Every now and again I’m surprised by the contrast between the sanity that you’ll find on good blogs, and the madness that reigns in our useless press. In this case, its dead children again which is very sad, but should not be used as entertainment schlock-horror fodder as our gutter press does.
Mind you, I’m less impressed by Timmy on the Greeks. For all I know the conclusion is correct, but the reasoning – small fraction of bonus – is faulty. By putting it that way Timmy is trying to minimise the numbers, which might work, until you realise that a large fraction of profits are paid out as bonuses. But at least its better than green folk trying to do economics.
Briefly on climate, Mabinogogiblog tried the old trick of “it its science, it must (in theory) be refutable, so what could refute your position, Oh sceptics?” But Benny Peiser is canny enough to reply we should wait 20-30 years until we know the magnitude of AGW. “If we were to experience a decadal warming trend of 0.3 to 0.5 in the next 20-30 years, I would consider global warming to pose a potential long-term problem” which stuffs that one. Peiser is a wazzock, of course, but he isn’t going to be caught that easily.
Back to Timmy who explains why increasing manufacturing just isn’t a big source of employment any more. Its an interesting argument, and not one I’ve heard before. If you can dent his numbers, please have a go.
For all the peak oilers out there, Early Warning, and in particular “Latest Saudi Oil Stats” is fun. From the end of that post Saudi Arabia is managing its oil production in a completely reactive manner with very little planning ahead for forseeable rises in demand. They only start amping up the rig count when they actually hit a situation where they’d like to produce more, or maintain production at a certain level, but can’t. There’s then a significant delay before they can restore/increase production. is, in some ways, a bit scary, because of what it says (if true) about the Saudi structure. It confirms, in my mind, the image of a bloated plutocratic dictatorship (am I allowed to call things both? I don’t know) that doesn’t really know what it is doing, dedicated to nothing other than staying in power. Arab summer here we come?
And in true dog-bites-man style, Bob Carter has been talking utter bollocks again, in fact pretty much the same bollocks as ever. Tim L rips him up and by odd chance the Phytophactor picks up on the same point.
Lastly, wikipedia. There is a minor leak of some arbcomm mailing-list material onto wikipedia review. Nothing terribly exciting so far, and indeed suspicions that the material has been rather heavily selected pre release. But worth a browse.
* ACE – wossat, then?