics of short run expectations and risk against long term prudence and hedging. Keynes was a risk taker as we see from his speculation at Cambridge in commodities. Friedman was a hedger who knew that too much money at the wrong time produced real social problems down the road.
We have seen the inflation and now we are seeing more risk taking should the growth that we all want to see not happen. Well, the reality's that the world is growing and it needs dollars because dollars are the only world currency apart from gold and SDRs. That SDRs get translated into dollars at some point is self evident and that SDRs as dollars are hot money is risky. Should however the dollars produce a bout of commodity inflation similar to what happened in the 1970s, we would have real problems.
The risk is real that we will see a race to commodities out of dollars and should that happen we will get out our Milton Friedman papers and understand that he said that he told us so. What are you in favor of inflation as a risk or growth. Chances are that it is the weaker advanced economies that will suffer most!
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
What are spies really like?
We have seen the Russian spies caught in America become celebrities claiming to have been unsuccessful. We have read about how spies infiltrated schools and workplaces during the cold war. We have seen James Bond 007, Mission Impossible, Spooks and Alias on television. But, what are spies really like?
I suspect that they are too busy in operations to be that well informed, but heh everyone has a view!
http://online.wsj.com/article/SB10001424052702303362404575579800140735056.html?mod=djemITPE_h
Will not time reveal the lasting importance of friends and mutual respect? Be kind to those who think well of you and those you know and try to add positive elements to your world. Promote peace in your heart and sunshine in the minds of those around you by your own good works. Elevate the level of discussion by thinking less of the issues and more of how you can reduce the tension of stress that arises with honest disagreement. Relax by breathing more deeply and consciously.
Head's Artwork Draws the People to the National Art Gallery
What is it about this artists work that makes it so interesting?
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Thursday, 28 October 2010
Understanding Chinese Communism the Capitalist Way
What distinguishes Chinese communism from Russian communism is the ability to survive, which rests on a failure to denounce past wrongs!
http://www.lrb.co.uk/v32/n20/slavoj-zizek/can-you-give-my-son-a-job
http://www.lrb.co.uk/v32/n20/slavoj-zizek/can-you-give-my-son-a-job
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The Saint Thomas Approach Won't Work For Our Natural Friends
In Christianity, there is what I would term the Saint Thomas approach which is the doubting Thomas approach of not believing something without first hand sight. This approach to religion places the onus of proof onto the conveyor of evidence. Unless, the messenger can actually show real visible proof, the message is not accepted as believable. We tend not to believe that human use of food from other countries might damage the world ecosystem.
Some times, the approach will not work because of the basic flaw in it's logic:
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Wednesday, 27 October 2010
Congratulations to the New Mayor of Lambton Shores, Ontario
Dear Bill!
Congratulations on your new role as Mayor of Lambton Shores. I wish you every success.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The Problem with Economists: Keynesian, Monetarist, and Pragmatist
The fact is that economists differ in their advice because they are paid to differ. There are very few self employed economists. Ronald Brech of Wimbledon was one such economist, and I had the immense joy of working for him. His ideas evoked brilliance compared with the run of the mill economists that I have had to deal with before or since.
Maybe it's being an independent economist that helps one achieve the understanding of business and macroeconomics simultaneously, but I don't think that it's just that. One must add that economists are pretty awful if they are not totally immersed in reading economic history very thoroughly. The worst economists are those that come out of mathematics and try to give the idea that mathematics is the be all and end all of the science.
They are dead wrong and the huge monster mistakes their notions can spread is horrendous.
So get an economist who is steeped in economic history and pragmatism, knows that business cycles are a very real phenomenon and has the wisdom to understand how money works an economy. You are bound to get better policy as a result.
We see the buying off of economic policy in political events and campaigns. Paid off economists, the ones that can be bought for a dime will tell the political candidates and the public what they want to hear. Things like the economy needs a stimulus are always popular so these economic solutions come simultaneously from the mouths of paid off economists of opposing sides in economic debates. Give us a break!
Especially economists in universities are paid off so don't think they are slightest bit independent. No, to find an economist that is not bought by politicals or comp orates, is just plain difficult.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
America Should Look At What Germany Has Done to Get Its Mind Set Sorted Out on Economic Policy
It's not through inefficiency that one grows an economy. America and Canada need to learn that lesson, tough as it may seem!
