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by afew Wed Oct 31st, 2012 at 12:54:31 PM EST
...might just as well be referring to western civilization. "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
If I weren't out drinking for the next 3 nights I'd be tempted to self-medicate keep to the Fen Causeway
Every election is a choice between imperfect alternatives. I will examine both choices in turn, but the first one, Mitt Romney, has rendered the normal analytic tools useless. [...] Starting with the transformative first presidential debate, Romney has wafted the sweet, nostalgic scent of moderate Republicanism into the air. [...] This hopeful vision immediately runs into a wall of deductive logic. If Romney were truly planning to govern from the center, why would he leave himself so exposed to Obama's attacks that he is a plutocrat peddling warmed-over Bushonomics? [...] if he fears such a revolt now, when his base has no recourse but to withhold support and reelect Obama, he will also fear it once in office, when conservatives could oppose him without making their worst political nightmare come true as a result. [...] Barely any points of contact remain between party doctrine and the consensus views of economists and other experts. The party has almost no capacity to respond to the conditions and problems that actually exist in the world. [...] To think of Romney as torn between two poles, then, is a mistake. Both his fealty to his party and his belief in his own abilities point in the same direction: the entitlement of the superrich to govern the country.
It's the little things. Be nice to America. Or we'll bring democracy to your country.
apparently Yes are still making albums {shudder} keep to the Fen Causeway
I could listen to Chris Cornell sing the Encyclopedia though. Be nice to America. Or we'll bring democracy to your country.
Because one of the floats had a model network helicopter flying over the bay area's landmarks...
with the Golden Gate bridge leading to model windmills from the Altamont Pass, where I built the first projects so long ago. Of all the landmarks from Frisco Bay... wow.
Can you imagine my feelings? "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
I Just Look illegal
!!! "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
Here's Lord Beecham (Lab - Newcastle) earlier this year: "It doesn't give power to the people. It gives an enormous amount of power to one person."
For Newcastle, the libdem candidate doesn't appear to be insane. Still as vague as the rest of them. That just shows the problem with having a beauty contest for this job. -----sapere aude
Was on my daily perambulation when I saw an older gentlemen, with anti-Obama stickers stuck all over his car, walk into the Senior Citizens Center to grab a government subsidized lunch.
Ever since I learnt about confirmation bias I've started seeing it everywhere
The coalition government has suffered its first significant Commons defeat as MPs voted by 307 to 294, majority 13, to back a Tory rebel call to cut the EU budget. The deputy political editor for the Daily Mirror, James Lyons tweets: JamesLyons @MirrorJames That was a proper thumping for David Cameron. So much for Sir George Young getting Tory MPs back under control. Andrew Neil predicts further problems ahead for Cameron: Andrew Neil Tonight's vote suggest Cameron will have huge problem getting any EU budget increase through Commons.
The coalition government has suffered its first significant Commons defeat as MPs voted by 307 to 294, majority 13, to back a Tory rebel call to cut the EU budget.
The deputy political editor for the Daily Mirror, James Lyons tweets:
JamesLyons @MirrorJames That was a proper thumping for David Cameron. So much for Sir George Young getting Tory MPs back under control.
That was a proper thumping for David Cameron. So much for Sir George Young getting Tory MPs back under control.
Andrew Neil predicts further problems ahead for Cameron:
Andrew Neil Tonight's vote suggest Cameron will have huge problem getting any EU budget increase through Commons.
Tonight's vote suggest Cameron will have huge problem getting any EU budget increase through Commons.
