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Monthly Archives: October 2008
“Rejoice! Rejoice! Rejoice”
These words were Margaret Thatcher’s response when told that Port Stanley had been re-taken and that the Falklands Islands were back under British control. They also seemed the ideal injunction as we celebrated the Twentieth anniversary of her famous Bruges … Continue reading
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Monetary Union: the Cracks Widen
We all remember the old schoolboy joke: “What’s a Grecian Urn?”. Answer: “About a hundred Drachma a week”. There’s an up-dated 20th century version of that: “What’s the capital of Iceland?”. No, not Reykjavik. The answer is “A couple of … Continue reading
Imperial Measures: a Partial Victory
I welcome the British government’s decision to advise councils not to prosecute traders for selling goods in Imperial measures. But I am concerned that the law is still on the statute book, and that traders selling a pound of potatoes … Continue reading
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Global Cooling continues
This graph shows average global temperature records for the last five years from two of the world’s most respected meteorological institutes, the UK’s Hadley Centre, and the University of Alabama in the US. Both show a clear downward trend, and … Continue reading
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Oil Industry Profits and Windfall Taxes
Tabloid headlines are obsessed with the notion that big oil equals big profits. Type “Shell” into online media search engines and up pop the following examples: “Shell’s ‘obscene’ £13.9billion profit is biggest ever by British company” (Daily Mail); “Shell records … Continue reading
Sarkozy loses his marbles
A couple of weeks ago, French President Nicholas Sarkozy, currently President-in-Office of the European Council during the French Presidency of the EU, proposed a European bail-out fund for Europe’s financial institutions. This was not well received. But now the irrepressible … Continue reading
Watch out for the carborexics!
Psychiatrists in the US have identified a new disease. They have described what they call “Dark Green Carborexics”, who they say are not so much eco-campaigners as “obsessive/compulsive” types. In their determination to reduce the perceived dangers to the … Continue reading
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Colin Powell tells it like it is
Or maybe not. Colin Powell, the highly respected former Defence Secretary in a Republican Administration, has backed Senator Obama in the US Presidential race, calling him a “Generational change” and a “Transformational figure”. Of Governor Sarah Palin, the Republican candidate … Continue reading
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Politics v. Science
OK. Here comes a big dose of self-justification. I recently published on Conservative Home an article on climate change, and why I disagree with the alarmist position. It attracted a huge response, much of it positive, but of course … Continue reading
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Market failure? Or policy and regulatory failure?
The conventional wisdom is that the current financial crisis marks the failure of markets, possibly the end of capitalism. We have had Will Hutton doing the rounds of the media studios pouring scorn on anyone who has a good word … Continue reading
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How to spend money without influencing people
Let’s try a thought experiment. The local shop has run out of your usual baby formula for your bouncing six-month-old. But they offer you a Chinese substitute. Naturally, you’re worried, because you’ve read about Chinese milk products in the paper. … Continue reading
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Stop worrying about global warming
The idea of the “tipping point” is fashionable, cogent and attractive. It is a concept that applies in many walks of life. But like any compelling concept, it is sometimes applied inappropriately. The climate alarmists are warning of a tipping … Continue reading