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Wednesday 16 November 2011

Len Freeman | 11:11 UK time, Wednesday, 16 November 2011

As the Bank of England Governor Sir Mervyn King cuts the UK economic growth forecast to just 1%, what options for manoeuvre does this leave Chancellor George Osborne? David Grossman will take a close look at today's figures.

We also have a film on Vulture funds. Charities are calling for Britain's Privy Council to block an American speculator from taking $100m (£63m) from the Democratic Republic of Congo through a 'vulture fund' which sued in Jersey. We'll have a full report.

Plus the latest in the race for the Republican leadership in the US ahead of next year's presidential election.

Do join Jeremy at 10.30pm.

Comments

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  • Comment number 1.

    Chancellor can selectively and permanently cut VAT to zero on many vital multiplier effect British made/grown products - & raise VAT on other goods that cost UK money e.g. high value import vehicles, alchohol, tobacco, porn industry, replica firearms etc & other nasties.

    Vat can be used as a very effective import & export tariff with some help from Customs & Excise who have some very good people there.

    This could have have immediate effect & benefits - no other growth plan can have immediate effect like this - as will otherwise take years & years to produce anything.

    Other measures - require all immigrants to buy private health insurance, housing, behaviour bonds etc - worth about £30 - £50 billion a year - its not peanuts is it?

    Things are getting desperate & need action - need more carrot & stick - tax the problems & incentivise the solutions & stop the City of London protectionism for political donations as other parts of economy need help besides City of London.

    £275 bn in QE has passed through the profit accounts of wealthiest 1% of UK population - disgraceful - ******* **** fire.

    Chancellor needs to take risks here & be prepared to upset vested interests - otherwise he'll be heading to be toast like the rest of us.

  • Comment number 2.

    This sort of explains the latest unemployment stats out today, the corporates have no intention of taking on extra paid staff for the run up to Xmas if they can get virtual slaves from the DWP instead.

    https://apps.facebook.com/theguardian/society/2011/nov/16/young-jobseekers-work-pay-unemployment

  • Comment number 3.

    ANY WAY OF AVOIDING FACEBOOK BRO?

    I don't Twitter, Ebay, Facebook, Paypal or bank online.

    Feeling deprived.

  • Comment number 4.

    All this user's posts have been removed.Why?

  • Comment number 5.

    4.At 16:48 16th Nov 2011, Delusionist wrote:
    @1 Nautonier.
    I don`t think anything so superficial is going to work until the entire world sees that
    ++

    There's nothing else to look forward to?

  • Comment number 6.

    #3 barrie

    Why blind yourself in one eye for the sake of principle, there is loads on facebook which would probably interest you if you were only prepared to take the ideological plunge into the " unknown " !

  • Comment number 7.

    ARE THE MOST EFFECTIVE CONSTRAINTS EMBARRASSMENT, SHAME, DISHONOUR and LOSS OF FACE? (#4)

    Rather than punishment. Of course, you need a positive CULTURE.

    Nuff sed.

  • Comment number 8.

    MISSION ACCOMPLISHED

    Women are boxing in Afghanistan. National Lottery next. Casinos, lap-dancing . . .

    Nuff sed

  • Comment number 9.

    NOT IDEOLOGY BRO - FEAR OF BEING SUCKED IN AND TAKEN OVER FACEBOOKPHOBIA! (#6)

    I suspect you have something similar tucked away . . .

  • Comment number 10.

    #9 barrie

    I don't do ebay. paypal or twitter !

  • Comment number 11.

    All this user's posts have been removed.Why?

  • Comment number 12.

    The reason why many employers are so reluctant to recruit young people today is because they are aware of the (well documented) poverty of cognitive and other abilities amongst the young due to the past higher birth rate in the lower half of the Bell Curve. People here need to come to grips with this, as educating the other half just makes the problem worse in the longer term.

    This is a sound Behavioural Economic explanation for the data which the Governor of the BoE revised down today as projected economic "growth"
    and others report in terms of rising unemployment..

    This analysis is not to be confused with the NUDGE fudging Libertarians who have present themselves as "behavioural economists" (and as
    Libertarians) to the Cabinet Office in recent times, much as the New Left once presented themselves to a naive public as socialists.

