For example, is it really true that free trade is a good thing? Especially if you are in a western country whose workforce are going to be undercut by developing economies? At what point does the unemployment, cutting of real wages and inequalities become more of an issue than the cheaper products?
I addressed this point in The Discontented, because I think it's very important.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back. We need imports: we are not self sufficient in food or fuel. Not are we self sufficient in the fertilizer (nitrogen, phosphates or potassium) to grow food, should we so wish.
Assume for a second there were no ill effects from protecting our domestic industries. We would still get poorer in this world, because as China and India grow, they will take a greater and greater share of the world's oil, natural gas, and the like. In this best case scenario, we'll get poorer because the cost of importing raw materials would rise.
But this too rosy. Attempting to protect - say - Port Talbot may make us more self sufficient in steel. (Although, of course, we still need to import the coal and the iron ore to make the steel.) But it would be at the expense of making British car makers pay more for their steel. Does that work?
Switzerland has some of the most expensive labour in the world. Yet it runs a visible goods trade surplus. Germany's labour is also now more expensive than ours, and it too runs a surplus.
These countries have set up their educational systems to produce people with the right skills. We have not. (The great irony is that we spend our lives worrying about grammar schools, when we already offer pretty good education to the top 10% of students today. It's the bottom 50% we utterly fail.) I hope that Mrs May and her team will not be so distracted by Brexit they fail to make the changes to our education and benefits system that our country so desperately needs.
Sirius Minerals are doing some interesting things in Yorkshire.
Jeremy Corbyn - The Ryan Lochte of British politics.
I have to say it's hilarious and it couldn't happen to a better person. Serves him right for going on about privatizing the railways all the time. If he didn't it wouldn't be such a big issue.
I meant moaning about privatization and wanting to re-nationalize them. Serves me right typing when tired.
Virgin Manchester to Euston, first class, is the best train journey in the country.
It is the AV of the railway system.
Best train journey is probably the Caledonian Sleeper, and waking up in the Highlands.
I've done that as far as Edinburgh. My problem was that I only got to sleep around Carlisle....
My level of excitement approaching a sleeper train exceeds that of a six year old boy on Christmas Eve.
I sleep ok with the rhythm. They provide decent pillows and duvets now and you just need to make sure the cabin is properly dimmed. Waking up to the views and breakfast in bed is awesome.
To sleep, my wife and I will also be aided by knocking back a few whiskeys in the restaurant car.
How tall are you? They're not really made for the taller gentleman.
6'
I've always wanted to do the sleeper - the nearest I've got was a sleeping compartment on an old sleeper carriage at a preserved railway. Darned uncomfortable and not long enough for my 6'2" frame.
It's always put me off using the sleeper services. If you're comfortable at 6', perhaps I should persuade Mrs J to drop the little 'un off with my parents and make a pilgrimage to Fort Bill.
Do the Sleeper, do the Sleeper, do the Sleeper..
Best thing ever. Check out website of the man in seat 61 for more.
Great website - has anyone done the 'anywhere in the UK to Ireland for almost no money' journey?
I don't understans the Russian government some times. I get they are mad their athletes are banned from the paralympics and say it is illegal, unfair and a conspiracy. But the bbc Quote them as saying even if their sports organisations were guilty it would violate the rights of the athletes to ban them as a result.
What? How exactly would Russia be punished if you cannot punish it's athletes. The whole point is it wasn't a few bad apples but the apple grower who was the problem. The good apples may be put out, but we need to section off the Orchard for now.
Virgin Manchester to Euston, first class, is the best train journey in the country.
It is the AV of the railway system.
Best train journey is probably the Caledonian Sleeper, and waking up in the Highlands.
I've done that as far as Edinburgh. My problem was that I only got to sleep around Carlisle....
My level of excitement approaching a sleeper train exceeds that of a six year old boy on Christmas Eve.
I sleep ok with the rhythm. They provide decent pillows and duvets now and you just need to make sure the cabin is properly dimmed. Waking up to the views and breakfast in bed is awesome.
To sleep, my wife and I will also be aided by knocking back a few whiskeys in the restaurant car.
How tall are you? They're not really made for the taller gentleman.
6'
I've always wanted to do the sleeper - the nearest I've got was a sleeping compartment on an old sleeper carriage at a preserved railway. Darned uncomfortable and not long enough for my 6'2" frame.
