Electric is going to so serious harm to them, if not kill them outright, if it ramps up quickly When is the first battery factory capable of supplying a mass market electric vehicle planned to start producing in Europe ? Five years' time ?
And much of their legacy engineering will be useless.
There are two elements to the battle - drivetrain efficiency and battery capability.
On drivetrain efficiency there didn't seem to be a battle. If the motor was poor or the car has the aerodynamics of a brick simply increase the battery size. It didn't matter that Tesla built huge cars because they had a big battery which charged quickly. Jaguar looked at the Tesla model, have tooled up to build an SUV (iPace) which is woefully inefficient just as the Koreans manage to create a drivetrain which sips power (Kona/Niro). Audi look set to follow Jag with a huge expensive inefficient SUV
On batteries its just just about size. Nissan dropped a 40kWh battery into the Facelifted Leaf but due to poor thermal management and cost-engineering meaning no active temperature management of the battery (no fan/heater) the car is a donkey unable to match smaller packed competitors.
The big European manufacturers are nowhere, with the efforts they plan to release in 2020 likely to match what is available from Asia now not what will be available in 2020. Ze Germans decided to fake an entry, greenwashing PHEV's with no EV range into existing cars only for WLTP to kill them. And Ford, PSA/Vauxhall are nowhere.
The article seems to suggest either/or choice of Confidence vote or referendum. Don't see why we couldn't have multiple confidence votes - every time the PM hits a milestone and fails/makes no progress we could table a vote, forcing Tory/DUP members to make a decision when they are their highest point of anger with the PM
O/t first day of my son's economics competition today. Out of 1700 teams from all around the UK they are currently 5th. Long way to go of course but the top 500 make the next round.
I am halfway through reading the Cox report. It is withering.
Why she needs her homework marked by some other "independent" body beats me. Those who are suggesting yet another review are doing so in order to avoid confronting what she says and what it means for them. As well as being bullies they are cowards.
There is much in this report for other organisations to digest and learn from.
O/T it seems that Nevada might be moving out of reach for the Democrats now.
I haven't really been following Nevada, it seems to have slipped slowly, glacially, inevitably away from the Dems. Is there a story that goes with it? Harry Reid's machine being dismantled?
Ermmm....to be fair to Trump...will shower in a mo as feel dirty....in that video he is talking about deals with individuals over real estate. That isn't what most people would describe as "financial interests" with the Saudi (state).
Its a bit like saying you have no financial interests with the Russia, but you have flogged Roman Abramovich some real estate. I think it is fair to say you don't.
That all been said, would we be surprised if he had.
The article seems to suggest either/or choice of Confidence vote or referendum. Don't see why we couldn't have multiple confidence votes - every time the PM hits a milestone and fails/makes no progress we could table a vote, forcing Tory/DUP members to make a decision when they are their highest point of anger with the PM
Reading the article, it looks as though the proponents are MPs keen to avoid a soft Brexit vs No Brexit choice. I don't think there's much point at the moment - it would push the rival Tory factions together.
Electric is going to so serious harm to them, if not kill them outright, if it ramps up quickly When is the first battery factory capable of supplying a mass market electric vehicle planned to start producing in Europe ? Five years' time ?
And much of their legacy engineering will be useless.
There are two elements to the battle - drivetrain efficiency and battery capability.
On drivetrain efficiency there didn't seem to be a battle. If the motor was poor or the car has the aerodynamics of a brick simply increase the battery size. It didn't matter that Tesla built huge cars because they had a big battery which charged quickly. Jaguar looked at the Tesla model, have tooled up to build an SUV (iPace) which is woefully inefficient just as the Koreans manage to create a drivetrain which sips power (Kona/Niro). Audi look set to follow Jag with a huge expensive inefficient SUV
On batteries its just just about size. Nissan dropped a 40kWh battery into the Facelifted Leaf but due to poor thermal management and cost-engineering meaning no active temperature management of the battery (no fan/heater) the car is a donkey unable to match smaller packed competitors.