    For some this will be a very difficult point to grasp. Think of lower cognitive ability as shorter attention span, impulsive behaviour and self-centredness. Then think predation, ageing, "wonga" and "quickquid" etc for the other end of the burgeoning not-so-smarts who can't find jobs. Entitlement? That's just part of arrested development.

  • Comment number 13.

    All this user's posts have been removed.Why?

  • Comment number 14.

    I have just seen Lord Lawson on the 5 pm BBC news outlining the impact of current energy policy and the 2008 Climate Change Act on today's unemployment figures. He outlined the RTZ aluminium plant closures due to increasing energy prices, highly energy intensive since it involves molten electrolysis, many other intensive energy users will probably also be considering their future. Of course JLR would appear to be bucking the trend but perhaps they have inside knowledge perhaps that Huhne will be forced to resign and the government can make a complete 180 U turn on its current foolishness ?

  • Comment number 15.

  • Comment number 16.

    WITH YOU ALL THE WAY DELUSIONIST (#11)

    Love the name, by the way. A chink of light here.

    http://www.youtube.com/watch?v=zDZFcDGpL4U

    Not the end of 'schooling' (more suited to fish) but a chance for 'the schooled' to KNOW they are in danger of institutionalisation and - with enlightened teachers (not fugitives from non-institutional life) they might emerge, little damaged!

    A massive threat to Westminster who will fight dirty, not 'make it so'.

  • Comment number 17.

    http://www.telegraph.co.uk/finance/economics/8894100/Sir-Mervyn-King-ECB-is-right-not-to-bail-out-eurozone.html

    - The Bank of England Governor said it was up to governments in the region, and not central banks, to prop up individual countries.

    "The European Central Bank feels and with total justification that it's not the job of a central bank to do something which a government could do perfectly well do itself, but doesn't particularly want to admit to doing," he said.

    "I think it's very important to recognise that there are circumstances when governments will try and put pressure on central banks to do things they would like central banks to do, in order to avoid their having to own up to the actions that they would like someone else to carry out."

    Of course it is up the Governments of Europe, because "Europe" is just a name for a part of the continent, like ASIA. What would someone say if there was talk of a Central Bank covering Pakistan, India and Bangladesh? Or all of the "former" Soviet Republics, or all of South America?

    The ECB It is NOT a Central Bank of a nation state. That is why it couldn't do what a Central Bank like the BoE or Federal Reserve did. Nor should it ever be said that it should do in the absence of a European Constitution (which was rejected by France and Holland in 2005). Mr King knows this, and so what is said above is political rhetoric, which one should not expect to hear from an "independent" Governor of the BoE.

  • Comment number 18.

    12.At 18:00 16th Nov 2011, brown-dog wrote:
    The reason why many employers are so reluctant to recruit young people today is because they are aware of the (well documented) poverty of cognitive and other abilities amongst the young due to the past higher birth rate in the lower half of the Bell Curve. People here need to come to grips with this, as educating the other half just makes the problem worse in the longer term.

    >>>

    NO- that is nonsense - as otherwise many employers must have the same/similar/other alleged suspect cognitive ability/defects with their bizarre attitudes and beliefs?

    Employers attitudes have changed - they do not now see 'training' as an acceptable business cost as is now avoidable - just like income tax - by using loopholes like hiring immigrant workers instead.

    It looks to me like many employers need re-educating with a punitive tax code that rewards those employers who face their social responsibility & try and hire young British people in their own native country of birth.

    It is a constitutional issue in part - rights, responsbilities and privileges.

    Hiring immigrant workers when local labour is available is tantamount & equivalent to industrial scale tax avoidance in my view.

  • Comment number 19.

    GOVERNANCE HAS A CULTURE OF EXPLOITATION AND GREED - OURS IS TRICKLE DOWN (#18)

    I have pointed out before: to succeed in Westminster, the aspirant must have a range of attributes THAT EVERY MOTHER PRAYS WILL NOT BE FOUND IN HER DAUGHTER'S BEAU. Such attributes I term: "Westminster Creatureness".

    We are in deep, deep, ordure-ordure, and unless the coming disorder - somehow - brings a miracle in its wake, we will make the fall of Rome look tame. So poignant that we still have a remnant empire that will, no doubt, break free at our demise.

