Blogging on liberty, capitalism, reason, international affairs and foreign policy, from a distinctly libertarian and objectivist perspective
05 February 2008
Super Dooper Tuesday?
03 February 2008
Auckland's Northern Busway opens, but..
Goodbye to a bully
01 February 2008
Phasing out the DPB
UK company makes record profit, makes BBC gloomy
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Now the BBC isn’t stupid. It knows that a profit figure of £14 billion means little unless you have the context of the value of the company. After all, if the assets are worth £500 billion, it isn’t great, if the assets are worth £50 billion it is a tidy profit indeed. However the socialist minded British public see profit like a lottery win – not a return on investment. The BBC didn’t disclose the current market capitalisation of Shell. Secondly, it didn’t reveal where the profit goes. This isn’t clear yet, but presumably some will be reinvested capital and much will be dividends to shareholders, many of which are financial institutions with pensions, deposits and other funds that affect the wealth of many people. Keeping vague about this ensures that many think that it just means a few people living the life of Uncle Scrooge or Montgomery Burns, whereas Shell has generated a profit that will benefit plenty.
One thing the BBC did report was where the profit came from – exploration and discovery of new fields, the wholesale market for crude and refined products. It wasn’t retail at the pump, where the margins are closer to 1-2p per litre (noting than in the UK around 70p is tax). This doesn’t stop the leftwing union Unite stating calling it obscene – when what is truly obscene is the extent to which taxes on fuel fund big government at Westminster. Of course Unite doesn’t produce anything itself, it calls for a tax to add to the money that the state takes from oil customers, like far too many socialists Unite worships the fist of the state over the choices of consumers and shareholders.
^
So there you go, big British firm makes a hefty profit and it is held in suspicion. The UK wonders why so many people have a poverty of ambition while a culture of envy is cultivated, and the thieving hand of the state is largely ignored.
31 January 2008
Which US Presidential candidate will call THIS ridiculous?
The puritanism, the idea there is something immoral about two teenagers kissing in public. The Islamists are closer to how some Americans think than many will admit.
Whose money?
Naughty Ryanair
Bye Rudy, onto Tuesday (yawn)
Scotland drops tolls, ignores economic truths
Another reason why the job in Afghanistan was half done
30 January 2008
Greens oppose apolitical state sector
Kedgley peddles more hysteria
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The tenor of her press release is seriously unhinged and outright scaremongering with statements such as “telecommunications companies will be able to clutter power poles in residential areas and next to schools and childcare centres with new cellular and wireless technologies”.
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In that once sentence she loads so much evidence absent value judgments to frighten the ill informed, i.e. those who vote for her. “Clutter” apparently implying that somehow we’re all using the top of power poles now, and will be interfered with, or that it will be ugly. I am willing to wager than in one day, Sue Kedgley would be unable to identify every single telecommunications transmitter site in Wellington City – because so many of them are unobtrusive, and plenty are on top or on the side of building with nobody noticing them. However, I am sure it wouldn’t be “clutter” if they were broadcasting a free to air commercial free channel of leftwing doggerel.
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Then she talks of “next to schools and childcare centres”, implying, though not saying, that transmitters are “unsafe”. She likes claiming new technologies are unsafe, it gives her something to regulate, something to blame at and it looks like she is saving us all from the evil companies who don’t care. The truth is that she is an unscientific busybody who prefers fear and hysteria to science and balanced debate – she squawks like a parrot, happily stirring fear to gain votes.
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She continues "We have set up a power pole in Mount Victoria with antennae and masts, to demonstrate how visually intrusive power poles around New Zealand could become”. No doubt using the latest technology with every incentive to make it work efficiently and be unobtrusive right? Of course most homes in New Zealand already have antennae, masts, some have satellite dishes. Perhaps they are visually intrusive too, as are the trolley bus wires that provide a 550v netting over many major arterial routes and city streets in Wellington – but that’s ok, because electric buses are good – telecommunications companies are bad. Of course she has a cellular phone and rarely catches a trolley bus – funny that.