The big European manufacturers are nowhere, with the efforts they plan to release in 2020 likely to match what is available from Asia now not what will be available in 2020. Ze Germans decided to fake an entry, greenwashing PHEV's with no EV range into existing cars only for WLTP to kill them. And Ford, PSA/Vauxhall are nowhere.
Battery tech can be commoditised. I can't see the large car manufacturers [successfully] moving into battery production or development. Tesla has a leading edge here, and I think Musk would happily sell batteries to all and sundry given a long-enough contract.
Ze Germans - and all other 'legacy' car makers - should concentrate on the packaging and handling and spend all their efforts re-writing their Big Book Of How To Design A Car. Engine at the front; boot at the back? In the bin. Working around where you 'know' the steering and transmission linkages are? Take it to the tip. Reserving space for the exhaust? Consign to the round file. Etc, etc.
O/t first day of my son's economics competition today. Out of 1700 teams from all around the UK they are currently 5th. Long way to go of course but the top 500 make the next round.
I did not know there was a Bolton in Cumbria. The only one I know is in NW Manchester
The Conservatives would never lose Thirsk and Malton in North Yorkshire .It is true blue in every sense How the sun made that assessment makes no sense. York Outer would be a better bet.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
Had trouble getting to sleep last night so I listened to radio 4 (Today program) instead of my usual World Service.
3 phrases were hammered into my head over the next 30 minutes - 'universal credit(?)', Brexit, and 'back stop'. Other than brexit they were all new to me.
Is it really that FUBAR over there?
Yes
Well, yes. But I'm not sure that the fact that you've never heard of Universal Credit or the backstop issue tells us more than that you aren't following UK politics closely. No reason why you should, but the issues are genuine conundrums - the former risks devastating some low-income families as a side-effect of generally positive moves, the latter is the key Brexit issue.
The article seems to suggest either/or choice of Confidence vote or referendum. Don't see why we couldn't have multiple confidence votes - every time the PM hits a milestone and fails/makes no progress we could table a vote, forcing Tory/DUP members to make a decision when they are their highest point of anger with the PM
The only interesting thing about it is the media finally picking up on what Big G pointed out on here straight away more than 24 hours ago, May handing no deal over to parliament.
What doesn’t help Britain is the political commentators in old fashioned British print and TV media, columnists, commentators like Peston etc, are shit. They are slow. They don’t grasp the key points. They dine out on their next exclusive interview, that’s all. They don’t serve the public.
O/t first day of my son's economics competition today. Out of 1700 teams from all around the UK they are currently 5th. Long way to go of course but the top 500 make the next round.
How does an economics competition work?
You make up forecasts. The one which gathers the most opprobrium from Brexiteers or Climate Deniers gets ranked highest.
The competition has been going on for several years now.
I assume the deficit isn’t at 17%. I don’t suppose you have the actual numbers on hand?
$779 billion deficit.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
In fairness it would be pretty remarkable if a tax cut generated sufficient additional activity/profits to pay for itself in year one. 5 years would be a better time period. But I do think Trump is being reckless with the deficit.
The article seems to suggest either/or choice of Confidence vote or referendum. Don't see why we couldn't have multiple confidence votes - every time the PM hits a milestone and fails/makes no progress we could table a vote, forcing Tory/DUP members to make a decision when they are their highest point of anger with the PM
The only interesting thing about it is the media finally picking up on what Big G pointed out on here straight away more than 24 hours ago, May handing no deal over to parliament.
What doesn’t help Britain is the political commentators in old fashioned British print and TV media, columnists, commentators like Peston etc, are shit. They are slow. They don’t grasp the key points. They dine out on their next exclusive interview, that’s all. They don’t serve the public.
Well, no, apart from the BBC they absolutely don't 'serve' the public. That's what a Free Press is. And it should be cherished.