    It brings a whole new meaning to "Right to Rome".

  • Comment number 20.

    "Angela Merkel today piled further pressure on eurozone citizens to accept her demand for political union as she declared Germany was prepared to let go of its national sovereignty.

    In comments clearly aimed at softening protests from smaller nations about ceding their powers to a German-dominated European super state, Merkel declared: "Germany wants a strong European Union with 27 members.

    "We also want a strong 17-member eurozone that inspires confidence. We are prepared to give up a piece of national sovereignty to achieve that.""

    London Evening Standard 16 November 2011

    http://www.thisislondon.co.uk/standard-business/article-24010647-merkel-u
    ps-german-demand-for-political-union-in-europe.do

    But she WOULD say that, as Germany has almost nothing to lose in the first place as it's been a puppet state of the USA banks since the end of WWII.

    Anyone in Germany who challenges the "anti-nazi" psychological propaganda which sustains the Libertarian status quo in Germany (and now much of Europe) is literally at risk of being locked up as a threat to the state.

    I suggest sceptics look carefully into this. Germany's power lies in Washington and NYC not Berlin.

    If that is what those living across Europe politically want, so be it, but they had better know that this is the political reality as in no time at all, it will become politically incorrect to challenge "banksters" except they will use another, far more emotive, term that preys upon feelings of guilt. Limbic feelings which many of them don't share, possibly giving them a selective biological advantage.

  • Comment number 21.

    How about some new 'political' terms?

    lefto-crat ?
    brodie-crat ?
    godie-crat ?
    immy-crat ?
    libby-crat ?
    striko-crat ?
    paxo-crat ?
    crasho-crat?
    trilli-crat ?
    independo-crat ?

  • Comment number 22.

    We also have a film on Vulture funds. Charities are calling for Britain's Privy Council to block an American speculator from taking $100m (£63m) from the Democratic Republic of Congo through a 'vulture fund' which sued in Jersey. We'll have a full report.

    ++

    Yes - probably some of Mumbo Jumbo King's BOE QE money that went 'south' ?

  • Comment number 23.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 24.

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  • Comment number 26.

    If any of the solutions being proffered by our politicians had any credibility at all, the spread of information in this era of mass communication would have solved Third (Developing) World problems decades ago. That they don't see this is very worrying for our future.

    Instead, they've been making matters worse by a) inviting the Third World here as consumers/debtors, whilst b) putting many off having kids who DO make economies work, and/or c) luring them into "education" and pointless (if not predatory) work making the fundamental problem even worse. It is a long-term consequences issue, it can't be seen in the short-term.

    Alas, this radical message still isn't sinking in, and that's probably because for it to sink in, a lot Sacred Cows

  • Comment number 27.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 28.

  • Comment number 29.

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  • Comment number 30.

    nautonier wrote:"NO- that is nonsense - as otherwise many employers must have the same/similar/other alleged suspect cognitive ability/defects with their bizarre attitudes and beliefs?"

    It only *seems* like nonsense to you because you probably don't see how much the European populations have deteriorated genetically over many decades. This has happened because the brighter people have not been replacing themselves whilst the less bright people have. This is known as differential dysgenic fertility, and when the overall population declines in average ability, it shows up at the higher (e.g. employer) and lower (e.g. low skilled worker) ends of the distribution much more dramatically. The first shrinks in numbers and the second grows. This is the root of all our problems, plus an ageing population and increases in automation. If one thinks about this using other types of animals as a model it is much easier to see the process and why Governments (or farmers) have to population manage in order to arrest what is otherwise an entropic, dysgenic process.

    I suggest you look into this at length rather than compare it to what you currently believe as what you believe is false.

    When people first start grappling with all this they get upset. It's just part of the process.

  • Comment number 31.

    barriesingleton wrote: "I have pointed out before: to succeed in Westminster, the aspirant must have a range of attributes THAT EVERY MOTHER PRAYS WILL NOT BE FOUND IN HER DAUGHTER'S BEAU. Such attributes I
    term: "Westminster Creatureness"."

    That (and much else you post on this matter) reads like sour grapes from one who stood for Parliament but was not successful. For if one knows of the required qualities for Libertarian politicians, why bother standing?