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She continues her rant “there will be no restrictions on the number of masts and antennae hanging on poles outside homes and bedrooms, regardless of concerns about the health effects of increased exposure to radio frequency radiation”. Forgetting that the laws of physics do impose such restrictions, given poles can’t carry unlimited numbers of these things, and there are serious issues of avoiding harmonics and interference between antennae, and if you have a bedroom next to a power pole then more fool you. More importantly the “health effects” are largely a beat up by her. She completely ignores that every single radio and TV transmits non-ionising electromagnetic radiation, she also ignores the proliferation of home wifi systems as well – presumably this is all good, or because it isn’t an evil entity (telecommunications companies fit that category), it isn’t worth her attention.
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Finally she says “There is no obligation under the proposed national standard for the companies to pay rentals for the usage of power poles, which in many cases are owned by state-owned enterprises”. Again, her lack of command of the facts says a bit about her. Very very few power poles are owned by state-owned enterprises, largely because most are owned by electricity lines companies. These are not retail companies (which SOEs most certainly own). The implication here is that the beloved warm embracing state that she loves is being “robbed” because of a lack of rentals. She should relax. Not only are they not owned by state owned enterprises in almost all cases (and transmitters on top of Transpower masts are likely to be hardly an issue for numerous reasons), but the issue should be whether owners of poles should be allowed to.
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So there it is, a press release of hysterical assertions, and leading value judgments with next to no evidence. It bears a mild resemblance to the sort of nonsense that passes for news from North Korea – blurting out fear, blame and demands that something be done – when scratching the surface it is just a grasp for attention, pleading to the ignorant by the power hungry and envy ridden.
Bush's final state of the union address
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- He called for a balanced budget, and not by increasing taxes. Good.
- He wants to save Social Security. Bad, but hardly surprising.
- He believes "Spreading opportunity and hope in America also requires public schools". Bad, public schools are the problem.
- He wants public school control to be further devolved, and effectively endorsed education vouchers. Good, but it wont happen. Democrats don't like school choice or performance monitoring of schools or teachers.
- He wants standard tax deductibility for health insurance. As far as this reduces taxes for those looking after themselves then good.
- He wants to subsidise state programmes to fund private health insurance. Bad, it undermines the earlier programme, states should raise their funds locally.
- He wants to establish a temporary worker programme for foreigners. Good.
- He wants to use taxpayers' money to subsidise alternative fuels. Bad, let the market decide based on price signals.
None of this excites me particularly, in fact, sadly I can say at best it could be worse. However, Bush does inspire me in one direction - his response to Islamofascism. He said:
"Al Qaeda and its followers are Sunni extremists, possessed by hatred and commanded by a harsh and narrow ideology. Take almost any principle of civilization, and their goal is the opposite. They preach with threats, instruct with bullets and bombs, and promise paradise for the murder of the innocent. Our enemies are quite explicit about their intentions. They want to overthrow moderate governments, and establish safe havens from which to plan and carry out new attacks on our country. By killing and terrorizing Americans, they want to force our country to retreat from the world and abandon the cause of liberty. They would then be free to impose their will and spread their totalitarian ideology. Listen to this warning from the late terrorist Zarqawi: "We will sacrifice our blood and bodies to put an end to your dreams, and what is coming is even worse." Osama bin Laden declared: "Death is better than living on this Earth with the unbelievers among us."
Take that "death is better than living on this Earth with the unbelievers among us". THAT is the enemy, as cold and murderous as that. THAT is who is appeased by withdrawal from Afghanistan, Iraq and by befriending Islamism. Bush continues:
"What every terrorist fears most is human freedom"
Who's lying John Minto?
In the letter, Mr. Minto claims, amongst other things, to have been nominated for the prestigious Order of the Companions of OR Tambo.In this regard, the Presidency wishes to place it on record that Mr. Minto has not, as a matter of fact, been nominated as a candidate for any of our national orders"
"My understanding was that an award of some substance was being offered, and Minty said that he would have concerns and issues about accepting such an award," Ms Cuthbert said.
"I didn't hear the preamble to it, but I thought the offer had been made and Minty had basically said thanks but no thanks.""
29 January 2008
Clinton or Obama then?
Prince Charles wont go to Beijing
28 January 2008
"Redistribution of wealth" - the phrase of lies
Zieg Heil - NZ fashion police
NHS die while you wait
So will Michael Moore pay for all of Colette's treatment? Now there's a joke. The truth is that it is too late for her to benefit from the interaction of the new drug and her treatment.
^
meanwhile the system happily pays for me, on a well above average salary, to get free doctor's visits, and happily services for free thousands of drunken gits who poison themselves every weekend - for nothing. Great isn't it?