Headline at CiF:
Republicans in the US Senate are prepared to use all its powers to block a resurgence of liberalism
The only problem with this is that no one, no one at all in the US Senate, is actually proposing anything liberal. You\’ve got cultural Statists on one side and economic Statists on the other. There are no liberals there.
At the ASI. The loonie, Helms Burton and $250,000 fines.
Horrible, absolutely disgraceful, don\’t you think?
A generation of men and women are struggling to care for children, grandchildren, ailing parents and hold down a job at the same time, according to a new report.
It\’s all the fault of this liberal capitalism thing you know. No, really, it is, another thing that can be put at the feet of the disgusting scramble for profit, a result of the devil take the hindmost, what\’s in it for me. way that our society is organised.
For the first time in history, people are regularly living long enough to see their great grandchildren. And people are complaining?
Gordon Brown received his most enthusiastic applause before he had spoken.
We will send out a clear message that drugs are never going to be decriminalised
Well, yes you did Jackie Laddie:
The Justice Minister, Jack Straw, became the most senior Labour minister last night to speak out against the decriminalisation of cannabis.
He told Channel Four News that he was against downgrading it to a class C drug.
"I was always against it, let me say, I can disclose this now, reducing the categorisation of cannabis from B to C, I thought that was an error," he said.
The only sensible or moral thing anyone could do with this, as with other drugs, is some form of controlled legalization. There\’s that moral point, which is that the only justification for limiting a person\’s freedom is to limit harm to others: harm to him is not such a justification. Sensible comes in because the harms that are caused by drugs are, if not solely caused by their illegality, most certainly amplified by it. But Jack says he wants to put cannabis back up to a Class B drug, with a possible 5 year jail sentence for possession. Why?
"Why I want to upgrade cannabis and make it more a drug that people worry about is that we don\’t want to send out a message – just like with alcohol – to teenagers that we accept these things."
It\’s certainly an interesting message to send to teenagers: we\’re blithering idiots with no concept of freedom or liberty and we\’ll make law according to ill found prejudice, not any cost benefit analysis nor attention to facts.
As I\’ve pointed out earlier, the recorded rise in psychosis from the stronger versions of cannabis (and there\’s a great deal of doubt about whether this figure is well founded, but it is the one everyone is using) is some 450 cases a year. Depending upon who you believe there are some 2-8 million regular cannabis users in the country. So upgrading to Class B is in effect threatening 20 million man years of jail time to prevent 450 cases a year of psychosis. It is to laugh.
Branching out as it were.
At Anorak and at Kerching.
Two at The Business.
Killing politicians and special interest groups and climate change.
The Great Compression is the extreme fall in income inequality that happened in the late 1930s, early 1940s in the US. The one that has largely reversed in recent decades (although I would prefer it if the people complaining about said reversal were willing to note that the earlier inequality was driven by returns to financial capital and the current by returns to human capital). Various explanations for all of this are put forward but I have to admit that I like Tyler Cowen\’s:
Crush the incomes at the top and then make the fat cats pay much higher wages to protect the world and become a superpower. Impose wage and price controls as well. See how long it takes before these distributional effects — which don\’t exactly match the distribution of economic talent– reverse themselves in the aggregate.
No, really, she\’s actually managed to make contact with the same planet the rest of us live on:
No, Brown is much too savvy a politician; he\’s been wary of going anywhere near this most difficult of public debates. Yet in a poll in the summer, voters put reducing immigration as the task they most wanted the new prime minister to tackle, well ahead of health or education. He may dodge the issue today, but at some point Brown has to get stuck into how you persuade the voters that: a) migrants bring economic benefits – indeed, parts of our economy would collapse without them; b) rapid migration is not a cost-free option; and c) it\’s worth paying for.
What is the world coming too when we\’ve got good sense from the Mahdi in The Guardian?
An interesting little story here about the "fight" to get agency workers the same rights and privileges as permanent staff.
Deborah French who worked in the slicing hall for 19 years packing bacon for Tesco and M&S is now joining her two sisters who were made redundant in that last round. One of them has not worked since. What galled her was being asked to train the agency workers who had replaced them. "This affects so many people\’s lives, so many husbands and wives and cousins and children worked in the company. It\’s the economy round here."
These are the kind of workers at the heart of a campaign being fought by unions determined to make equal rights for agency workers one of the issues of this week\’s Labour party conference. They will attack the government for failing to support a measure they say is vital to protect local and migrant workers and to stop a growing racial backlash.
Danny thinks he lost his job because there are people from other countries willing to take less pay. "The companies are just bringing in cheap labour from abroad. Migrants want a better life and good luck to them, but it\’s bringing down our way of life. If you are an unskilled English person like me you are not going to get the jobs when unskilled foreigners are cheaper."
Of course, we know this is what it\’s all about: it\’s not about upgrading the rights of the temporary workers so as to protect them. It\’s about upgrading said rights to make them more expensive, so that they will no longer be able to compete withhte indigenous labour who are the actual union members. As I say, we know this, it\’s just odd to see it being stated so baldly.
To repeat, and remember this next time some union drone goes on about it, this isn\’t about protecting the rights of migrant or agency workers. It\’s a protectionist measure to deny them jobs.