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Monday, 25 October 2010
Paul Krugman's Assessment of the Obama Chances Prior to the US Mid-term
Krugman as an economist, you would be foolish not to respect. He puts words into my mouth when he writes as well as this article:
http://www.nytimes.com/2010/10/25/opinion/25krugman.html?src=ISMR_AP_LO_MST_FB
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
What is Short Selling on the US Housing Market?
Short selling occurs when you sell your house to pay off part of the mortgage. the kicker is who you might sell to and your real motivation!
http://www.nytimes.com/2010/10/25/business/25short.html?_r=1&th&emc=th
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Windows Phone 7
According to a reviewer, the Microsoft platform has a very real chance of surprising us with something good. Will it's neat technology make you happy?
http://www.businessinsider.com/windows-phone-7-versus-iphone
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Why American Reform May Not Happen!
The rest of the world has often viewed American politics with disbelief. How can a country that claims to be progressive be so very backward in key issues. America seems to have become an inventor of mistakes, no, an innovator, which is more dangerous. It's not that America does not have great ideas, but that a democracy as large as America is doomed to fail in common sense if there is a large sector of companies that have non-democratic agendas, but non of the prevalent common sense.
In America, it's not the people who govern but moneyed interests and large business interests. Such people are interested in themselves. The mistake is to see America as any different from a chaotic result of mathematics at play where random results are not likely to occur so long as the machinery of politics favors those with money and influence.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
BP is Not All it Makes Itself Out to Be in it's Advertising
I guess this is to be expected from a large company?
http://www.guardian.co.uk/world/2010/oct/24/tea-party-climate-change-deniers?CMP=EMCGT_251010&
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Saturday, 23 October 2010
The Rush to Tablets is On
Do you own a tablet or iPad? If not, my guess is that by the end of 2011, you probably will, and it will have a home alongside your small camera and mobile phone each with their tiny bits to plug in and unplug. Confusing and choosing is the new world:
http://www.economist.com/blogs/babbage/2010/10/small_computers
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Test your browser against the next implementation of HTML
http://html5test.com/
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
What are the implications of ARM for Intel?
Has Apple already made up its mind?
http://www.businessinsider.com/apple-thinks-intels-new-lightweight-processors-suck-2010-10
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The Genuine Article and a Great Sketcher
View this blog:
http://drawingthemotmot.wordpress.com/
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The Importance of Being an Independent Blogger and there is Pepsigate
I make it pretty obvious that I am an independent blogger. That means that I have my own standards to adhere to. My writing is full of flaws and my logic is not air tight, but I am independent unlike some I know of who are paid by corporations to present a view. The Pepsigate controversy arose because of the lack of independence in a science blog world:
http://www.guardian.co.uk/science/blog/2010/jul/07/scienceblogs-blogging-pepsi
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Pepsigate
What is that I wonder? ::
http://scienceblogs.com/clock/2010/07/the_pepsigate_linkfest.php
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Does Anyone Read My Blog?
Well yes! If you are reading my blog, then you are reading my blog. This is despite me not promoting it.
However, read how the major writers fare:
http://scienceblogs.com/clock/2010/07/scienceblogs_and_me_and_the_ch.php
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
State of Fear
What are the real risks from climate change and should we be worried? Some say we should be agnostic to the idea that there is a real problem. In my view, the idea that we should ignore the very real possibility of climate change, however gradual, is rather naive and misguided. I welcome the efforts by scientists to explore what could be the biggest issue of our children's future. I am not afraid that it might mean crazy ideas, but I think all the silly ideas need to be placed on the table and examined. That Al Gore had the inclination to explore these issues is wonderful whether he supported a Democratic or Republican political viewpoint is immaterial. Everyone should be concerned and a not a little afraid as our ancestors were.
http://www.whoi.edu/page.do?pid=12455
MIT and Global Warming:
Woods Hole has it's own ideas:
http://www.whoi.edu/page.do?pid=7118
Read and learn:
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The Problem for America of a Weak Dollar and Credit Creation
It should not come as a surprise that the management of an exchange rate, international finance and monetary policy is a multiple edged sword.