It's always put me off using the sleeper services. If you're comfortable at 6', perhaps I should persuade Mrs J to drop the little 'un off with my parents and make a pilgrimage to Fort Bill.
Do the Sleeper, do the Sleeper, do the Sleeper..
Best thing ever. Check out website of the man in seat 61 for more.
Have you tried the VS Orient Express? Rather archaic, but the beds are surprisingly comfortable.
That is gonna cause twitter to go into meltdown. If Virgin have been even a little remiss in their evidence gathering, the Corbynistas will be out demonstrating.
They'll want to boycott Virgin trains, but Branson was lobbying for a second Ref, so they won't know what to do. Their little heads will explode.
Europhile Branson is clearly hoping for a Smith victory to get that second crack at a referendum.
I wonder if traingate will turn into Jezza's equivalent of Miliband's bacon sandwich. In of itself it isn't really very important, but it was the attempted spin and the resulting ludicrous images that did for him.
On your education point I don't know if you caught the reflections program on R4 at 9 this morning with Lord Baker. It was surprisingly interesting but the most interesting point was right at the end when he developed the idea that millions of middle management type jobs currently held by those with arts degrees are going to disappear very rapidly over the next few years with increased automation and smart systems.
oh dear, what a shame, how sad, don't bang the door on the way out with your P45s as you head to the jobcentre facing the prospect of earning a living at last....
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
For example, is it really true that free trade is a good thing? Especially if you are in a western country whose workforce are going to be undercut by developing economies? At what point does the unemployment, cutting of real wages and inequalities become more of an issue than the cheaper products?
I addressed this point in The Discontented, because I think it's very important.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back. We need imports: we are not self sufficient in food or fuel. Not are we self sufficient in the fertilizer (nitrogen, phosphates or potassium) to grow food, should we so wish.
Assume for a second there were no ill effects from protecting our domestic industries. We would still get poorer in this world, because as China and India grow, they will take a greater and greater share of the world's oil, natural gas, and the like. In this best case scenario, we'll get poorer because the cost of importing raw materials would rise.
But this too rosy. Attempting to protect - say - Port Talbot may make us more self sufficient in steel. (Although, of course, we still need to import the coal and the iron ore to make the steel.) But it would be at the expense of making British car makers pay more for their steel. Does that work?
Switzerland has some of the most expensive labour in the world. Yet it runs a visible goods trade surplus. Germany's labour is also now more expensive than ours, and it too runs a surplus.
These countries have set up their educational systems to produce people with the right skills. We have not. (The great irony is that we spend our lives worrying about grammar schools, when we already offer pretty good education to the top 10% of students today. It's the bottom 50% we utterly fail.) I hope that Mrs May and her team will not be so distracted by Brexit they fail to make the changes to our education and benefits system that our country so desperately needs.
Sirius Minerals are doing some interesting things in Yorkshire.
If that mine ever produces significant amounts of fertiliser in the middle of a national park I'll eat Vince Cables hat.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back.
If every country in the first wave of industrialisation took the same view we would all end up being in the position of our former colonies vis-a-vis China.
Protecting manufacturing and aiming for a balanced economy is not just an economic but a strategic issue.
Darren McCaffrey BRACE. BRACE. Told statement from Team Corbyn coming shortly. #traingate
This is the one time you don't issue a press release, there's nothing you can that will improve this situation. Just ignore it and it will go away after a few days.
I think free trade was indeed a good thing (at least for us) when we had exactly the sort of monopoly that you are talking about. The problem is we went from there to here taking along an extremely simplistic concept of comparative advantage on the way. The default assumption of our political class is still informed by this, hence American politicians pushing so hard for unpopular policies like NAFTA and TTIP. I just question whether these default assumptions are indeed good.
To take your Port Talbot example retaining a steel industry in this country retains a skill base here, it reduces imports, it makes materials more readily available should local producers want a particular product and can be said to support our manufacturing base generally. Is this worth a bit of money?
The answer is I think unclear for the reasons you state and the knock on effects are somewhat unpredictable but the answers mainstream economics offer us are naïve and uninformative.
Re Port Talbot. Does it meaningfully reduce imports? You still need to buy coal from abroad and iron ore. In any case, I suspect mini-mills in the UK, attached to cheap CCGTs, are still going to outcompete PT in the medium term.
