“Weren’t the eighties grand? Cash grew on trees or, anyway, coca bushes. The rich roamed the land in vast herds hunted by proud, free tribes of investment brokers who lived a simple life in tune with money. Every wristwatch was a Rolex. Every car was a Mercedes-Benz. A fellow could romance a gal without shrink-wrapping his privates and negotiating the Treaty of Ghent. Communist dictators were losing their jobs, not presidents of America and General Motors. Women wore Adolfo gowns instead of dumpy federal circuit court judge robes. The Malcolm who mattered was Forbes. Bill Clinton was only a microscopic polyp in the colon of national politics, and Hillary was still in flight school, hadn’t even soloed on her broom. What a blast we were having. The suburbs had just discovered Martha Stewart, the cities had just discovered crack. So many parties and none of them Democratic…Back then health care was a tummy tuck, not an inalienable right. If you wanted a better environment, you went to Laura Ashley.”
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I often wonder how different individual lives in Britain would be if alcohol had never been invented. Just imagine all the couples who would never have got together without a little encouragement. All those unsent text messages and undeclared intentions. Can you imagine dancing, let alone pulling, in a sober club? – Iain Hollingshead, Twenty Something: the quarter-life crisis of Jack Lancaster July 25th, 2008 | 11 comments - (Comments are closed)
 For the leader of the Labour Party and our Prime Minister things are terminally frightful, but they are now looking just as bad for the Labour Party as a whole. I have been pondering the consequences of the latest Labour electoral reverse by reading the Coffee House blog, which is now my favourite political (as in who’s-in-who’s-out) blog, as opposed to the metacontext stuff that we do here. Several points stand out: For the benefit of those who have not been following this, Labour have just lost their twenty fifth safest seat in a by-election, to the Scottish Nationalists this time. If they can’t hold seats like this, what can they hold? Gordon Brown is clearly electoral death, even in Scotland, maybe particularly in Scotland. For as long as this appalling man leads their party, no Labour MP can feel safe. So, you would think, all they need to do now is get on the phone to each other and decide on an alternative. But, the trouble is that, closely related to the above, the semi-plausible Labour Party leader, among the half-dozen or so semi-plausible choices, with a majority that is most likely to survive the next general election is … Gordon Brown! Pick any of the others, and what remains of Labour could go into the next Parliament with a leader who has just lost his seat. Even if they do pick another Prime Minister, he or she will be a new Prime Minister. This is not like the chaotic Conservatives of the nineties and noughts picking yet another new Opposition Leader. This will be a rabble of discredited politicians choosing another national political leader, having just themselves picked the previous dud. That uncontested succession is looking like more and more of a blunder, and what is more a blunder by the Labour Party as a whole, not by the mere Prime Minister. And as the travails of the present incumbent incompetent illustrate so well, you never really know how well or how badly some new guy will do. Even cabinet ministers don’t get anything like the kind of sustained media glare shone on them that Prime Ministers do. A new guy will be a leap into the unknown. If he’s no better than Gordon Brown … The governing parliamentary party is now a complete shambles, and worse, a complete shambles which seems to have no obvious way of rescuing itself, which is what the word complete always means in such circumstances. David Cameron is now saying: let’s have an election now. The country can’t wait until 2010. I think Cameron’s timing is spot on. Earlier I here speculated about the already then widely touted idea of scorched earth, between now and the next election, the scorchers being Gordon Brown and his Labour Party, and Britain being the scorchee. Now it looks like the Labour Party is about to get a terminal roasting right now. Maybe others can see some kind of way out for these people now, but I can’t. → Continue reading: Now for the Labour implosion July 25th, 2008 | 30 comments - (Comments are closed)
One reason I fervently hope that the oil price eventually crashes if new energy sources are developed, is so it will pull a rug under thuggish regimes in places such as Venezuela and Russia:
I would like to think that if the BP executive were physically threatened or harmed in any way, that the full fury of the UK state would descend upon that gangster regime, but of course that is most unlikely and probably unwise anyway, so it is a folorn hope. As long as oil is so strong and countries in Europe are such heavy importers of Russia’s natural gas, this sort of bullying will continue. But it surely is also a reminder that investment in that country is fraught with danger. The hedge fund manager, Bill Browder, was kicked out of the country a few years ago for his role as the asker of awkward questions when it came to investing in Russian firms. If ever Russia hits economic difficulties in future, as happened in the debt crisis of 1998, I hope that when Russia goes asking for aid, that other nations have the good sense to tell that country to perform sexual acts on itself, so to speak. Stories such as this make me convinced that among the “Brics”, Russia is not a good long-term bet, at least not until the political complexion of that vast nation changes for the better. That is going to be a long wait. July 25th, 2008 | 26 comments - (Comments are closed)