A major issue is the ease with which US firms relocate production to China and the low cost labour sources around the globe. This is not a bad thing for China, nor India, nor the Tiger economies of Asia. It's a bad thing for American employment. How do you figure moving the US exchange rate down somehow slows this process? To my mind, the weakening dollar reflects too many dollars doing bugger all but available to US companies to relocate their production outside the US. In fact, credit creation by George Bush accelerating the flow of jobs outside of America by making it easy for US companies to finance relocation. Dah!
The dollar's weakness is not really an advantage to America because it allows for inefficiencies in the American economy to grow. Cheapening American goods only allows US firms to be more inefficient.
The weaker US exchange rate does not slow down American imports which are due to relatively higher incomes in America. Americans have a knack for buying rubbish so a rise in the cost of this rubbish won't slow down the influx. What would slow down the inflow would be a change in the mix of goods to higher quality. This is not encouraged by weak monetary policy.
The idea that exchange rates going up or down affects trade is an old one, but the problem is that the arguments frequently neglect the mix in the value of trade, or put another way, higher incomes in America and saving would result in a trading up of the composition of imports by America. The fact that America imports more rubbish despite a weakening of its currency means that incomes in America are declining. Imports are remaining high even as the dollar value falls. The exchange rate does little to offset the trade imbalance which reshapes itself into a different mix of goods.
The perverse process of economics means that a stronger dollar might get US companies in America to produce the rubbish that it's customers seem to thrive on.
In none-rubbish products, however, a stronger dollar would force US firms to be more efficient. The problem is then that they avoid that process by migrating their production to China. So how does the exchange rate impact anything? Well, perhaps the US could consume quality rather than rubbish.
All in all, the problem is weakness in American domestic economic policy that encourages Americans to consume rubbish from China rather than quality from America. Figure that one out!
I think that maybe the solution is to force a slowdown in the American economy through more expensive money. This would make it more difficult to finance relocation in China based on credit funded in America. Perhaps, the problem is that it is too easy to relocate production to China while there is so much credit available in America to make it easy to relocate.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
America Goes From Bad to Worse .. Now it is Blaming Others for a Bad Outcome when that is almost directly due to Policy at Home
Excessive credit creation is the problem and we all see it's effects in American moral decline. This is a decline into gutter fighting and hostility to moderation.
Yes! A dollar based international financial system is inadequate, but it was America that saw and forced the Euro rise in value from well under a dollar to well over a dollar where it now stands, possibly as much as 60 percent decline on occasion. The financial institutions gambled away our children's future. It was America and Britain living well beyond their means that sucked in resources and acquired resources in an aggressive bid for world economic power by their largest financial firms.
A country that can't get it's act together on credit creation for wasteful development of it's property sector should not go around pointing it's finger at everyone else and say they are to blame. No, America, the buck stops with you. Your system is to blame for the present US and world crisis and more credit creation is not the solution. The American dollar printing press is not the answer.
http://online.wsj.com/article/SB10001424052702303738504575567431511483738.html?mod=djemTEW_h
The answer is more discipline for the US dollar within a new international currency system based on a new IMF SDR mechanism in which credit creation for me sake of economic and political warfare and dominance is not rewarded. Yes, American, you have been fighting a war and there is a bill because you have not been victorious. That may be a shame, but it does not mean that you can acquire the assets of other countries with impunity just because your banks and financial institutions and derived monster companies gamble with those dollars your economy has created and cannot sustain. The dollar is weak because it is being used maliciously.
Under such a new international system all countries would be required to exercise discipline and the industrial countries would not be able to spend their way, gamble, their way further and further into debt the way Gordon Brown and the administration of George Bush did.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Friday, 22 October 2010
Why Reforms in America are Very Expensive and Slow
Ever wonder who opposes legislation for business reforms in America? Those in established positions have the money to oppose legislation that would get the ducks in line for effective competition. It's not surprising that occasionally the US seems so far behind the ball on matters of vital concern to the rest of the world. Rich minorities rule through financing opposition campaigns.
