March 23, 2013
In this article in the Telegraph is a fair and accurate assessement that the best the two major political parties have on offer for the all encompassing economic problems are equally frightening. What a vote of confidence, that is.
Be it known on this day man makes machines that teach machines to think. It what appears to be an international OMG moment, we wade into territory that we have already been warned about. Making machines that can teach machines to think. What a silly idea, non?
What could possibly go wrong, really?
In the Telegraph, Jeremy Warner states “Lack of growth has completely poleaxed the centre piece of the Government’s economic strategy — getting the deficit under control.” and concludes “Osborne is often accused of cowardice and a lack of radicalism. He needs to be much bolder if he is ever to get to grips with the public finances, critics say. This may or may not be true, but the perhaps surprising reality is that if he is given the five years now needed to complete his plans, he will have brought about a remarkable transformation — some £24bn in selected tax cuts at the same time as a fiscal squeeze which reduces the size of the state as a proportion of GDP back to where it was before the last government began its madness. Brown’s public sector expansion will have been entirely reversed.”
Clearly, the starving off of all the grand schemes Brown initiated as a policy filter is not that well thought out. Progress is progress, so some of what is now dust was causing growth that has now been lost.
Long term growth is caused by small businesses that can adapt to new conditions becoming large concerns making stuff that the world needs. Of course stuff now can include intellectual capital realised from the results of ecommerce and other profound changes in the economic sphere that the UK is utterly failing to become adept with because investment is impossible, so companies continue to ride the same wave to shore. But the tide is still going out because the Government has to create more dependency on introduced capital as it has utterly failed to stimulate sales. The worst kind of manager shuts the door to preserve demand.
March 18, 2013
The derivative collapse caused severe economic recession as it vaporised wealth but still, savers need banks to return the backbone of prudence and stability and provide for inflation proofing of prosperity. Banks that invest in bonuses that represent winners who also require losers in the markets they work in. Losers do not receive negative bonuses, so their accounting funds that could have supported local economic growth. Huge bank bonuses appears to be an international economic phenomena, with each market competing with others for the bankers with the most clout. If a generation of bankers agreed to invest their winnings in local growth businesses it could change the world.
March 16, 2013
Although it is rare, this virus is extremely dangerous, but because it has surfaced in a very few cases mainly mainly out of Saudi Arabia there was considerably urgency to investigate it as 3 million Muslims a year conduct pilgrimages to Mecca and Medina from all over the world.
What people think matters. As the media has already started to report on this new strain of virus that can cause acute pneumonia in just a few patients, we assume that this is the only such virus. The fact is that viruses are evolving all the time as are most creatures, but as these forms of life are threads of the part that shapes us, its virulent characteristics can and will mutate as it adapts to its environs.
Should the public be concerned about this new strain of coronavirus? Yes, of course it should. Will there be a pandemic. Based on the evidence thus far, it could indeed be the exposed tip of a more virulent iceberg. However, it does not appear to be that way.
The more pathogenic a virus, the greater the risk we will take to conquer it. And the less potential it has to spread. Allowing it to spread is not such a good idea as the more cellular material it can interact with, the more genetic information it gathers. It is an awareness of how to evolve ourselves and our behaviour.
Article in The Guardian