At the beginning of the week I reported that in the EU you can no longer purchase a ticket to fly in a DC-3. However, if the need for the classic warbird experience strikes you, there are some truly amazing opportunities available in the US. I was just perusing my August issue of The Aeroplane and found a special offer in it. With the reader code from that issue you can fly in not one, but two incredible aircraft, a B-17 and a B-25, for about four hundred quid. Check out the Yankee Air Museum if you want to see these gorgeous babes in flight. They are scheduling flights from several locations in the US over the next several months so if you are traveling in the US, see if you can align your stars for an experience that I would just about die for. July 24th, 2008 | 12 comments - (Comments are closed)
If you can speak and write mandarin Chinese to the extent that you can also teach it, then chances are that this is going to be one hell of a lucrative career right now, according to this report. I fear that this is a trend I am going to miss out on. Even if I had a flair for languages – and I speak French and German a bit – Chinese is a whole different ball game. And at my age – 42 – it would be probably far too late to start anyway. Mind you, an old colleague of mine who is in his 40s had been learning for several years and is how working in China, in the media business. So it is possible if one is determined enough, I guess. July 24th, 2008 | 17 comments - (Comments are closed)
Consider the fact that the Federal Reserve is a central planning committee. We are lucky, I think, to have intelligent, highly professional planners, but there are in-principle limits to what they can do with limited information, and so there is no way they are not going to get it wrong sometimes, or a lot of times. The housing “bubble”, which has turned out very badly for a lot of people, and the historically high price of gas, which is to a large extent a function of the low value of the American dollar, probably has had a lot to do with the policies chosen by our monetary central planners. Failures of government planning don’t discredit free markets. Rather, they suggest free markets might be worth trying some time. – Will Wilkinson, of the CATO Institute, on their blog. But of course, blaming the credit crunch, or high oil, or expensive bread and rice prices on evil speculators is soooo much more satisfying! July 24th, 2008 | 7 comments - (Comments are closed)
If you are interested in a much longer exposition of what you have been reading in my aerospace postings over the years, listen to Burt Rutan as he describes how the socialistic model of State space flight has done exactly what socialism always does. It delivers the equivalent of rough brown toilet paper that is subsidized, overpriced anyway, and rationed because there is not enough of it. He does not say it in those words, but it is a view with which he would clearly agree. He also shows why the Capitalist Space Race (the race to make money!) is going to take the lead in a surprisingly short time and that it will effectively be putting an equivalent of 5 times the NASA budget into human spaceflight within a very few years. And by the way… I do not know the names of the other investors and developers he hints at, although I am aware (under NDA) of a few who are low profile and not seen on the Discovery Channel. July 24th, 2008 | 15 comments - (Comments are closed)
If you live in the tri-state area, or anywhere actually if you are up for it, please contact the LP team in West Virginia. They are short on people for the final push to get on the ballot. The LP needs YOU! July 24th, 2008 | 9 comments - (Comments are closed)
Maybe I’m the last one around these parts to have clocked Pat Condell. If so, apologies. But just in case I’m not and you still haven’t heard of this man, well, clock him for yourself, now. He has a YouTube homepage, and I particularly recommend the performance featured here, at the Ezra Levant blog (remember him?), which is how I found out about Condell. The thing that strikes me about Condell is that if you were to read a transcript of the talk that I’ve just heard, you might dismiss him as, well, some kind of obsessive, in a word, as a crank. Certainly anyone wanting to dismiss him thus would find it fairly easy. But his manner of talking makes him seem a lot more sane than that, and that makes him a potentially huge threat to the forces of darkness. If I were them I’d be quite bothered, and anxiously trying to think of a way of shutting him up which doesn’t risk him becoming a hundred times more famous. Killing him springs to mind, obviously. But what if they fail? And what if they succeed, but turn him into a very, very eloquent cadaver? Here is an interview he did with The Freethinker which they called Laughing religion off the planet, which I am right now about to read. UPDATE: On the other hand … July 23rd, 2008 | 6 comments - (Comments are closed)
This week marks the 100th anniversary of the Ford Model-T car, the vehicle that changed the face of the automobile business, helping to put the four-wheeled auto within reach of a vast swathe of the American population. Ford’s mass-production techniques may not have been totally original, since one can argue that some of the features of mass production used had been employed in parts of the industrialised world before. But the factories that churned out these cars were probably the most famous forms of mass-production in their time, and encouraged a host of imitators. Here’s a nifty slide-show on the anniversary. July 23rd, 2008 | 16 comments - (Comments are closed)
I might be wrong, but I don’t think a fellow who works at a gas station in the Midwest whose wife works as a nurse and commutes 27 miles a day and complains more about the cost of gas than the cost of dance lessons regards Obama as One of Us. They may like his views on this issue or that, and they may well vote for him in the name of Change or a serious belief in Obama’s positions, but if you grew up in a community that was already pretty well organized on its own, you might look at a Harvard grad “community organizer” who had the time and luxury to write an autobiography before he was 50 as something other than One of Us in the “second-shift / Costco” sense. – The wonderful James Lileks. Mind you, I am more interested in cutting the state down to size, rather than worrying whether Joe Sixpack or an old Etonian is in Downing Street or the Whitehouse. July 23rd, 2008 | 7 comments - (Comments are closed)
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