Thursday , June 22 2017
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Tim Watkins

Science ‘v’ Economics criticisms work both ways

Fish counter

These days it is almost a given that economics is not grounded in reality.  As the old joke has it: Q: What do you call an economist who makes a prediction? A: Wrong. The failure of thousands of extremely well-paid economists to see the 2008 crash coming did irrevocable harm …

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Is Britain on the edge of disaster?

Is Britain on the edge of disaster?

On a cold Sunday in December a subcontract electrician makes some final changes to a railway signalling circuit.  The electrician is at the end of his thirteenth consecutive week of seven day working.  He is not entirely sure that the work he has done is correct.  But any problems will …

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The second Grenfell disaster has already begun

Grenfell Fire Disaster

If official estimates of fatalities are correct, then the Grenfell fire will be Britain’s fourth worst (non-terror related) disaster in modern times.  If estimates made by residents themselves prove to be correct, it may even be the worst – overtaking the Hillsborough, Piper Alpha and Herald of Free Enterprise disasters.  …

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Not the Brexit election Mrs May expected

UK election 2017

The British general election on 8 June was meant to be The Brexit Election that would provide incumbent Prime Minister Theresa May with the strong and stable majority with which to go into battle against the EU 27. It didn’t turn out that way though.  A strong Labour campaign worked …

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Cuadrilla responds to financial pressures

Cuadrilla financial problem

Just months Cuadrilla’s CEO Francis Egan raised questions about the profitability of UK fracking; he has taken an axe to the company’s finances.  According to Jillian Ambrose in the Telegraph: “Cuadrilla has cut deep into its spending and reduced its workforce by a fifth to stem its mounting losses… “The …

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Please stop chanting greenwash

chanting greenwash

Chanting is a practice found in most religious and spiritual practices.  In yoga, for example, the sound OM is chanted repetitively until it loses any cognitive meaning and simply becomes pure sound vibration.  Recently I have begun to wonder if repeating that this or that country just generated all of …

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Britain’s coming food crisis

Food riots coming to a city near you

It is no accident that we remember Marie Antoinette for supposedly saying “Qu’ils mangent de la brioche (let them eat cake).”  Whether she actually said it is irrelevant.  The fact is that the French Revolution evolved out of food shortages that forced the desperate poor to take to the streets …

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How the Tories’ magic money tree works

Tory #magicmoneytree

As the British general election enters its final week social media users have been bombarded by Tory trolls using #magicmoneytree to imply that Labour cannot be trusted on the economy.  The irony here is that the majority of Tory MPs and almost all of their non-banking supporters are entirely ignorant …

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Third Energy seeks to expand

Third Energy shares gamble

Third Energy, the fracking company that was recently dumped by Barclays, is reported to be exploring a public share offering to raise money to further its operations.  According to Laurence Kilgannon at Insider Media: “The business could raise as much as £250m to help extract the gas it has identified …

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