Being a wife to become illegal

Theresa May is expected to unveil plans to make psychological and emotional abuse a criminal offence with a lengthy prison term, according to reports.

The new law on domestic violence would make it illegal for someone to exercise ‘coercive control’ over their partner.

The proposals, which could find those guilty facing a maximum 14 years in prison, will be unveiled by the Government this week.

Given that the way wives train husbands is through coercive control (that 100% control of nookie helps here) this makes all wives seemingly subject to 14 years in pokey.

Seems a bit extreme if you ask me. After all, we’ve still got divorce for those men that don’t like it.

I get quoted in the New York Times. Sigh

It’s lovely to be noted of course. Rather less lovely to be misunderstood:

One common claim is that the wealthy routinely violate the economist’s law of demand. A bedrock principle of economic rationality, this law holds that as the price of a good rises, consumers buy less of it. Many analysts, however, portray the rich as people who lust after what are known as “Veblen goods” — commodities whose sales actually increase when their prices rise.

Er, no. A Veblen Good is something that is more desirable because it is expensive. A $1,00 raincoat insists that you are the sort of person who can afford a $1,000 raincoat. It is conspicuous consumption, showing that one is alpha.

However, this doesn’t mean that sales actually increase as price does. A good whose sales increase as price does is a Giffen Good. Long thought to be a mythical creature they’ve now been identified. Rice in South China, wheat noodles in North China (and perhaps potatoes in 18th century Ireland etc). A seriously basic foodstuff, the staff of life (and possibly bread in 18th cent England as well, etc). When you’re only getting 3,000 calories a day and spending 70% of your income to get it, that staff of life rises in price. So, you drop other expenditure (say, that 10% you’ve been spending on the occasional piece of bacon) in order to buy more of the staff of life to continue getting your 3,000 calories a day.

Veblen and Giffen goods are different things. It is, of course, theoretically possible for the former to be one of the latter but it’s most, most, unlikely.

You what?

Mr Farage was revelling in his success in the Rochester and Strood by-election, and waved a £50 note to buy a plate of sandwiches for journalists and activists in a pub in rural Kent.

Blimey, is Nigel feeling well?

(Bit of an inside joke this)

Well, err, yes, I suppose so

A married Church of England priest has lost his job and is being evicted from his home after having an affair with a parishioner.

The Rev Stephen Vincent, 40, said his family had been left “on the brink” after his removal from office as a result of a relationship with a woman he had been asked to mentor.

Copper goes stealing, he loses his job. Spy reveals secrets he loses his job. Man preaching sanctimony of marriage shags around loses his job.

All seems fair enough really.

Timmy elsewhere

At The Register.

One of the little joys of writing for El Reg is the constant straining at the envelope. Will the subs let me get away with this phrase?

A few weeks back it was “the best thing since your inlaws discovered dogging” that made it through. Today it’s:

I often wonder why it is that people bother publishing “research” papers that are obviously incorrect. Is it that they’re getting paid to spout bollocks? Or, is there some thought that we’re all too stupid to realise that they’re teabagging great big hairy ones at us?

It’s not perfect, I agree, but there’s a joy at being able to get something like that into print.

Hasn’t the world changed?

Policeman who was named Mr Gay UK is facing the sack after headbutting a man in the toilets of a nightclub

In my youth I think police used to have lessons in how to successfully nut someone. And entering a beauty contest, let alone a gay one (and at the time of my birth, even gay sex itself was illegal and therefore something a policeman could be fired for) would have been something thought incompatible with being an officer.

Hasn’t the world become a better place?

Big breasts? Then you’re a big SPENDER

Amazing what the Mail can tell us, isn’t it?

Women with bra sizes larger than a B are more likely to be shopaholics

This is Chinese data. And two explanations come to mind. The younger and slimmer lady is also likely to have less income to spend.

Or, of course, the big spenders have already gone out and bought themselves a pair of big tits.

What?

All lists are crude cultural fascism

In The Guardian. In a restaurant review.

The idiocy from the cultural studies departments has sunk deep into our society, hasn’t it? Srsly? It’s cultural fascism to make a shopping list these days? A list of things to do? A bucket list?

The latest report from the High Pay Centre

It’s got some doozies in it:

In fact, this is wrong in every
particular. In law, managers aren’t
employees of shareholders, who
don’t own the business. Firms are
separate legal entities that own
themselves, employ directors
and executives, and to whom the
latter owe fiduciary duty.

Firms own themselves? Umm, I think that’s one of the things that we actually ban them from doing, isn’t it?

On pages 14 and 15 they make the usual idiot comparison between company turnover and GDP of a country. No, sorry folks, this is flat out wrong. You need to compare corporate profit plus the wage bill to GDP in a country. Both are measures of value add: and you’re idiots to get this wrong.

Ritchie is involved, of course, and he might be sailing a little close to the wind here:

The evidence of capture is, then
quite strong. That evidence
continues when it comes to
the creation of tax policy. Take
as an example, the creation of
the General Anti-Abuse Rule,
passed last year. The panel of
people advising were all from
big business bar me, as one
of the major proponents of the
idea, and a representative from
Save the Children, to reflect civil
engagement on this issue. The
other nine were from big business,
or large firms of lawyers and
accountants, and most support
staff to that panel were seconded
from the Big 4 firms of accountants
or lawyers. We wrote most of the
guidance on that Rule. HMRC did
not. Capture looked very complete
to me.
And what was the outcome? An
anti-abuse rule (not even, I stress,
an anti-avoidance rule) where the
effective permission of a panel of
tax experts drawn from the ranks
of private sector tax specialists
was required before HMRC
could pursue a case. Capture
was complete.

How shtum is he supposed to be here?

Ritchie on Quindell and short selling

As the FT says, this very obviously raises concerns about the effectiveness of new European rules aimed at forcing disclosure of those who are shorting markets.

But the reality is that what this really proves is exactly why we need publicly accessible registers of the beneficial ownership of all companies around the world, including in the Cayman Islands, who are holding out against them. This activity distorted markets. It undermined fair competition. The outcome is widely considered by many to be harmful. And none of it would have been possible if there had been an open and level playing field on which all operated, including basic data on who was undertaking trades, which is the pre-requisite of fair competition.

Harmful? Investors prick an investment bubble? An over-hyped and highly likely to go bust very soon bubble? This is harmful, distorts markets? Undermines fair competition?

Blimey.

It’s almost as if Robert Shiller didn’t get his Nobel for in part pointing out that it’s the very ability to bet short that helps to prick investment bubbles, isn’t it?

Is there any beginning to this man’s knowledge of economics?

Blimey

And he’s still alive?

Drunk driver 12 times over limit: Motorist held by Bedfordshire police is drunkest caught this year

….
Freedom of Information request to Britain’s 44 police forces which revealed that the driver who had consumed the most alcohol this year was more than 12 times over the limit. Bedfordshire Police said the motorist had a reading of 423mg of alcohol per 100ml of breath – 388mg over the 35mg legal limit.

But hang on a minute: the limit is 80 isn’t it?

Snigger

Ed Miliband has sacked a Labour front-bencher after she was accused of holding working-class voters in “contempt” by appearing to mock a family’s terrace home draped in England flags.

Labour was plunged into crisis on the day of a by-election in Rochester and Strood after Emily Thornberry, the shadow attorney general, tweeted an image of the home accompanied by the caption “image from #Rochester”.

Mrs Thornberry, who lives in a £3 million home in Islington, North London,

Slightly Daily Mail of them, that mention of the property and the price, but it does nicely get the point over, doesn’t it?

Rich Islingtonista doesn’t understand the country outside the metropolitan borders…..