But I think the important bit is that there are high labour cost countries that have minimal unemployment, and which have vibrant manufacturing bases.
They didn't achieve this through protectionism. When you implement protectionism, what you get is industrialists bribing government ministers in return for tariffs for their particular industry. That does not end well.
Or you get industrialists bribing commissioners to introduce regulatory directives that put you at an advantage vs your smaller competitiors who being smaller are hit much harder by the cost of compliance.
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
That is just cruel... spill (in private ofc) please!
Virgin Manchester to Euston, first class, is the best train journey in the country.
It is the AV of the railway system.
Best train journey is probably the Caledonian Sleeper, and waking up in the Highlands.
I've done that as far as Edinburgh. My problem was that I only got to sleep around Carlisle....
My level of excitement approaching a sleeper train exceeds that of a six year old boy on Christmas Eve.
I sleep ok with the rhythm. They provide decent pillows and duvets now and you just need to make sure the cabin is properly dimmed. Waking up to the views and breakfast in bed is awesome.
To sleep, my wife and I will also be aided by knocking back a few whiskeys in the restaurant car.
How tall are you? They're not really made for the taller gentleman.
6'
I've always wanted to do the sleeper - the nearest I've got was a sleeping compartment on an old sleeper carriage at a preserved railway. Darned uncomfortable and not long enough for my 6'2" frame.
It's always put me off using the sleeper services. If you're comfortable at 6', perhaps I should persuade Mrs J to drop the little 'un off with my parents and make a pilgrimage to Fort Bill.
Do the Sleeper, do the Sleeper, do the Sleeper..
Best thing ever. Check out website of the man in seat 61 for more.
I did the sleeper to Glasgow, once. It was alright but I never felt the need to do it again. That was around about 1990 and the facilities and accommodation were very shabby and run down.
However, I trying to persuade Herself that once the cat goes through the last great cat flap we should take the train down to Lisbon and that involves a sleeper for the last leg. I am quite excited by the idea.
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
For example, is it really true that free trade is a good thing? Especially if you are in a western country whose workforce are going to be undercut by developing economies? At what point does the unemployment, cutting of real wages and inequalities become more of an issue than the cheaper products?
I addressed this point in The Discontented, because I think it's very important.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back. We need imports: we are not self sufficient in food or fuel. Not are we self sufficient in the fertilizer (nitrogen, phosphates or potassium) to grow food, should we so wish.
Assume for a second there were no ill effects from protecting our domestic industries. We would still get poorer in this world, because as China and India grow, they will take a greater and greater share of the world's oil, natural gas, and the like. In this best case scenario, we'll get poorer because the cost of importing raw materials would rise.
But this too rosy. Attempting to protect - say - Port Talbot may make us more self sufficient in steel. (Although, of course, we still need to import the coal and the iron ore to make the steel.) But it would be at the expense of making British car makers pay more for their steel. Does that work?
Switzerland has some of the most expensive labour in the world. Yet it runs a visible goods trade surplus. Germany's labour is also now more expensive than ours, and it too runs a surplus.
These countries have set up their educational systems to produce people with the right skills. We have not. (The great irony is that we spend our lives worrying about grammar schools, when we already offer pretty good education to the top 10% of students today. It's the bottom 50% we utterly fail.) I hope that Mrs May and her team will not be so distracted by Brexit they fail to make the changes to our education and benefits system that our country so desperately needs.
Sirius Minerals are doing some interesting things in Yorkshire.
A friend of mine has quite a sizeable personal position in that!
Darren McCaffrey BRACE. BRACE. Told statement from Team Corbyn coming shortly. #traingate
LOL! Jeremy and Seumas don't understand silly season do they? The only thing they can do now by making a statement, is to keep this in the news for a few more days. Just ignore it and it goes away soon enough.
I think free trade was indeed a good thing (at least for us) when we had exactly the sort of monopoly that you are talking about. The problem is we went from there to here taking along an extremely simplistic concept of comparative advantage on the way. The default assumption of our political class is still informed by this, hence American politicians pushing so hard for unpopular policies like NAFTA and TTIP. I just question whether these default assumptions are indeed good.
To take your Port Talbot example retaining a steel industry in this country retains a skill base here, it reduces imports, it makes materials more readily available should local producers want a particular product and can be said to support our manufacturing base generally. Is this worth a bit of money?