    I'm sure you're partially correct in that it does attract performers, just as the stage does, but perhaps that's what also attracted you?

    It's a paradox, and it's one which might direct one to look to where politics is a social *duty* - where it's officers behave more like anonymous Civil Servants. See China.

  • Comment number 32.

    http://www.bbc.co.uk/news/health-15744352

    Perhaps the health profession in general should concentrate on ensuring that everyone has enough income to be warm, dry and have a full belly before they start peddling their lies about " passive smoking ". One " useful idiot " was attempting to portray their latest scam about smoke residue on fabrics on BBC news earlier, he was also attempting to portray the dangers of driving itself whilst smoking, but was not bright enough to point out the only real danger. The only danger whilst smoking and driving is when the red hot end of your fag drops out and lands on the seat right in your crotch, a very very rare occurrence in my long smoking whilst driving experience.

  • Comment number 33.

  • Comment number 34.

    https://www.facebook.com/groups/boe.con/ opening eyes to the lies

  • Comment number 35.

    All this user's posts have been removed.Why?

  • Comment number 36.

    All this user's posts have been removed.Why?

  • Comment number 37.

    BEING RIGHT OR WRONG MATTERS LITTLE HERE - 'SHOUTING IN A BUCKET' (#24)

    But to take your point head on: I have stood up, and been counted, since my school days. In 2005 I stood for Parliament in Newbury, my credo: SPOIL PARTY GAMES. I gather a fair number of aspirant MPs crawl away, when they realise the full horror of that place, but they seem to stay quiet. Hmmm. (Mostly women?) What is needed is ONE who stays and denounces the whole charade FROM WITHIN. e.g. While making myself known to the people of Newbury, May '05, I was asked what I would do if elected. When I stopped laughing, my reply was: "I would give them a Maiden Speech to remember and then get myself serially suspended through standing up against hypocrisy." (This would bring media attention of course.)

    Over all, when I cry "DISMANTLE WESTMINSTER" I mean in every last facet. But, short of a miraculous destruction akin to 9/11, I suggest the place to start is

    SPOILPARTYGAMES (run together, as the blog filter is primed against three words as 'obscenity'.

  • Comment number 38.

    All this user's posts have been removed.Why?

  • Comment number 39.

    All this user's posts have been removed.Why?

  • Comment number 40.

    ecolizzy wrote: "I wonder who it was and why it was decided to get rid of the english as a race?"

    Well, it could have ben the same people who created Protestantism (which led to the "Protestant Ethic of putting pursuit of wealth and personal success before family-life), but in the end, perhaps one has to hold the English plus (other Europeans, and those they spread their Libertarian ways with over in the Far-East) responsible?

    Did you watch "Mongrels" last night on BBC Three? Listen out for Nelson's song.....

  • Comment number 41.

  • Comment number 42.

    READING LIST (#39)

    Only read Chris Mullin's first. But he has an oddly Janus-like quality. Not a little Machiavellian I suspect; nevertheless revealing.

    Any suggestions?

  • Comment number 43.

  • Comment number 44.

    All this user's posts have been removed.Why?

  • Comment number 45.

  • Comment number 46.

    Delusionist wrote: "The Black Death halved our population and thereby gave the peasantry the opportunity to sell their labour because their labour was scarce. What would be the problem with letting our population drop to a point where we could feed ourselves and do it by working fewer hours?"

    You've raised several thoughtful questions which deserve thoughtful answers, but one will have to suffice, for now.

    Epidemics have tended to cull across the curve in the past whereas what I'm referring to is differential. What's new, and worrying is that if, through education, education, education, we've been more extensively culling the able whilst also breeding more dependents, AND increasing longevity through technological advances we are creating an irreversible problem..

    That is the new, modern - incredibly stupid and politically irresponsible phenomenon.

    It doesn't bode well, as it must lose useful genes permanently from the gene pool.

    I don't think many have fully seen the dire consequences for Europe.

  • Comment number 47.

    The Republocrats race:
    I do hope NN reports how the US media hacks tear apart and demonise the candidates. They ignore Ron Paul everytime and over played the smear tactics against Cain: the usual payed-up hag makes an appearence saying Cain was impressed with the size of her breasts some 15 years ago and Cain is therefore a sexual predator...those same hacks demonising Cain never said a word when Clinton was found with his pants down...not a word!

