I wonder, I wonder

I seriously doubt it’s going to happen but what if Melenchon and Le Pen are the two that make it to the second round?

Would be rather cat among the pigeons, wouldn’t it?

“Never forget the French are a people who cut off heads. We did this. Literally,”

The terror, eh, the terror

The EU is set to inflict a double humiliation on Theresa May, stripping Britain of its European agencies within weeks, while formally rejecting the prime minister’s calls for early trade talks.

We leave an international bureaucracy and that means the international bureaucrats leave us?

Horrors, eh, the very terror of it.

They’re not thinking this through, are they?

A new diesel car scrappage scheme will be targeted at the most polluted areas under plans being considered by ministers, The Sunday Telegraph can disclose.

Car owners will only be able to qualify for cash to scrap their diesel vehicles if they are old enough and registered at an address where air pollution is already at dangerous levels.

Because it’s not where the car lives that’s the problem, it’s where it is driven. And poor areas tend to be where lots of cars a driven a lot….not because we all go touring for poverty porn but because areas with masses of traffic are less desirable and thus cheaper.

How quaint

Australia’s two largest legacy media organisations recently announced big cuts to their journalistic staff. Many editorial positions, perhaps up to 120, will disappear at Fairfax Media, publisher of The Age and The Sydney Morning Herald, and News Corporation announced the sacking of most of its photographers and editorial production staff.

Both announcements were accompanied by corporate spin voicing a continuing commitment to quality journalism. Nobody in the know believes it. This is the latest local lurch in a crisis that is engulfing journalism worldwide.

Now, partly thanks to Donald Trump, many more people are turning their mind to the future of news, including “fake” news and its opposite.

How, in the future, are we to know the difference between truth, myth and lies?

Hands up everyone who sought the truth in either Murdoch or Fairfax titles….

The actual reason the papers are full of this shit is that this time around it’s the jobs of the people who write the papers on the block.

Out bidding Spud

Shadow chancellor John McDonnell said if Labour wins the next general election it would “close the loopholes through which large corporations swindle the public”. He said the “tax gap” between what companies should be paying and what is actually received by the exchequer amounts to some £36bn.

Where in buggery does that number come from? That’s even larger than Spud’s fantasy about corporation tax receipts.

But wouldn’t it be fun if such returns were published? For the past? We’d see that there was no Vodafone bill nor deal, Starbucks, Boots, none of them did anything even odd.

Twats they are again

A leading thinktank has urged the government to spend billions of pounds helping poorly skilled workers in the less prosperous parts of the UK cope with the threat of the looming robot revolution.

The left-leaning Institute for Public Policy Research (IPPR) said in a new report that those most at risk from automation were concentrated in low-skill sectors of the economy and were least able to adapt to change.

More than 10m jobs in the UK – a third of the total – are thought to be at risk from automation within the next two decades and the IPPR said the scale of the challenge required urgent action.

Some 10% of all jobs are destroyed every year and then recreated. There#s a technology shift in each such change.

10 million gone in 20 years is is less than the 60 million change we expect anyway.

Isn’t this lovey

Even once diagnosed, mothers with autism often hide their condition from the outside world, terrified their children will be removed from them if social workers misinterpret their autistic traits as indicating potential harm to the child.

Women with autism are victims of society not understanding.

The male autists who populate the harder end of the coding universe are sexist pigs revelling in Bro’ culture.

Hmm.

How desperately kinky

The Naval Special Warfare Command wants to know whether Chief Special Warfare Officer Joseph Schmidt III properly obtained permission from his commanders for outside work and whether they condoned his acting career, the San Diego Union-Tribune reported.

He has appeared under the name Jay Voom in at least 29 sex films over seven years with titles such as “Apple Smashing Lap Dance” to “Strippers Come Home Horny from the Club,” the paper said.

…feature his wife, porn star Jewels Jade.
..
Jade said she recruited her husband as an unpaid performer to cut the costs of making films for her website and film-distribution service.

What, you mean movies of actual within matrimony sex? Good God, I mean how icky!

Must be a very refined taste that.

What fun

Staff at Basel zoo are carrying out a paternity test after the birth of an orangutan with any one of three potential fathers.

Be a step up from Jeremy Vine’s normal guests.

This is very good though:

Sumatran orangutans are one of the most endangered animal species in the world, comprising only nine existing populations left in the wild, with just three populations numbering 1,000 or more.

Known as “gardeners of the forest”, they have a major role in rain forest seed dispersal and in maintaining the health of the forest ecosystem, a function that is vital for a range of other animals, including tigers, Asian elephants and Sumatran rhinos.

Despite the development of protected areas, more than 50 per cent of orangutans are found in forests under management by timber, palm oil and mining companies.

So, err, they’re perfectly happy in managed as opposed to unmanaged forest then?

Hurrah!

Britain is preparing to scrap EU green energy targets which will add more than £100 to the average energy bill as part of a bonfire of red tape after Brexit.

The UK is currently committed to getting 15 per cent of all energy from renewable sources such as wind and solar by 2020.

Because such targets always have been the wrong way of dealing with this.

Id there nothing Brexit cannot do?