The answer is I think unclear for the reasons you state and the knock on effects are somewhat unpredictable but the answers mainstream economics offer us are naïve and uninformative.
Re Port Talbot. Does it meaningfully reduce imports? You still need to buy coal from abroad and iron ore. In any case, I suspect mini-mills in the UK, attached to cheap CCGTs, are still going to outcompete PT in the medium term.
But I think the important bit is that there are high labour cost countries that have minimal unemployment, and which have vibrant manufacturing bases.
They didn't achieve this through protectionism. When you implement protectionism, what you get is industrialists bribing government ministers in return for tariffs for their particular industry. That does not end well.
Or you get industrialists bribing commissioners to introduce regulatory directives that put you at an advantage vs your smaller competitiors who being smaller are hit much harder by the cost of compliance.
Darren McCaffrey BRACE. BRACE. Told statement from Team Corbyn coming shortly. #traingate
LOL! Jeremy and Seumas don't understand silly season do they? The only thing they can do now by making a statement, is to keep this in the news for a few more days. Just ignore it and it goes away soon enough.
No, this is a pivotal moment in the class struggle. You don't realise it but Corbyn has lured the arch capitalist villain Richard Branson into his trap. The opportunity shouldn't be wasted.
For example, is it really true that free trade is a good thing? Especially if you are in a western country whose workforce are going to be undercut by developing economies? At what point does the unemployment, cutting of real wages and inequalities become more of an issue than the cheaper products?
I addressed this point in The Discontented, because I think it's very important.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back. We need imports: we are not self sufficient in food or fuel. Not are we self sufficient in the fertilizer (nitrogen, phosphates or potassium) to grow food, should we so wish.
Assume for a second there were no ill effects from protecting our domestic industries. We would still get poorer in this world, because as China and India grow, they will take a greater and greater share of the world's oil, natural gas, and the like. In this best case scenario, we'll get poorer because the cost of importing raw materials would rise.
But this too rosy. Attempting to protect - say - Port Talbot may make us more self sufficient in steel. (Although, of course, we still need to import the coal and the iron ore to make the steel.) But it would be at the expense of making British car makers pay more for their steel. Does that work?
Switzerland has some of the most expensive labour in the world. Yet it runs a visible goods trade surplus. Germany's labour is also now more expensive than ours, and it too runs a surplus.
These countries have set up their educational systems to produce people with the right skills. We have not. (The great irony is that we spend our lives worrying about grammar schools, when we already offer pretty good education to the top 10% of students today. It's the bottom 50% we utterly fail.) I hope that Mrs May and her team will not be so distracted by Brexit they fail to make the changes to our education and benefits system that our country so desperately needs.
Sirius Minerals are doing some interesting things in Yorkshire.
If that mine ever produces significant amounts of fertiliser in the middle of a national park I'll eat Vince Cables hat.
Isn't the existing mine at Boulby in the NP?
I spent a night camping out near there a few years ago, on top of the highest cliffs on the East Coast.
Looks like Corbyn thought the same as me as regards reserved seats, that you can't sit in them even if there's no-one there at the time. But that's wrong apparently.
From the comments including journos below, it seems this piles of lies statement might need a hurried rewrite...this really is like Ryan Lochte...we have the CCTV of you coming back to the village showing you will all the belonging you said were nicked...erhhh well I was still robbed of them bro...
For example, is it really true that free trade is a good thing? Especially if you are in a western country whose workforce are going to be undercut by developing economies? At what point does the unemployment, cutting of real wages and inequalities become more of an issue than the cheaper products?
I addressed this point in The Discontented, because I think it's very important.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back. We need imports: we are not self sufficient in food or fuel. Not are we self sufficient in the fertilizer (nitrogen, phosphates or potassium) to grow food, should we so wish.
Assume for a second there were no ill effects from protecting our domestic industries. We would still get poorer in this world, because as China and India grow, they will take a greater and greater share of the world's oil, natural gas, and the like. In this best case scenario, we'll get poorer because the cost of importing raw materials would rise.
But this too rosy. Attempting to protect - say - Port Talbot may make us more self sufficient in steel. (Although, of course, we still need to import the coal and the iron ore to make the steel.) But it would be at the expense of making British car makers pay more for their steel. Does that work?
Switzerland has some of the most expensive labour in the world. Yet it runs a visible goods trade surplus. Germany's labour is also now more expensive than ours, and it too runs a surplus.