I am halfway through reading the Cox report. It is withering.
Why she needs her homework marked by some other "independent" body beats me. Those who are suggesting yet another review are doing so in order to avoid confronting what she says and what it means for them. As well as being bullies they are cowards.
There is much in this report for other organisations to digest and learn from.
O/T it seems that Nevada might be moving out of reach for the Democrats now.
I haven't really been following Nevada, it seems to have slipped slowly, glacially, inevitably away from the Dems. Is there a story that goes with it? Harry Reid's machine being dismantled?
It's puzzling. It's a purple State, and Heller is not especially popular or unpopular, but this should be a better year for the Democrats than 2012 when it was last contested.
Battery tech can be commoditised. I can't see the large car manufacturers [successfully] moving into battery production or development. Tesla has a leading edge here, and I think Musk would happily sell batteries to all and sundry given a long-enough contract.
Ze Germans - and all other 'legacy' car makers - should concentrate on the packaging and handling and spend all their efforts re-writing their Big Book Of How To Design A Car. Engine at the front; boot at the back? In the bin. Working around where you 'know' the steering and transmission linkages are? Take it to the tip. Reserving space for the exhaust? Consign to the round file. Etc, etc.
Indeed. We already have a few battery makers selling the same pack to different manufacturers. Nissan sold their in-house battery production, and my understanding is that the LG 64kWh pack bound the Leaf is the same LG 64kWh pack in both the Kona and Niro. Mass production of a modular pack should give different space/size options which manufacturers then build their cars around, much as Tesla did so brilliantly.
Which then leaves the car manufacturers to do the bits they are good at - packaging, comfort, convenience. I suspect that the majority of EVs will continue to platform share with ICE variants for now - Mitsubishi and Hyundai have done this brilliantly, as have Nissan with a Leaf they build on the same line as Jukes. As ICE drops in sales volume thats where we will see the real innovation in packaging.
Is he the guy who killed the giant with the slingshot?
That was a piece of cake. Picking winners out of 150 shares, that's a proper challenge. One of their shares they researched and selected is up 7% today.
Assuming that Trump is an 'average' European American, it's likely he has more Indian heritage than Elizabeth Warren, who has substantially less Native American DNA than the average European American. Even the Cherokees have utterly disowned her.
It's hard to imagine how this could have gone worse for her.
Battery tech can be commoditised. I can't see the large car manufacturers [successfully] moving into battery production or development. Tesla has a leading edge here, and I think Musk would happily sell batteries to all and sundry given a long-enough contract.
Ze Germans - and all other 'legacy' car makers - should concentrate on the packaging and handling and spend all their efforts re-writing their Big Book Of How To Design A Car. Engine at the front; boot at the back? In the bin. Working around where you 'know' the steering and transmission linkages are? Take it to the tip. Reserving space for the exhaust? Consign to the round file. Etc, etc.
Indeed. We already have a few battery makers selling the same pack to different manufacturers. Nissan sold their in-house battery production, and my understanding is that the LG 64kWh pack bound the Leaf is the same LG 64kWh pack in both the Kona and Niro. Mass production of a modular pack should give different space/size options which manufacturers then build their cars around, much as Tesla did so brilliantly.
Which then leaves the car manufacturers to do the bits they are good at - packaging, comfort, convenience. I suspect that the majority of EVs will continue to platform share with ICE variants for now - Mitsubishi and Hyundai have done this brilliantly, as have Nissan with a Leaf they build on the same line as Jukes. As ICE drops in sales volume thats where we will see the real innovation in packaging.
I read a comment on the Hyundai Kona electric which seems to confirm it has the same battery issues the Leaf has (no battery temparature management) so I suspect they are the same pack.
It's surprising that the issue hasn't been picked up and resolved though but I suppose in the rush to get cars out on the market it shouldn't be.
I do suspect that tomorrow I will be collecting my last non-electric car...
O/T it seems that Nevada might be moving out of reach for the Democrats now.