    Anyhow, The plan is for another 4 more years from Obama...have you seen the other candidates? I think Gingridge is still in the running..check his history out..unbelievable! Cain messed up the other day and is regarded too slow now in giving answers and is regarded as out of the running, he was more than a token black candidate I thought, more real a man than the Wall St owned slick telepromter President we have now. Ron Paul is probably the best and honest candidate ..so he ain't gonna win, plus his age is against him...yep, its four more years of Communist Obama ..sadly.

  • Comment number 48.

    #46"I don't think many have fully seen the dire consequences for Europe."

    Oh don't worry Mr Dog I get it completely, race replacement of Europeans with any other race, except the Europeans.

  • Comment number 49.

    Outstanding interview by Jeremy with Altmeier on the German;s proposed Tobin/Robin Hood Tax. About time we got out of the EU.........otherwise, this time Germany really WILL take over Britain and the rest of Europe :o(

    @ Kevsey #47, Ron Paul is ignored because he only wants to legalise dope and not much else :p

  • Comment number 50.

    Lee Camp is THE best! More please.

  • Comment number 51.

    This resignation must be tied in with the MF Global scam, Dow down 190 in late trade after climbing almost positive from early trade down 60 ? ! ?

    http://www.bbc.co.uk/news/business-15767076

  • Comment number 52.

    > #51

    Common denominator Goldman Sachs !

  • Comment number 53.

    The thing the London stock market parasites fear most about any alleged Tobin Tax is the fact that they will be forced to keep full and accurate records of every transaction they make !

    http://www.forbes.com/sites/jakezamansky/2011/11/15/mf-global-where-did-the-money-go/

  • Comment number 54.

    brown-dog @ 30

    You assert that differential dysgenic fertility is at the root of all our problems.

    By this you mean, in layman's terms that thick people are having more children than brighter people, which along with the burden of more elderly people and the efficiencies of greater process automation, will lead to bleak future for this country.

    However, the OECD's PISA educational rankings for 2010, do not, on the face of it, support your assertion regarding education : (http://www.guardian.co.uk/news/datablog/2010/dec/07/world-education-rankings-maths-science-reading?intcmp=239%29.

    It is possible that more automation may actually assist with helping elderly people e.g. Honda's Asimo robot.

  • Comment number 55.

    #14. brossen99

    Absolutely agree with you about Huhne. We need to get some reality back into the way things are run. Dreams are can be wonderful - but they're dreams.

  • Comment number 56.

    Mistress @49 wrote:

    @ Kevsey #47, Ron Paul is ignored because he only wants to legalise dope and not much else :p

    You've been watching mnsbc again lol

    I'll give ou two reasons why Pauls integrity is intact. He was the one who wanted the federal reserve audited -he bannged on about it...he was mostly alone on that. And no more foreign military interventions. He's not linked to any special interests or money men. That last bit alone makes him too honest for the job of US presidency, he ain't gonna be elected as Republo man nor is he gonna go up against the Wall St Obama machine on account the left-owned media wont allow him.

    As for legalising drugs.
    Question: Who is the biggest drug dealer in the USA?
    Come back to me when you find that one out and well chat some.

    Clue: the dealers name is in the question...just slot in the word "admin" and you've got it :)

    Sometimes its best not to know stuff.

  • Comment number 57.

    Re the smoking in cars news item today:

    I think the British Medical Association should be banned from telling the public how to run their lives.

    With all due respect, the woman spokesman for them on the tele today didn't exactly look the picture of perfect Body Mass Index. A little dieting needed perhaps.

    Well, if she can tell me of my shortcomings, I have the right to reply. At the moment anyway. Wouldn't count on it if that lot got their way.

    As for smoking with children present in the car, I would never do that and I find it an insult for the BMA to patronise me by telling me it's wrong. I know. I don't need a bunch of busybodies to tell me!

    And for anyone who thinks I'm terrible for smoking, I hope you don't take your children into pubs and let them watch you drinking alcohol. Awful influence. And the BMA will be after you soon too. Witchfinders general.