These countries have set up their educational systems to produce people with the right skills. We have not. (The great irony is that we spend our lives worrying about grammar schools, when we already offer pretty good education to the top 10% of students today. It's the bottom 50% we utterly fail.) I hope that Mrs May and her team will not be so distracted by Brexit they fail to make the changes to our education and benefits system that our country so desperately needs.
Sirius Minerals are doing some interesting things in Yorkshire.
If that mine ever produces significant amounts of fertiliser in the middle of a national park I'll eat Vince Cables hat.
The stock market disagrees with you: Sirius Minerals has a billion pound market capitalisation.
For example, is it really true that free trade is a good thing? Especially if you are in a western country whose workforce are going to be undercut by developing economies? At what point does the unemployment, cutting of real wages and inequalities become more of an issue than the cheaper products?
I addressed this point in The Discontented, because I think it's very important.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back. We need imports: we are not self sufficient in food or fuel. Not are we self sufficient in the fertilizer (nitrogen, phosphates or potassium) to grow food, should we so wish.
Assume for a second there were no ill effects from protecting our domestic industries. We would still get poorer in this world, because as China and India grow, they will take a greater and greater share of the world's oil, natural gas, and the like. In this best case scenario, we'll get poorer because the cost of importing raw materials would rise.
But this too rosy. Attempting to protect - say - Port Talbot may make us more self sufficient in steel. (Although, of course, we still need to import the coal and the iron ore to make the steel.) But it would be at the expense of making British car makers pay more for their steel. Does that work?
Switzerland has some of the most expensive labour in the world. Yet it runs a visible goods trade surplus. Germany's labour is also now more expensive than ours, and it too runs a surplus.
These countries have set up their educational systems to produce people with the right skills. We have not. (The great irony is that we spend our lives worrying about grammar schools, when we already offer pretty good education to the top 10% of students today. It's the bottom 50% we utterly fail.) I hope that Mrs May and her team will not be so distracted by Brexit they fail to make the changes to our education and benefits system that our country so desperately needs.
Sirius Minerals are doing some interesting things in Yorkshire.
If that mine ever produces significant amounts of fertiliser in the middle of a national park I'll eat Vince Cables hat.
The stock market disagrees with you: Sirius Minerals has a billion pound market capitalisation.
Nearly half as valuable as Powa Technologies then...
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
Can't think of a public sector employee who is a household name.
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
Can't think of a public sector employee who is a household name.
I think free trade was indeed a good thing (at least for us) when we had exactly the sort of monopoly that you are talking about. The problem is we went from there to here taking along an extremely simplistic concept of comparative advantage on the way. The default assumption of our political class is still informed by this, hence American politicians pushing so hard for unpopular policies like NAFTA and TTIP. I just question whether these default assumptions are indeed good.
To take your Port Talbot example retaining a steel industry in this country retains a skill base here, it reduces imports, it makes materials more readily available should local producers want a particular product and can be said to support our manufacturing base generally. Is this worth a bit of money?
The answer is I think unclear for the reasons you state and the knock on effects are somewhat unpredictable but the answers mainstream economics offer us are naïve and uninformative.
Re Port Talbot. Does it meaningfully reduce imports? You still need to buy coal from abroad and iron ore. In any case, I suspect mini-mills in the UK, attached to cheap CCGTs, are still going to outcompete PT in the medium term.
But I think the important bit is that there are high labour cost countries that have minimal unemployment, and which have vibrant manufacturing bases.
They didn't achieve this through protectionism. When you implement protectionism, what you get is industrialists bribing government ministers in return for tariffs for their particular industry. That does not end well.
Or you get industrialists bribing commissioners to introduce regulatory directives that put you at an advantage vs your smaller competitiors who being smaller are hit much harder by the cost of compliance.
Could you give me an example?
Switch the word "bribing" for "lobbying" and the EU will provide you with more examples than you can shake a stick at.
Of course the difference between bribery and lobbying is sometimes hard to distinguish, as Cameron once famously noted (then, as usual, failed to do anything about).
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
Can't think of a public sector employee who is a household name.
Are roles like the Governor of the Bank of England considered a public sector employee / civil service post?
For example, is it really true that free trade is a good thing? Especially if you are in a western country whose workforce are going to be undercut by developing economies? At what point does the unemployment, cutting of real wages and inequalities become more of an issue than the cheaper products?