I haven't really been following Nevada, it seems to have slipped slowly, glacially, inevitably away from the Dems. Is there a story that goes with it? Harry Reid's machine being dismantled?
It's puzzling. It's a purple State, and Heller is not especially popular or unpopular, but this should be a better year for the Democrats than 2012 when it was last contested.
My hunch has always been that the Democrats are repeating the Ed Miliband strategy: just screaming and screaming about how bad the incumbent is (very often with good cause), without actually giving an alternative agenda. But, usually, that strategy just doesn't get the voters out.
I'll defer to the people paying more attention to US politics than me, but what exactly are the Democrats' big causes at the moment? I've only seen a bit about extending Medicare (and even the details on that are quite vague), but little else.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
O/T it seems that Nevada might be moving out of reach for the Democrats now.
I haven't really been following Nevada, it seems to have slipped slowly, glacially, inevitably away from the Dems. Is there a story that goes with it? Harry Reid's machine being dismantled?
It's puzzling. It's a purple State, and Heller is not especially popular or unpopular, but this should be a better year for the Democrats than 2012 when it was last contested.
My hunch has always been that the Democrats are repeating the Ed Miliband strategy: just screaming and screaming about how bad the incumbent is (very often with good cause), without actually giving an alternative agenda. But, usually, that strategy just doesn't get the voters out.
I'll defer to the people paying more attention to US politics than me, but what exactly are the Democrats' big causes at the moment? I've only seen a bit about extending Medicare (and even the details on that are quite vague), but little else.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
It will end in tears. But not until after Trump is re-elected.
I read a comment on the Hyundai Kona electric which seems to confirm it has the same battery issues the Leaf has (no battery temparature management) so I suspect they are the same pack.
It's surprising that the issue hasn't been picked up and resolved though but I suppose in the rush to get cars out on the market it shouldn't be.
I do suspect that tomorrow I will be collecting my last non-electric car...
Kona has active thermal management, Leaf does not. Leaf 40kWh battery chemistry is different to the LG packs used by Hyundai as well. Having watched various long term and long rage tests with both the Kona and Niro is various temperatures I'm not aware of problems.
As for your last comment I am in full agreement. We ran a Leaf 24kWh for 3 years and I want to replace my company Outlander PHEV with a full EV now that long range is available at normal prices. Looks like a list of 3 - Kona, Niro, Leaf (with the bigger LG battery and active thermal management)
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
It will end in tears. But not until after Trump is re-elected.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
It will end in tears. But not until after Trump is re-elected.
Even if your kid wins the economics competition?
I was talking about the USA. They are exploiting their safe haven status to basically rip off the rest of the world by selling dollars that should be discounted in their future value. The easiest way out of this sort of deficit/debt is inflation.
It's particularly worrying when you look at Gross Fixed Capital Formation as a percentage of GDP. (Which is investment plus inventory build.)
Switzerland 25% Sweden 25% Norway 24% Austria 24% Ireland 23% Belgium 23% Finland 23% France 23% Spain 21% Germany 20% Netherlands 20% UK 17%
We have low levels of investment growth, off already low levels of investment.
The tables we are top of are growth in consumer debt, proportion of income spent, current account deficit, and consumer spend as a percentage of GDP.
Yay, yellow boxes are back! We have a lot wrong with our economy but is there an argument that you need a lot more GFCF if you are specialising in high end manufacturing as opposed to services such as finance, law, accountancy etc. ?
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
It will end in tears. But not until after Trump is re-elected.
Even if your kid wins the economics competition?
I was talking about the USA. They are exploiting their safe haven status to basically rip off the rest of the world by selling dollars that should be discounted in their future value. The easiest way out of this sort of deficit/debt is inflation.
Send him over here - we need him! I have 4 spare bedrooms. We have RobD here already, but he's been about as much use as me.