From The New York Times:
Top Companies Aid Chamber of Commerce in Policy Fights
The U.S. Chamber of Commerce, a leading force against President Obama, has seen sizable donations from top corporations including Dow Chemical and Goldman Sachs.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The Nature of Memory - She is Changing
Gone soon will be the days of the hard drive!
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Thursday, 21 October 2010
What Do People Say About the iPad?
They rave about it!
http://www.businessinsider.com/ipad-100-day-review-2010-8
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Partial Costing of Help to Banks Omits Many Costs
I would like to see a full costing and who benefits from this massive infusion of money:
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
I met a man on Portabello Road who was concerned about cruelty to animals in large farms
He referred to American farming methods that were arriving in Britain on the wave of credit creation designed to promote jobs in America.
Does Obama's money mean monster farms in Britain one might ask? Is a farm of 8,000 plus cattle financed in US dollar credit seem right to you?
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Micosoft's Catch up Operating System for Smart Phones Doesn't Appear to Catch Up
In typical Microsoft fashion, it's operating system for smart phones appears to have major deficiencies that don't quite get you there, but require an update later on. Some of these deficiencies are major, at least for me.
The weaknesses in the Microsoft strategy to meet the challenges of the new age in computing reflect the problems of any overgrown organization languishing in the world of it's past successes, which incidentally we have all suffered through.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Is the Banking Systems Penchant for Credit Creation Responsible for an Excessive Decline in Competition?
Normally, the question is put that credit creation promotes competition. Because it allows new entrants to have access to credit and so finance innovation.
Put another way, however, that banking systems allowing hedge funds to determine which innovators succeed may not be the best way to promote effective competition.
As regards the economics, one of the major weaknesses in Keynes General Theory was that it failed miserably on the question of innovation. Schumpeter's theory of innovation and business cycles equally failed miserably on the question of credit and banking within a managed economy that has an effective central bank.
Today, economics as a field and central banking as a subset of this field has failed miserably to understand the complex processes of growth, innovation, competition and inflation.
It is no good governments or central banks throwing more credit into a system or doing what is called financial easing. This process of reflation does not help create jobs, nor improve the chances of innovation, nor reduce the risks of inflation. What it does do is take the politicians off the hook. It seems like a solution, but it is a pipe dream of weakly understood economics. We are thrown into a destructive world of economics that the political do not really understand and follow accounting conventions rather than the economics of business cycles under the unsound influence of central bank credit creation weakly understood.
The economic policies during the past decade of Gordon Brown, the Bank of England, and the Federal Reserve Bank were seen in hindsight to have been massively destructive. Rather than money going into job creation money went into the most destructive aspects of capital financing, over-investment in the business of speculation in property and stocks, highly suspect hedge operations that reduced effective competition and forced the closure and relocation of real economic activity much sooner than it would have occurred.
The reality is that credit creation and lax competitive policy spawned by poor understanding of risk financing can accelerate all the negative aspects of an economy at the expense of jobs and security. We see it with the ownership and fortunes of Manchester United football club and Harrods. Do we have to watch the economy micro-self destruct over and over again?
http://online.wsj.com/article/SB10001424052702304023804575565712776857050.html?mod=djemalertDEALS
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The World has Changed - The Challenges of Population Growth and Risk Taking
The world in effect has become much busier and we have become busier. People are more actively engaged as a whole whether peacefully or not.
In addition, we are communicating more and more through travel and for want of a better words, what I would call interpersonal presentations: talking, writing, painting, fighting, and a multitude of interpersonal behaviors, such as smiling, chatting, laughing, stroking, dancing, bumping, viewing, touching and so on.
The number of medias for communication has grown rapidly as has our incentive to communicate.
To enable us to be busier, our per capital incomes have also grown, nevertheless, there are enormous gaps between what the fortunate are enjoying compared with the unfortunate.
Our business is directly related to the access that we have to incomes and credit directly and indirectly. The influence of banks has grown in our lives both directly and indirectly.
The world because it is busier has a more direct dependency on banking as an institution. Thus, it is ultra important that we make sure our banking institutions are sound and our deposits with banks are both secure and valued.
The key word here is valued.