I addressed this point in The Discontented, because I think it's very important.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back. We need imports: we are not self sufficient in food or fuel. Not are we self sufficient in the fertilizer (nitrogen, phosphates or potassium) to grow food, should we so wish.
Assume for a second there were no ill effects from protecting our domestic industries. We would still get poorer in this world, because as China and India grow, they will take a greater and greater share of the world's oil, natural gas, and the like. In this best case scenario, we'll get poorer because the cost of importing raw materials would rise.
But this too rosy. Attempting to protect - say - Port Talbot may make us more self sufficient in steel. (Although, of course, we still need to import the coal and the iron ore to make the steel.) But it would be at the expense of making British car makers pay more for their steel. Does that work?
Switzerland has some of the most expensive labour in the world. Yet it runs a visible goods trade surplus. Germany's labour is also now more expensive than ours, and it too runs a surplus.
These countries have set up their educational systems to produce people with the right skills. We have not. (The great irony is that we spend our lives worrying about grammar schools, when we already offer pretty good education to the top 10% of students today. It's the bottom 50% we utterly fail.) I hope that Mrs May and her team will not be so distracted by Brexit they fail to make the changes to our education and benefits system that our country so desperately needs.
Sirius Minerals are doing some interesting things in Yorkshire.
If that mine ever produces significant amounts of fertiliser in the middle of a national park I'll eat Vince Cables hat.
The stock market disagrees with you: Sirius Minerals has a billion pound market capitalisation.
Nearly half as valuable as Powa Technologies then...
I've never met Mr Wagner. And I'm sorry, it was a billion dollar market cap, not pounds.
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
Can't think of a public sector employee who is a household name.
Are roles like the Governor of the Bank of England considered a public sector employee / civil service post?
The weird thing is that this is also, clearly, a lie - as the CCTV footage shows. It's like they haven't even watched the vids. Bizarre.
The CCTV also has the geographical coordinates of where the train was when the footage of Corbyn walking past the empty seats was taken.....
51 deg 35' 35.0 N and 0 deg 06' 59.0W is just by the Alexandra Palace - well before Peterborough - so this 'seats became available after Peterborough' is just, well, horsefeathers....
The weird thing is that this is also, clearly, a lie - as the CCTV footage shows. It's like they haven't even watched the vids. Bizarre.
The CCTV also has the geographical coordinates of where the train was when the footage of Corbyn walking past the empty seats was taken.....
51 deg 35' 35.0 N and 0 deg 06' 59.0W is just by the Alexandra Palace - well before Peterborough - so this 'seats became available after Peterborough' is just, well, horsefeathers....
But that data could have been faked ;-)
If Virgin really want to bury him, they just have to tweet out an infographic showing this.
Re Port Talbot. Does it meaningfully reduce imports? You still need to buy coal from abroad and iron ore. In any case, I suspect mini-mills in the UK, attached to cheap CCGTs, are still going to outcompete PT in the medium term.
But I think the important bit is that there are high labour cost countries that have minimal unemployment, and which have vibrant manufacturing bases.
They didn't achieve this through protectionism. When you implement protectionism, what you get is industrialists bribing government ministers in return for tariffs for their particular industry. That does not end well.
____
In Germany's case, that's exactly how they achieved it. Germany was industrialised by limiting British industrial imports. The rest of your point, I grant.
For example, is it really true that free trade is a good thing? Especially if you are in a western country whose workforce are going to be undercut by developing economies? At what point does the unemployment, cutting of real wages and inequalities become more of an issue than the cheaper products?
I addressed this point in The Discontented, because I think it's very important.
We - in the West - were rich because we had a monopoly on manufacturing. There was this magic we could do, that those in Africa, the Middle East, Asia, and Latin America, could not. They competed to send us commodities. We sent back manufactured goods in return.
That monopoly is now gone.
It will never come back. We need imports: we are not self sufficient in food or fuel. Not are we self sufficient in the fertilizer (nitrogen, phosphates or potassium) to grow food, should we so wish.
Assume for a second there were no ill effects from protecting our domestic industries. We would still get poorer in this world, because as China and India grow, they will take a greater and greater share of the world's oil, natural gas, and the like. In this best case scenario, we'll get poorer because the cost of importing raw materials would rise.