The article seems to suggest either/or choice of Confidence vote or referendum. Don't see why we couldn't have multiple confidence votes - every time the PM hits a milestone and fails/makes no progress we could table a vote, forcing Tory/DUP members to make a decision when they are their highest point of anger with the PM
The only interesting thing about it is the media finally picking up on what Big G pointed out on here straight away more than 24 hours ago, May handing no deal over to parliament.
What doesn’t help Britain is the political commentators in old fashioned British print and TV media, columnists, commentators like Peston etc, are shit. They are slow. They don’t grasp the key points. They dine out on their next exclusive interview, that’s all. They don’t serve the public.
Well, no, apart from the BBC they absolutely don't 'serve' the public. That's what a Free Press is. And it should be cherished.
That’s the most dangerous nonsense I have ever heard. The definition of a free press being cherished just because it’s free, no quality angle on it at all. If something’s rubbish, it’s rubbish. Rubbish can’t be defended on the grounds it’s a free society, so they are entitled to keep their job and you can’t crticise them for being rubbish. That’s not freedom, you're getting confused with anarchy.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
It will end in tears. But not until after Trump is re-elected.
Even if your kid wins the economics competition?
I was talking about the USA. They are exploiting their safe haven status to basically rip off the rest of the world by selling dollars that should be discounted in their future value. The easiest way out of this sort of deficit/debt is inflation.
Send him over here - we need him! I have 4 spare bedrooms. We have RobD here already, but he's been about as much use as me.
Unfortunately I know bugger all about economics, other than it is bad when some numbers are bigger than others, but sometimes good.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
It will end in tears. But not until after Trump is re-elected.
Even if your kid wins the economics competition?
I was talking about the USA. They are exploiting their safe haven status to basically rip off the rest of the world by selling dollars that should be discounted in their future value. The easiest way out of this sort of deficit/debt is inflation.
Send him over here - we need him! I have 4 spare bedrooms. We have RobD here already, but he's been about as much use as me.
Unfortunately I know bugger all about economics, other than it is bad when some numbers are bigger than others, but sometimes good.
Sounds to me like you've got all the essentials down.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
It will end in tears. But not until after Trump is re-elected.
Even if your kid wins the economics competition?
I was talking about the USA. They are exploiting their safe haven status to basically rip off the rest of the world by selling dollars that should be discounted in their future value. The easiest way out of this sort of deficit/debt is inflation.
Send him over here - we need him! I have 4 spare bedrooms. We have RobD here already, but he's been about as much use as me.
Unfortunately I know bugger all about economics, other than it is bad when some numbers are bigger than others, but sometimes good.
If your number is 1/1024, and everyone else's number is bigger, for you it's not good. I predict that the nickname 'Pocahontas' is here to stay for the 2020 election.
BTW, I must acknowledge that @Alastair_Meeks is right as usual. We have much more dangerous dictatorships than the EU to worry about. Real threats to our way of life, like Fitbit. I am off to do my 250 steps before the hour is up.
BTW, I must acknowledge that @Alastair_Meeks is right as usual. We have much more dangerous dictatorships than the EU to worry about. Real threats to our way of life, like Fitbit. I am off to do my 250 steps before the hour is up.
Even Mussolini couldn't get people to stand up ten minutes before the hour and wave their hands around.
The article seems to suggest either/or choice of Confidence vote or referendum. Don't see why we couldn't have multiple confidence votes - every time the PM hits a milestone and fails/makes no progress we could table a vote, forcing Tory/DUP members to make a decision when they are their highest point of anger with the PM
The only interesting thing about it is the media finally picking up on what Big G pointed out on here straight away more than 24 hours ago, May handing no deal over to parliament.
What doesn’t help Britain is the political commentators in old fashioned British print and TV media, columnists, commentators like Peston etc, are shit. They are slow. They don’t grasp the key points. They dine out on their next exclusive interview, that’s all. They don’t serve the public.