From the book

He’s missed what we mean by markets being efficient:

If markets are to be efficient in the way that economists have described — and as those who suggest they provide optimal solutions profess to believe they operate — then there must be the highest-quality information available to all market participants so that they can act rationally, allocating resources to the person who is best able to use them to maximize return, and who exposes the provider of capital to the lowest risk in that process. Very obviously, tax havens undermine these principles. They are in fact designed to deny market participants the information they need to act rationally, allocate resources efficiently and minimize risk. … If risk is increased, then the required rate of return within marketplaces also increases. This means that the number of projects that can be invested in is reduced, so that the amount of capital committed is diminished. As a consequence, productivity declines, and along with it growth, output, wages and profits

But that’s not what we mean by market efficiency. Rather, we mean that markets are efficient at processing information. It’s entirely opposite. It’s not that markets are efficient thus we must make sure markets have lots of information. It’s that because markets are efficient everything that people know will be efficiently incorporated into prices.

For people trade on what they know. Thus some people knowing something means they trade, that knowledge is then in post-trade prices.

He’s simply got the idea of efficiency entirely the wrong way around.

Aviation’s another thing he doesn’t understand then

The FT quite appropriately notes the big issues facing airlines after Brexit this morning. Put bluntly, no one knows whether UK based aircraft will be permitted to fly into EU airports after 30 March 2019, and if they are on what routes they will be permitted to fly.

Err, no, not really.

Some of us have noted that before the EU, before the EC and even before the EEC, planes would take off from British airports and land at continental ones smelling funnily of garlic and boiled sausage. Even, that flights depart from the UK each and every day to places which are not part of the EU.

But there is another much more relevant and immediate question to also address. If any restrictions are likely, and I think they are, then why is it that we still need a new runway at Heathrow? It seems to me that Brexit has completely shot the case for that. We are not going to be the gateway to Europe now, and never will be again. And what is more, we may not even have the flights to make the links.

I would seriously suggest it’s time to scrap plans for Heathrow’s expansion. We’re just not going to need it.

Well done, leap to unwarranted conclusion based on not understanding reality.

The concern is actually over cabotage rights. The ability for a British airline to pick up a passenger in, say, Leipzig and deliver them to Faro without going anywhere near the UK. And we already know how they’re going to deal with this, set up within EU subsidiaries.

Well, yes

The Democratic party is undermining Bernie Sanders-style candidates

Because the establishment which is the Democratic Party doesn’t like the progressive snowflakes.

Justifiably perhaps, perhaps not, but certainly.

Umm, why?

“In proclaiming ‘Zeke is not the guy you think he is’ and that ‘there is deception on levels y’all don’t understand,’ Varner is saying that I’m not really a man,” Smith continues, “and that simply living as my authentic self is a nefarious trick. In reality, by being Zeke the dude, I am being my most honest self – as is every other transgender person going about their daily lives.”

OK.

“Zeke Smith, and transgender people like him, are not deceiving anyone by being their authentic selves,” said Nick Adams, director of Glaad’s transgender media program. “It is dangerous and unacceptable to out a transgender person.”

We must not speak the truth these days or what?

Bastard tax dodgers at Starbucks!

Just thought I’d get this in ahead of everyone else:

Starbucks, which came under intense fire in 2012 for the low amount of tax it pays in the UK, said it shelled out £6.7 million in total taxes last year versus £8.4 million in 2015.

Turnover also fell, from £405.6 million to £379.9 million.

Will you look at that the bastards! 1.8% tax rate. Outrage!

Our task, if we should care to take it up, is to find the idiots actually making that argument…..

United Airlines employs Vetinari to allocate seats

Canadian man stung by scorpion on United Airlines flight

And Vetinari thinks of his scorpion pit.

Something else now though. Not sure whether the dam’s been breached, we’ve just the necessary bolus of attention or whatever. But absolutely anything that goes wrong with a United flight is going to make the news for the next bit. Things which are common to all airlines will be flagged up if they happen on United.

And the thing is, there’re always things going wrong in an organisation that size. Not really sure than any large organisation will survive well the sort of scrutiny United’s going to get…..

Timmy elsewhere

Fortunately, we have a cure for all of this: education and experience. As Trump himself has just shown. And, in fact, as Twain pointed out in a story of his involving a young man who is permanently arguing with his parents, so leaves home at 18 and doesn’t see Pops again until he is 25. At which point, he is amazed at how much his father has learned in only seven years.

Or as we might put it, the reason that people become less utopian and more liberally conservative as they age, is education and experience.

Leaving only the final question: when is Owen Jones going to start?

Spud still doesn’t understand the word rational, does he?

The error was in basic economics and is telling. It tells us that the Treasury still clings to pure market theory. This says that people are rational and perfectly predict the consequences of the future in their current behaviour.

No, if people could perfectly predict then Keynesian stimulus would not work because Ricardian Equivalence (no Professor, go and look it up, you’ll learn something that way). That Ricardian Equivalence only partially works some of the time means that we don’t think that people do perfectly predict.

And that’s not what we mean by rational anyway. All we do mean is consistent. And that really is explained in he entry level text books. You should try reading one one day.