But this too rosy. Attempting to protect - say - Port Talbot may make us more self sufficient in steel. (Although, of course, we still need to import the coal and the iron ore to make the steel.) But it would be at the expense of making British car makers pay more for their steel. Does that work?
Switzerland has some of the most expensive labour in the world. Yet it runs a visible goods trade surplus. Germany's labour is also now more expensive than ours, and it too runs a surplus.
These countries have set up their educational systems to produce people with the right skills. We have not. (The great irony is that we spend our lives worrying about grammar schools, when we already offer pretty good education to the top 10% of students today. It's the bottom 50% we utterly fail.) I hope that Mrs May and her team will not be so distracted by Brexit they fail to make the changes to our education and benefits system that our country so desperately needs.
Sirius Minerals are doing some interesting things in Yorkshire.
If that mine ever produces significant amounts of fertiliser in the middle of a national park I'll eat Vince Cables hat.
The stock market disagrees with you: Sirius Minerals has a billion pound market capitalisation.
There have been bubbles before, but good luck to them.
An American Facebook friend of mine was incredibly upset by the post. I told him to calm down.
Clearly he feels bad that the 13 States no longer enjoy benevolent government from London.
Even today, any American history of the revolutionary war can't resist painting the Redcoats as behaving in a way that'd have shamed the Waffen SS.
A watched a couple of episodes of TurN on Prime, and laughed.
It makes Cowboys and Indians look objective.
Apparently, the British army of the 18th century employed foppish, sadistic, homosexuals as its officers who enjoyed raping manly Scots, Irish, and US patriots.
Cold blooded murder, burning women and children alive, premeditated rape and punishment shootings.
You have to remember, there was no television in those days.
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
That is just cruel... spill (in private ofc) please!
I think it will leak eventually as a ton of people know now and it is relatively easy to verify a lot of the details. How they got caught is the best bit.
Ooooo. I have heard the most interesting piece of gossip. Well known former MP caught in bed with married senior public sector employee who is a household name.
MP_SE, are you an MP in the SE?
Although I live in the SE I am not an MP. The MP letters are meaningful to me though.
Looks like Corbyn thought the same as me as regards reserved seats, that you can't sit in them even if there's no-one there at the time. But that's wrong apparently.
If you ate past the station someone was supposed to be in the seat it's fair game.
Even if he thought he couldn't sit in those he tried making a political point when he was mistaken, at best that is silly and shows him as just another politician.
I'm sure this will mean nothing beyond amusing the Politically obsessed, though I thought the same of the Ed Stone, but it's still a needless story self created.
The weird thing is that this is also, clearly, a lie - as the CCTV footage shows. It's like they haven't even watched the vids. Bizarre.
The CCTV also has the geographical coordinates of where the train was when the footage of Corbyn walking past the empty seats was taken.....
51 deg 35' 35.0 N and 0 deg 06' 59.0W is just by the Alexandra Palace - well before Peterborough - so this 'seats became available after Peterborough' is just, well, horsefeathers....
But that data could have been faked ;-)
If Virgin really want to bury him, they just have to tweet out an infographic showing this.
I'm sure the footage of 'a family being upgraded to First Class' (from empty, unreserved seats) will be along soon......
Back to trains: How is that the railways in Europe are so much cheaper than those here?
This afternoon I picked my son up from Gatwick; he flew back from Rome after spending a month inter-railing around Europe. Though he had an inter-rail ticket some of those who from time to time were travelling with didn't and, if they were American, not have the skills of the internet to sort out the best deals and routes.
For example, it is he tells me, perfectly possible, without pre-booking, to do the four-hour journey from Munich to Prague for 36 Euros. The trick it would seem is to buy a ticket from Munich to the first stop over the border and get off, then buy a ticket from there to Prague.
Back to trains: How is that the railways in Europe are so much cheaper than those here?
This afternoon I picked my son up from Gatwick; he flew back from Rome after spending a month inter-railing around Europe. Though he had an inter-rail ticket some of those who from time to time were travelling with didn't and, if they were American, not have the skills of the internet to sort out the best deals and routes.
For example, it is he tells me, perfectly possible, without pre-booking, to do the four-hour journey from Munich to Prague for 36 Euros. The trick it would seem is to buy a ticket from Munich to the first stop over the border and get off, then buy a ticket from there to Prague.