Well, no, apart from the BBC they absolutely don't 'serve' the public. That's what a Free Press is. And it should be cherished.
If a journalist said sky’s green grass is blue, we would both defend them on grounds in free society they are entitled to say that, but they are still talking rubbish. That’s where you have embarrassed yourself. It’s not just the state media serving the people, The quality angle in all journalism is what serves the people. In free society we can call out their mistakes, and call them rubbish, in philosophical construct you put forward, it doesn’t need quality in all journalism to serve the people. It’s an important lesson you need to learn, because instead of “sky’s green grass is blue” it could be “greed driven gospels” or “communism”. People like you have no idea what made Britain great in the first place.
Thanks! So ~3.5%? Not terrible, but clearly not moving in the right direction!
https://www.cbo.gov/publication/53651 "In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
I stand corrected.. not even moving in the right direction.
It will end in tears. But not until after Trump is re-elected.
Even if your kid wins the economics competition?
I was talking about the USA. They are exploiting their safe haven status to basically rip off the rest of the world by selling dollars that should be discounted in their future value. The easiest way out of this sort of deficit/debt is inflation.
Send him over here - we need him! I have 4 spare bedrooms. We have RobD here already, but he's been about as much use as me.
Unfortunately I know bugger all about economics, other than it is bad when some numbers are bigger than others, but sometimes good.
Economics - The Dismal Science.
The phrase "the dismal science" first occurs in Thomas Carlyle's 1849 tract called Occasional Discourse on the Negro Question, in which he argued in favor of reintroducing slavery in order to restore productivity to the West Indies:
"Not a "gay science", I should say, like some we have heard of; no, a dreary, desolate and, indeed, quite abject and distressing one; what we might call, by way of eminence, the dismal science.[2]
It was "dismal" in "finding the secret of this Universe in 'supply and demand".
The key development was yesterday when May announced if she cannot reach agreement with the EU she will hand the decision on what to do next over to Parliament
This cycle of repeatedly reacting to crises only after they have developed into crises, and sometimes only after unwelcome publicity, is a perilous approach to adopt for any organisation, but it is completely hopeless for a place of work.
She has obviously read Cyclefree's 10 Stages of a Crisis, which I have posted on here before. That is standard MO for most organisations caught up in problems.
See, for instance, banks, Oxfam, News International, the police, the NHS.
Comments
https://twitter.com/MattChorley/status/1052207831250694144
https://twitter.com/GuidoFawkes/status/1052207843741446144
On drivetrain efficiency there didn't seem to be a battle. If the motor was poor or the car has the aerodynamics of a brick simply increase the battery size. It didn't matter that Tesla built huge cars because they had a big battery which charged quickly. Jaguar looked at the Tesla model, have tooled up to build an SUV (iPace) which is woefully inefficient just as the Koreans manage to create a drivetrain which sips power (Kona/Niro). Audi look set to follow Jag with a huge expensive inefficient SUV
On batteries its just just about size. Nissan dropped a 40kWh battery into the Facelifted Leaf but due to poor thermal management and cost-engineering meaning no active temperature management of the battery (no fan/heater) the car is a donkey unable to match smaller packed competitors.
The big European manufacturers are nowhere, with the efforts they plan to release in 2020 likely to match what is available from Asia now not what will be available in 2020. Ze Germans decided to fake an entry, greenwashing PHEV's with no EV range into existing cars only for WLTP to kill them. And Ford, PSA/Vauxhall are nowhere.
If there isn't a tweet there is always a video
https://twitter.com/RobertMaguire_/status/1052191332897357824
O/T it seems that Nevada might be moving out of reach for the Democrats now.
Just a majority of a 24,966 (41.0%)!!!!!
The waves will take us all before the red peril makes it that far
I hope you'll link to your piece on here when it's done.
Its a bit like saying you have no financial interests with the Russia, but you have flogged Roman Abramovich some real estate. I think it is fair to say you don't.
That all been said, would we be surprised if he had.