One of the big problems the world faces is the undervaluation of deposits. This happens when the amount of credit has grown too rapidly relative to our joint busy ness or business. When credit grows too rapidly business rather than growing slows down. The reason is because too much credit leads to lower valuation of savings, and lower valuation of savings leads to unproductive and wasteful investment or to ballooning of the valuation of goods relative to money.
This running away from the appropriate valuation of money is our major problem. It happens because credit growth in the past has been too rapid and as a result money has lost it's value and people buy stuff instead of money, and the stuff they buy is not real stuff but imaginary stuff, dreams that cannot be fulfilled.
Gambling is a direct result of the loss of value of money. When people decide to gamble they are taking a risk based on an imaginary payoff and winning more money. The money they already have is devalued to the point that the imaginary wealth arising from the dream of winning is more important than the building of sound deposits in a bank.
What has happened is the lower valuation of saving relative to gambling. It's not that risk taking per se is something we should not do, but risk taking is destructive if it is not based on an appropriate valuation of the odds. The problem is compounded when the mathematics of risk taking bear no relation to the taking of the risk and the risk taking is just a bad habit.
Habitual risk taking is not healthy and is destructive in a world where people are already struggling to make ends meet.
http://www.ted.com/talks/hans_rosling_on_global_population_growth.html
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Wednesday, 20 October 2010
High Capacity High Speed Memory and the Canon PowerShot SX30 Technologies
The new specification has Blu Ray level memory ...
Here are some pointers to the memory....:
http://www.picstop.co.uk/memory-cards/sdxc-memory-card
Here are some pointers to the new Canon Camera....:
http://www.canon.co.uk/Images/PowerShot_SX30_IS_Press_Release-v1_0_tcm14-779253.pdf
http://www.canon.co.uk/Images/PowerShot_SX30_IS_Specification_Sheet-v1_0_tcm14-779254.pdf
http://www.canon.co.uk/Images/PowerShot_SX30_IS_Technologies_Explained-v1_0_tcm14-779255.pdf
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
New Memory Cards SDXC up to 2 Terrabyte for new Canon Camera SX30 IS
Thinking of low priced memory cards for your new digital camera that supports the SDXC standard such as the new Canon SX30:
Camera ....
http://www.canon.co.uk/Images/PowerShot_SX30_IS_Technologies_Explained-v1_0_tcm14-779255.pdf
Memory cards ....
http://www.lowpricememory.co.uk/sdxc-memory-cards-c-48
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Tuesday, 19 October 2010
Investing in America is Good for Business
Check it out:
http://www.eetimes.com/electronics-news/4209734/Intel-confirms-new-Oregon-R-D-fab
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Peace on the stock market won't come out of doubtful policy
Think as you are reading this!
http://online.wsj.com/article/SB10001424052702304510704575561732291300398.html?mod=djemTEW_h
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
A man and his dog
Ever receive this email?
http://www.naute.com/stories/mananddog.phtml
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Article: Shooting for the Sun. - innovation is Never Easy and Sometimes Really Difficult
We need solar energy desperately and look what it takes:
Shooting for the Sun
http://www.theatlantic.com/magazine/print/2010/11/shooting-for-the-sun/8268/
(via Instapaper)
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Article: Since Dick Cheney Shot Him, Harry Whittington's Aim Has Been to Move On
Since Dick Cheney Shot Him, Harry Whittington's Aim Has Been to Move On
http://www.washingtonpost.com/wp-dyn/content/article/2010/10/13/AR2010101307173_pf.html
(via Instapaper)
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The Apple Challenge to Google
Steven Jobs took off his gloves in presenting the challenge of operating systems for loyal followings of developers. For the moment, and it may be brief, Apple is moving ahead of the pack and it's developers are taking note. Confidence is presently with the Apple hardware which has shown it can push the envelope and create an innovation led revolution in social change worldwide. It's up to google to respond effectively:
http://voices.washingtonpost.com/posttech/2010/10/apple_ceo_steve_jobs_see_were.html?wpisrc=nl_tech
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Don't buy your iPad in Switzerland!