This is pretty much what happened this summer to Iran's foreign currency market. Iran lost about half of its supply of foreign exchange because of sanctions, and the government decided to protect its population from the worst part of its consequences. It abandoned the unitary exchange rate regime that had brought a decade of economic growth to the country in favor of multiple rates. As in our example, there is a single supplier of foreign exchange -- the government -- which allocates a part of its forex to basic necessities (at 12260 rials per dollar) and sells the rest to licensed buyers in the recently set up Foreign Exchange Center (at about 25,000 rials per dollar). It may be supplying some of its forex to the so-called free market (at widely fluctuating rates, between 30,000 and 45,000 rials per dollar) but we do not know how much, if any. The latter price is equivalent to the price of auctioned stadium seats. So, as in the example, calculating the rate of devaluation by dividing the rate in the free market by the previous singular rate (say 33,000/11,000, or 300%) is incorrect. A more reasonable estimate of the extent of devaluation in Iran should take into account (at least) three rates of devaluation: the official rate (10%), the Exchange Center rate (about 200%), and the free market rate (about 300%). But, unlike in the example, we do not know the shares of the forex going to these three markets, so even a simple weighted average of these rates is not available. If the share of forex allocated to the three markets are o.40, o.55, and 0.05, the weighted average would be 129% (= 0.40 x 10 + 0.55 x 200 + 0.05 x 300), which is much lower than 300%. Any devaluation over 100% is a huge shock to the economy, so the point of this exercise is not to minimize the gravity of the situation, nor to simply offer a formula to estimate size of the devaluation. Understanding the mechanism is the important point. If we cannot quantify the rate of devaluation, we can analyse its consequences if we have the right model. The consequences of a single-market devaluation are very different from one that involves transition from a unitary to a multiple exchange rate system. Put this together with the fact that the government is the main supplier of forex, and you can see why hyperinflation is a misleading account of post-devaluation Iranian economy.
This is pretty much what happened this summer to Iran's foreign currency market. Iran lost about half of its supply of foreign exchange because of sanctions, and the government decided to protect its population from the worst part of its consequences. It abandoned the unitary exchange rate regime that had brought a decade of economic growth to the country in favor of multiple rates. As in our example, there is a single supplier of foreign exchange -- the government -- which allocates a part of its forex to basic necessities (at 12260 rials per dollar) and sells the rest to licensed buyers in the recently set up Foreign Exchange Center (at about 25,000 rials per dollar). It may be supplying some of its forex to the so-called free market (at widely fluctuating rates, between 30,000 and 45,000 rials per dollar) but we do not know how much, if any. The latter price is equivalent to the price of auctioned stadium seats. So, as in the example, calculating the rate of devaluation by dividing the rate in the free market by the previous singular rate (say 33,000/11,000, or 300%) is incorrect.
A more reasonable estimate of the extent of devaluation in Iran should take into account (at least) three rates of devaluation: the official rate (10%), the Exchange Center rate (about 200%), and the free market rate (about 300%). But, unlike in the example, we do not know the shares of the forex going to these three markets, so even a simple weighted average of these rates is not available. If the share of forex allocated to the three markets are o.40, o.55, and 0.05, the weighted average would be 129% (= 0.40 x 10 + 0.55 x 200 + 0.05 x 300), which is much lower than 300%.
Any devaluation over 100% is a huge shock to the economy, so the point of this exercise is not to minimize the gravity of the situation, nor to simply offer a formula to estimate size of the devaluation. Understanding the mechanism is the important point. If we cannot quantify the rate of devaluation, we can analyse its consequences if we have the right model. The consequences of a single-market devaluation are very different from one that involves transition from a unitary to a multiple exchange rate system. Put this together with the fact that the government is the main supplier of forex, and you can see why hyperinflation is a misleading account of post-devaluation Iranian economy.
Note this, because when Syriza wins and Greece decides to leave the euro they will hopefully institute rationing of basic necessities and imports for their own industry. Then the price of the rest of the goods will rise and that will be claimed as proof of hyperinflation. It is even likely that the resulting "hyperinflation" will be claimed to cause the rise of Golden Dawn. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
http://www.guardian.co.uk/politics/2012/oct/31/tony-blair-office-unpaid-interns
"Perhaps hanging out with some of the richest people on the planet has made it hard for Blair to remember how it feels to struggle to make ends meet every month on a meagre wage.
But he's never had to struggle. He was privately educated and both he and Cherie were practicing lawyers, not a profession known for breadline status in UK, before he won his seat.
He doesn't give a shit and never has. He was a conservative then and he's always been one and it shows how right wing the labour party became that he was accepted so readily. keep to the Fen Causeway
The left are poor as church mice and cannot be herded keep to the Fen Causeway
Which is why the bitching between sectors of the left annoys me.