On the whole tickets in Europe aren't as market based as here, but newspaper's making comparisons cherry-pick.
Comments
I'm tempted by this - especially as the PBFA Dublin Book Fair is approaching: http://www.pbfa.org/book-fairs/dublin-/4949
Of course, part of the railway (the tracks and signals) is renationalised already. Often its that bit that causes the problem.
What? How exactly would Russia be punished if you cannot punish it's athletes. The whole point is it wasn't a few bad apples but the apple grower who was the problem. The good apples may be put out, but we need to section off the Orchard for now.
http://www.bbc.co.uk/news/uk-37164297
That article might be the most stupid I've ever seen from the media.
It's more stupid than when Richard Bilton [BBC reporter] asked a Greek fireman "Is it dangerous?" [referring to a forest fire].
can see why Corbynistas are all screaming fake about #traingate https://t.co/RkL9eecKlk
Darren McCaffrey
BRACE. BRACE. Told statement from Team Corbyn coming shortly. #traingate
https://twitter.com/JananGanesh/status/768116250836807680
Protecting manufacturing and aiming for a balanced economy is not just an economic but a strategic issue.
Of course he is part of the conspiracy against JC
However, I trying to persuade Herself that once the cat goes through the last great cat flap we should take the train down to Lisbon and that involves a sleeper for the last leg. I am quite excited by the idea.
And he's burning down the commune
I spent a night camping out near there a few years ago, on top of the highest cliffs on the East Coast.
Team Corbyn respond to #traingate ... https://t.co/xWl24zuPsI
Now I'm tempted to do a piece headlined 'Jeremy Corbyn, the man who couldn't organise a farting contest in a baked bean factory'
piles of liesstatement might need a hurried rewrite...this really is like Ryan Lochte...we have the CCTV of you coming back to the village showing you will all the belonging you said were nicked...erhhh well I was still robbed of them bro...https://twitter.com/guyadams/status/768113913498050560
So was Corbyn sitting or lying on the train?
Of course the difference between bribery and lobbying is sometimes hard to distinguish, as Cameron once famously noted (then, as usual, failed to do anything about).
http://www.breitbart.com/national-security/2016/08/23/fbi-investigates-possible-beheading-attempt-virginia-suspect-may-islamic-state-recruit/
Yes it IS Breitbart but the Guardian ran a very complimentary article about the organisation
51 deg 35' 35.0 N and 0 deg 06' 59.0W is just by the Alexandra Palace - well before Peterborough - so this 'seats became available after Peterborough' is just, well, horsefeathers....
If Virgin really want to bury him, they just have to tweet out an infographic showing this.
Re Port Talbot. Does it meaningfully reduce imports? You still need to buy coal from abroad and iron ore. In any case, I suspect mini-mills in the UK, attached to cheap CCGTs, are still going to outcompete PT in the medium term.
But I think the important bit is that there are high labour cost countries that have minimal unemployment, and which have vibrant manufacturing bases.
They didn't achieve this through protectionism. When you implement protectionism, what you get is industrialists bribing government ministers in return for tariffs for their particular industry. That does not end well.
____
In Germany's case, that's exactly how they achieved it. Germany was industrialised by limiting British industrial imports. The rest of your point, I grant.
Reverse image search at google gives:
Irritating Gentleman - Berthold Woltze
Happy days.
Even if he thought he couldn't sit in those he tried making a political point when he was mistaken, at best that is silly and shows him as just another politician.
I'm sure this will mean nothing beyond amusing the Politically obsessed, though I thought the same of the Ed Stone, but it's still a needless story self created.
Harriet Harman on #traingate "It is slightly baffling.... I'm really baffled, I don't know what's going on."
NEW THREAD NEW THREAD
I've never used Google's image search.
http://order-order.com/2016/08/23/virgin-trains-discount-for-labour-party-conference/
This afternoon I picked my son up from Gatwick; he flew back from Rome after spending a month inter-railing around Europe. Though he had an inter-rail ticket some of those who from time to time were travelling with didn't and, if they were American, not have the skills of the internet to sort out the best deals and routes.
For example, it is he tells me, perfectly possible, without pre-booking, to do the four-hour journey from Munich to Prague for 36 Euros. The trick it would seem is to buy a ticket from Munich to the first stop over the border and get off, then buy a ticket from there to Prague.