It\’s back. Yes, today the 2007 Labour Party Conference begins in earnest.
Have we had a 2007 Labour Party Conferrence before then?
The panic has been stabilised for the moment by the de facto nationalisation of Northern Rock and the promise to guarantee the value of deposits. It will be important to ensure that this guarantee does not become a crooks\’ charter in which any dodgy bank will be able to lure in depositors with attractive interest rates, expand rapidly using Northern Rock\’s business model and then call in the Government when it hits trouble.
Well, yes, that\’s the moral hazard part of it all, isn\’t it. By making xertain behaviours less risky you make them more likely.
The FSA also has much to answer for. It beggars belief that it failed to see any connection between Northern Rock\’s reliance on financial markets, rather than customers\’ deposits, and its frantic expansion into new mortgage lending with ridiculous multiples of incomes and loan-to-value ratios.
Well, those loans haven\’t actually gone wrong (yet!) so we\’ve no evidence that they were a bad idea. But yes, the FSA does seem to have been asleep at the wheel. They\’ve only been responsible since 2004 mind, so it might be that the system cooked up by El Gordo wasn\’t actually fit for purpose.
But the Government should not be allowed off the hook. Eddie George warned what could happen if the Bank\’s responsibility for systemic stability was separated from day-to-day banking supervision. Gordon Brown ignored him. When I asked who was responsible for the dangerous bubble in the housing market against which new mortgages are secured, I was told a tripartite committee. No one was in charge.
Quite so. This little dig is also worth savouring:
David Cameron\’s claim to have anticipated the personal debt problem didn\’t persuade even his supporters. Economic policy is not a branch of the public relations industry.
He thought inside the box.
I don\’t watch any TV really, (apart from the rugby) and my Portuguese isn\’t up to scratch either.
first there was "morangos com caca" full of pathetic attempts at being radical (i.e. bad haircuts and abortions).
But is there really a Portuguese TV show called "strawberrys with shit"?
Quite excellent this. Amanda Marcotte rips off a rant:
Eric can’t understand why Susie Bright is on the left, and his reasoning seems to be that a) all he knows about Susie is she seems to know her way around a cock as do a lot of liberal chicks b) which is really unfair and nice wingnut guys like him deserve a little of the cock-touching action but all the sluts are on the left. Is it really too much to ask to have a girl and a couple of her bisexual friends tag team you before heading to the polls to vote for a ban on abortion and an end to comprehensive sex education and legal discrimination against those of them who might be leaning on the lesbian side of bisexual? Why on earth do the sex-loving ladies seem to think these things are at odds with each other?
Doubt that would excite Eric much actually.
Of course, the real world debate over women’s sexual freedom doesn’t even enter into Eric’s radar.
Well, not really his thing I agree.
He does extend his defense to prostitution and gay sex, but not gay people—he doesn’t rouse himself to defend gay marriage or fight against discrimination, leaving room for horrible laws affecting gay people while allowing straight-identified people to enjoy same sex couplings, a la Larry Craig or the imaginary bisexual free spirits who hate legal abortion.
Err, Eric is in fact a defender of gay people, although it\’s true he\’s against gay marriage.
Because the “leave people alone” philosophy, aka “libertarianism”, is a lie told to sucker stupid people into believing there’s something progressive about a neo-feudalist society. That has been Simple Answers To Stupid Questions You Should Have Asked.
What makes this all so amusing is that Eric, the one being shouted at here, is in fact gay. Possibly a Stupid Question that Should Have Been Asked?
This is how it\’s done folks.
Think of all those lovely decisions that El Gordo wants to take using citizen juries. This is how they will all work.
Good, at least this idea is going to be properly looked at:
Scientists are considering a plan to combat climate change by dumping millions of tons of iron into the ocean to alter its chemical make-up.
They believe the iron could act as a “fertiliser”, promoting the growth of tons of plankton that would soak up carbon dioxide from the surrounding sea water. When the plankton died, their bodies would sink into the deepest waters and sediments, where the carbon would be locked up indefinitely.
The theory, known as “ocean fertilisation”, has long caused controversy among marine scientists, many of whom doubted that it could work. This week leading researchers will meet at the Woods Hole Oceanographic Institution in Massachusetts for a scientific conference to discuss the idea.
The last time I ran through the numbers on this I think I came up with a figure of a few cents per tonne of CO2 removed: that, of course, on the assumption that it actually works. Actually having a scientific meeting to discuss it is a great idea. For, at present, we\’ve got two highly partisan sides:
Russ George, chief executive of Planktos, said adding a single ton of iron could remove as much as 100,000 tons of dissolved CO2 from the oceans.
Russ is running a company which would dearly love to be allowed to get going, to sell the offsets and also, attract more investors.
Dr David Santillo, a senior scientist at the Greenpeace research laboratories at Exeter University, said iron fertilisation was a foolish idea.
David doesn\’t want there to be a solution to climate change that doesn\’t involve a radical change in society.
While my instinctive sympathies are with Russ (good to see a man trying to make a buck) I do think it would be a good idea to actually study the evidence and find out whether it actually works. Which is, I assume, what the meeting of scientists is all about.