Till then we're stuck with neo conservatism keep to the Fen Causeway
The Tories and Lib/Dems would be eviscerated in an election. UK Polling Report has Labour at a 114 seat majority if an election is called. Ever since I learnt about confirmation bias I've started seeing it everywhere
They have the choice between a) continuing to support policies they despise b) not being in "power."
Is "power" you don't really have and cannot use better than no power at all? Apparently, yes. -----sapere aude
It's when you go to your car. You get in the back seat. And nothing happens. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
Europe is peripheral to UK politics, it's not a resigning issue and will never be a confidence measure keep to the Fen Causeway
Now if Labour were smart, they would propose a deal : we vote with the govt for an INCREASE of the EU budget, along the lines of the EU Parliament budget proposal.
Not holding my breath here. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
I think I can see the problem with your idea. keep to the Fen Causeway
They voted down an energy law (i.e. voted with the right to defeat the government) because it was too ecologist for their taste. Now they have voted down the five-year budget program, for good reasons : they want to increase the upper income tax rate, among other things. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
http://isupportpatspetition.blogspot.co.uk/ Any idiot can face a crisis - it's day to day living that wears you out.
(PS. Site says the new address is http://patspetition.blogspot.co.uk/) -----sapere aude
It's a contradictory thing. Because on the one hand I do believe that the Robert Hare checklist really is as admirable and as scientific as psychology can ever be. From my two, three years' research in the book -- I do believe that psychopaths exist and that the nuances of their behavior can come out when somebody is trained to use the checklist. However, an awful lot of people -- and Hare himself complains about this -- an awful lot of people misuse his checklist and become power-crazed when they use his checklist. You know, I became a bit power-crazed. Parts of my talk are a cautionary tale to not do what I did -- to not start diminishing people through labels. ... Certainly -- or three, four, five. I remember Robert Hare told me that he would give himself like a four or a five, with the top score being 40. Hare would say, "Even though it is a spectrum, there's a big difference. When you meet a high-scoring psychopath, the difference is stunning." I agree with that. So with all this talk about gray areas, I think it's important to remember that psychopaths really do exist. I'm sure of that, even though that goes against all my liberal instincts to consider everybody to basically be the same, to basically be good. That's a fundamental rock of my belief, yet some people do seem to be different. ... If I could have made one point stronger in the talk, I would have made that point that with me it doesn't matter, because I'm not a scientist. I'm a journalist who's writing as a thoughtful cautionary tale for people. But what I went through, the way I succumbed to confirmation bias, is actually really real, and people's lives are destroyed by it. I think Robert Hare cares about his checklist and really wants it to be administered properly and it really troubles him that there's a lot of people out there who don't administer his test properly. And so I suppose the point I would have made -- and I wish I had -- is that my story happens every day in the real world in places where it really matters, where people's lives are destroyed by it.
...
Certainly -- or three, four, five. I remember Robert Hare told me that he would give himself like a four or a five, with the top score being 40. Hare would say, "Even though it is a spectrum, there's a big difference. When you meet a high-scoring psychopath, the difference is stunning." I agree with that. So with all this talk about gray areas, I think it's important to remember that psychopaths really do exist. I'm sure of that, even though that goes against all my liberal instincts to consider everybody to basically be the same, to basically be good. That's a fundamental rock of my belief, yet some people do seem to be different.
If I could have made one point stronger in the talk, I would have made that point that with me it doesn't matter, because I'm not a scientist. I'm a journalist who's writing as a thoughtful cautionary tale for people. But what I went through, the way I succumbed to confirmation bias, is actually really real, and people's lives are destroyed by it. I think Robert Hare cares about his checklist and really wants it to be administered properly and it really troubles him that there's a lot of people out there who don't administer his test properly. And so I suppose the point I would have made -- and I wish I had -- is that my story happens every day in the real world in places where it really matters, where people's lives are destroyed by it.
He implied that the storm was a message from God against the State of Israel's dependence on the United States, and that he had a more efficient and simple answer to all its needs. "God has no problem helping his sons, but the sons must recognize their father," he explained.
According to Yitzhak, the Americans want Israel to be "devoted to them, captured by them," and that is the reason why they have prevented the Jewish state many times from developing advanced weapons - so that it depends on their military aid.
Finally: Jacob and Esau? Is he saying Israel has tricked the USA out of something for a spot of massage? -----sapere aude
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