Ze Germans - and all other 'legacy' car makers - should concentrate on the packaging and handling and spend all their efforts re-writing their Big Book Of How To Design A Car. Engine at the front; boot at the back? In the bin. Working around where you 'know' the steering and transmission linkages are? Take it to the tip. Reserving space for the exhaust? Consign to the round file. Etc, etc.
How the sun made that assessment makes no sense.
York Outer would be a better bet.
"In CBO’s projections, budget deficits continue increasing after 2018, rising from 4.2 percent of GDP this year to 5.1 percent in 2022 (adjusted to exclude the shifts in timing). That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Deficits remain at 5.1 percent between 2022 and 2025 before dipping at the end of the period, primarily because some tax provisions are scheduled to expire under current law, boosting revenues. Over the 2021–2028 period, projected deficits average 4.9 percent of GDP; the only time since World War II when the average deficit has been so large over so many years was after the 2007–2009 recession."
What doesn’t help Britain is the political commentators in old fashioned British print and TV media, columnists, commentators like Peston etc, are shit. They are slow. They don’t grasp the key points. They dine out on their next exclusive interview, that’s all. They don’t serve the public.
The competition has been going on for several years now.
Which then leaves the car manufacturers to do the bits they are good at - packaging, comfort, convenience. I suspect that the majority of EVs will continue to platform share with ICE variants for now - Mitsubishi and Hyundai have done this brilliantly, as have Nissan with a Leaf they build on the same line as Jukes. As ICE drops in sales volume thats where we will see the real innovation in packaging.
https://twitter.com/realDonaldTrump/status/1052168909665824769
I'm revisiting my retirement plans at the moment.
It's hard to imagine how this could have gone worse for her.
It's surprising that the issue hasn't been picked up and resolved though but I suppose in the rush to get cars out on the market it shouldn't be.
I do suspect that tomorrow I will be collecting my last non-electric car...
I'll defer to the people paying more attention to US politics than me, but what exactly are the Democrats' big causes at the moment? I've only seen a bit about extending Medicare (and even the details on that are quite vague), but little else.
https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/businessinvestment/apriltojune2018revisedresults
The numbers for the budget deficit quoted are through to end September. The CBO just upped their forecast for 2018 deficit to 4.4% of GDP and for 2019 to 5.1%.
Do you know how many years between 1947 and 2007, the US had a deficit above 5%?
Impeach Kavanaugh.
Launch investigations on everything Trumpian.
Increase taxes
Repeat
As for your last comment I am in full agreement. We ran a Leaf 24kWh for 3 years and I want to replace my company Outlander PHEV with a full EV now that long range is available at normal prices. Looks like a list of 3 - Kona, Niro, Leaf (with the bigger LG battery and active thermal management)
The tables we are top of are growth in consumer debt, proportion of income spent, current account deficit, and consumer spend as a percentage of GDP.
https://www.independent.ie/business/brexit/tnaiste-dismisses-claim-some-in-europe-want-brexit-border-issue-postponed-37426591.html
https://www.property118.com/stopped-letting-properties-fergus-wilson/
More relevant would be new busines investment as a proportion of the existing stock of business investment by country.
https://www.youtube.com/watch?v=RghKdGn8h5A
It’s an important lesson you need to learn, because instead of “sky’s green grass is blue” it could be “greed driven gospels” or “communism”.
People like you have no idea what made Britain great in the first place.
The phrase "the dismal science" first occurs in Thomas Carlyle's 1849 tract called Occasional Discourse on the Negro Question, in which he argued in favor of reintroducing slavery in order to restore productivity to the West Indies:
"Not a "gay science", I should say, like some we have heard of; no, a dreary, desolate and, indeed, quite abject and distressing one; what we might call, by way of eminence, the dismal science.[2]
It was "dismal" in "finding the secret of this Universe in 'supply and demand".
See, for instance, banks, Oxfam, News International, the police, the NHS.