This index from the Economist shows how out of line the Swiss price is compared to other European countries and yet cheaper than the UK and Germany because of the sales tax. USA price is pretty good and perhaps you can get one from Hong Kong?
http://www.economist.com/node/17295600
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
New Zealand has Second Earthquake in Christchurch Area
The latest quake appears centered just southwest of the city near Prebbleton and measuring a magnitude of 4.7.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
IMF Signals Possible Return to Controls Across Exchanges
When you know American and european financial policy will be lax, what is the alternative but to build up walls against it?
http://online.wsj.com/article/SB10001424052702303496104575559991011808002.html?mod=djemITPE_h
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Monday, 18 October 2010
The Ubiquitous Nature of Time and the Perplexing Nature of Light
How does one travel through time?
Well, how does one travel anywhere? One needs a medium for any travel. Walking across a room doesn't seem like much, but it is rather extraordinary. To do it one must manipulate within what is called space. Perhaps, you don't manipulate within, but rather, manipulate what is space.
Did you ever consider that space is a translation of yourself, a translation permitted under the rules of the medium, fermions that we call space and which are manipulated by forces that we recognize as energy. What if space is moving and energy is constant within space? What if light energy is the force of something remaining still while all around it is moving? Does light move in time?
Space and time move, and because space creates time, it is space that is moving.
In my view, in my humble opinion, light does not move.
It is revealed as existing in space where space allows it to appear. You see light when you take the cloud of space away. Use light to travel through space and all is possible across all time and space!
What do you think? Are you in another dimension of understanding?
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Top European Blogs
More to choose from:
http://www.wikio.co.uk/blogs/top/general
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Are You Concerned About Your Information on Facebook? Alternatives?
Perhaps, this might work for those new to the web!
http://e-blogs.wikio.co.uk/internet-giant-facebook-creates-a-diaspora
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Fwd: Summer reading: discover European blogs!
Do you blog
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Begin forwarded message:
From: Laurent Delpit <laurent.delpit@wikio.com>
Date: 22 July 2010 11:27:26 GMT+01:00
To: ipadsketch@gmail.com
Subject: Summer reading: discover European blogs!
Reply-To: Laurent Delpit <laurent.delpit@wikio.com>
In July and August, British blogs are often on vacation or update less frequently... Why don't you take this opportunity to discover bloggers from Continental Europe?
At Wikio, a team of editors and translators have launched Eblogs, the European review of blogs, powered by Wikio. Every day, we select the best posts from 5 different countries - France, Germany, Italy, Spain and Great-Britain - and we translate them into 5 languages (French, German, Italian, Spanish, English).
Among the latest articles published, you may enjoy:
- Is Diaspora the next rival to internet giant Facebook?
- Italy: hands off the Nutella!
British bloggers listed in the Wikio Top 1000 bloggers list in each country can apply to be translated and published on our five sites. If you have not yet been contacted and if you're interested, send us a message ! You can also help us improve translations. If you spot an error, do not hesitate to report it.
Feel free to send us comments, suggestions, and your opinion at large!
See you on E-blogs!
Laurent Delpit,
Editor, E-Blogs UK
By the way, do you Twitter? I do @ EblogsUKIf you would like no longer to receive emails from Wikio, please click here.
Who is Guy Watts the Line Artist?
Yesterday, Guy Watts, a line artist, was selling his fine art work on the street in the English city of Bath. Yes, Bath! It was a beautiful sunny afternoon, a bit of chill in the air, crisp, sharp and very much like Guy's line art.
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Friday, 15 October 2010
The Bad Example of American Economic Policies
America needs to make a more determined effort to control the excessive spending within it's borders and the stupid run away from saving and prudence. More money did not pave the way for success in Viet Nam and it won't pave the way for those suffering at the hand of excess and misguided economic policies.
For many decades US economist have preached restraint and paying ones way, but when the crunch came to follow that policy themselves they have entered the world of the 1930's with beggar thy neighbour policies and arguing about what other countries are doing because America has caused yet another economic crisis and looked the other way. How many economic crises do the lax procedures of US economics need to spawn.
The bitter exchanges with China should warn us all of a very harsh solution to the present economic crisis which is compounding into the major calamity it once promised to be because America is sucking away all the resources of others in order to save it's own skin. Does it not see where these policies will lead?
