Archive for the 'economics' Category

Via Calculated Risk, galleries of repossessed houses in Los Angeles. This one can stand for a common theme.

It’s hardly got any windows on the street side at all! Just two huge garage doors. Those doors are a common feature throughout the show - houses whose outward appearance is totally dominated by monster garages, like a [...]

King’s College London’s terribly smart and not at all sinister Insurgency Research Group have some relevant facts about a controversy between Daniel Davies and I. Recap: Dan apparently believes that it’s better to let jihadis advertise on the Internet, on the principle that they will attract lots of idiots, self-dramatising teens, and committee fetishists, who [...]

Despite the title, this is not a post about Boris Johnson. Can anyone trace this story, one of my favourite tech war stories, to an original source? It’s the early days of semiconductor fabbing at Texas Instruments; the process is still a bit of an art, both in the sense of a science with more [...]

He imagined that satellite broadcasting might help a hundred Indian villages save two cows a year and understood what an impact that might have. Says a commenter at PZ Myers’ place, on the occasion of Arthur C. Clarke’s death. Two cows a year; now that’s genius. I can’t presume to say whether this came [...]

Last week: Two-thirds of Israelis want talks with Hamas. Not just that, but former secret-service chiefs were in the press arguing for it. Here’s Efraim Halevy talking to old-school TYR ally Laura Rozen. And here’s the data: ;not only did 64 per cent of Israelis support direct talks, and a majority of Labour and Kadima [...]

John Band has some thoughts about Northern Rock. So do I; more precisely, I have some thoughts about the Tories’ performance in the crisis. It’s been appallingly silly, irresponsible, and sometimes plain ignorant.
For example, last autumn the Tories seem to have thought that the Bank of England’s loan to the Rock was taxpayers’ money. This [...]

I thought it was Felix Salmon who made a very good argument for a carbon dioxide tax rather than a cap-and-trade system, referring to British Columbia’s decision to introduce a progressively increasing levy on fossil fuels and make a matching cut in general taxation. But it wasn’t; anyway here goes.
If you read this blog you’re [...]

It appears that the defence procurement stories we’ve been tracking are coming to a head. Recently, it emerged that the Astute SSN, Nimrod MRA4, and T-45 destroyer projects are going significantly overbudget again; the first two of these are, of course, the ones that were already £800 million over budget and several years later. The [...]

This PPRuNE thread reminds me of something from the archives.
During a meeting we had not long ago, the increasing sophistication and cost of the Unpersonned Aircraft was raised - because by becoming too sophisticated and HVAA in nature, they were in some danger of becoming too valuable to risk in certain scenarios. Rather defeating their [...]

This Brad DeLong post summarises criticisms of the Stern report on the economics of climate change and criticisms of the criticisms. Mostly, it’s concerned with the role of uncertainty; as the tail of the distribution includes some really horrible possibilities, it’s not sensible to assume that we’ll be OK because the middle of the distribution [...]