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Thursday, 14 October 2010
ARM ... A Good Platform for a Microsoft Pad
Some think it would be a good idea for Windows 8 to move in that direction:
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Obama: Homosexuality is not a choice
Obviously, this is a difficult stand to take, but I am convinced Obama is right on this one. The question is why some people are so against homosexuality and discriminate aggressively. We need to develop tolerance and keep open potentials for people with minority attributes:
http://rss.cnn.com/~r/rss/cnn_politicalticker/~3/UaXNbhOOxz4/
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Most Agree Canada's International Attitude Sucks ... I think mining companies don't help!
Is it Harper or is it international mining companies with the Canadian tag and whose record in labour relations, the environment and fair trade is somewhat appalling!? Why is Canada's reputation now shaped by people setting such a negative international example in so many areas? Think Canada, then try to understand the deficiencies of the behaviours of some industrial and political leaders!
http://www.economist.com/node/17254504
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
What is in the Canadian Public Domain by way of Photos?
Have a look at this chart:
http://www.creativecommons.ca/blog/wp-content/uploads/2008/04/pdregistryca-pd_flowchart.pdf
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
What is ARM? Ever Wonder What Computer Goes Into Your iPad, Cell Phone, or Smart Surface?
Electronic engineers have webinars to educate producers and electronic component designers in the intricacies of ARM and other technologies:
http://www.eetimes.com/electrical-engineers/education-training/webinars/4204577/Early-access-to-ARM-Core-Technology-with-Fast-Models-from-ARM
You would be surprised how many companies derive a history with ARM technologies. An outcome is that we can all expect faster and more sophisticated iPads and other communication / computing gadgets! Have a look:
http://en.wikipedia.org/wiki/ARM_architecture#Apple.2C_DEC.2C_Intel:_ARM6.2C_StrongARM.2C_XScale
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
You would be surprised how many companies derive a history with ARM technologies. An outcome is that we can all expect faster and more sophisticated iPads and other communication / computing gadgets! Have a look:
http://en.wikipedia.org/wiki/ARM_architecture#Apple.2C_DEC.2C_Intel:_ARM6.2C_StrongARM.2C_XScale
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Politics and Election Promises
When you vote for someone and they win, the temptation is to think that because your person is the winner, the policy promises of that winner will be kept. That is a very naive assumption, and betrays a weak understanding of what politics is all about.
Even in the most favourable of circumstances the fact that your person is winner only increases the probability that movement will be made towards implementing the promised policy.
What people tend to forget is that an election is only one of the many obstacles in the process of implementing policy even if then promise is well intended. The problem with politics is that people make promises they can't keep. This happens for many reasons, but one should always ask the question of a politician in Bayesian terms. You will keep this promise under what conditions? What will you do if you for example your budget has to be trimmed?
The real problems can occur when politicians try to keep promises only to make matters worse, for example in giving free tuition only to have other matters under-financed. In the other words when you take into account the generality of political life consider your winner as only upping the chances of promises being fulfilled. Even when there is will, sadly, there may not be a way.
Example of UK Labour promises not being kept:
Broken savings plan promises in Canada:
http://marshallplan.ca/comments8.html
The shambles of African politics produce many broken election promises:
http://www.finalcall.com/artman/publish/article_6541.shtml
The extreme expectations of American politics following the Obama win:
http://www.wnd.com/?pageId=91286
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
Male humour!
Is there such a thing as male humour? Well, there is a humour that men understand and fidget about because they are affected by it's logic more than women. Read and understand:
http://dubitoergo.blogspot.com/2010/09/meme-debunking-3-wash-your-damn-hands.html
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
The Tragedy of the Drought in Syria
My wonderful farmland is now all desert.
The above is a stark statement that many farmers in Syria are making following years of deadly drought that has decimated enormous areas of once productive farm lands.
http://www.nytimes.com/2010/10/14/world/middleeast/14syria.html
Learn more about Syria
http://www.everyculture.com/Sa-Th/Syria.html
http://geography.howstuffworks.com/middle-east/geography-of-syria.htm/printable
There is a need to maintain and collect varieties of wheat so as to protect the source of future wheats that can be grown and to improve stocks and strains of wheat:
http://www.fao.org/docrep/006/y4011e/y4011e08.htm
Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.
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