  • Comment number 58.

    kevseywevsey wrote:" I do hope NN reports how the US media hacks tear apart and demonise the candidates." To be fair, they're not doing themselves any favors. However, I wouldn't conclude that an Obama 2nd term is a done deal. From where I'm sitting (and admittedly it's from over the pond),and having been sucked into much of the Obama euphoria, it's going to be difficult for the Democrats to convince the American public that his record amounts to very much. The problem for the GOP is to come up with a candidate that doesn't come across as blatantly opportunistic. Gingridge, whilst undoubtedly experienced, will inevitably be associated with a bygone era and I suspect that the population at large is looking for inspiration from someone with a little less political baggage.

  • Comment number 59.

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  • Comment number 61.

    SMOKING AND GOVERNANCE (#57)

    As I remember: Westminster’s longevous 'anchor man', Straw, shopped his son for dealing Cannabis?

    Yet UK governance (for all of my lifetime) has allowed high-street sale of tobacco, drawn tax from it, and now belongs to the EU in which (at last count) 8 countries grow tobacco (until recently, grown under EU SUBSIDY).

    Of course, if we took tobacco out of our 'civilised' way of life, a lot of NHS workers would be unemployed. As JJ would say; "think about it". (They might have to go home!)

    THIS IS THE AGE OF PERVERSITY.

  • Comment number 62.

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  • Comment number 63.

    RARELY MISLED SINCE DOING THE NEWSYNIGHTY BLOG '101' (#62)

    Nuff sed

  • Comment number 64.

    ecolizzy wrote: "Oh don't worry Mr Dog I get it completely, race replacement of Europeans with any other race, except the Europeans."

    Sometimes, I wonder - as you often seem to be blaming the replacements!

    It looks like the Eastern National Socialists are winning the Cold War.
    Why DID so many people in 1989 think that war was suddenly over given the PRC was 4x the population of the entire USSR and even more Stalinist?

    The Conservative on NN tonight - promises, promises, but based on what work/jobs?


    Mistress76uk wrote: "About time we got out of the EU.........otherwise, this time Germany really WILL take over Britain and the rest of Europe :o("

    Not Germany, the USA. The USA controls the Eurozone (and EU) THROUGH Germany.

    It isn't Germany that you should (still) be worried about. It's Wall Street clobbering Britain via The City using Germany (Eurozone/EU)..

  • Comment number 65.

    @61,62. But no-one knows the identity of the original 'Jack Straw', or even if he existed. So the latter-day Jack Straw nicknamed himself after a myth: "The British politician Jack Straw (born John Whitaker Straw,1946) adopted the name "Jack", allegedly after the rebel leader."

    http://en.wikipedia.org/wiki/Jack_Straw_%28rebel_leader%29

    It seems we are back to pseudonyms and multiple identities again. However, I have no doubt that the Labour politician is in fact a different character, "The Demon Headmaster"

    http://images.cheezburger.com/completestore/2011/2/19/96e2a4f7-5617-472f-bed2-7946e9b39b26.jpg

    This villain's motto is "Curiosity is the curse of the human brain!"

    Here are a couple of taster clips:

    http://www.youtube.com/watch?v=jiW6DIRzvsM

    www.youtube.com/watch?v=8FhZCubThsY

  • Comment number 66.

    JohnConstable wrote: "You assert that differential dysgenic fertility is at the root of all our problems.

    By this you mean, in layman's terms that thick people are having more children than brighter people, which along with the burden of more elderly people and the efficiencies of greater process automation, will lead to bleak future for this country."

    Basically yes, but beware of translating into lay-speak. Try to stick with the technical, or one risks thinking self-serving creative fictions. These points are unpalatable, but are worth sticking with and following through if one wants to get a grip on the drivers.

    "However, the OECD's PISA educational rankings for 2010, do not, on the face of it, support your assertion regarding education"

    They do if you look at the PIIGS, and as I said last week, people should scatterplot maths and look at the top end of the distribution although the Guardian graphic will suffice as a rough introduction. One should however, bear in mind that PISA data has been run every three years for less than a generation, and one must also bear in mind the TFRs (see Japan, Korea the two main USA puppet states in East Asia which have low immigration, and thus have been somewhat protected from this exacerbating contribution to dysgenesis). Look up David Coleman's UN article on immigration as a non solution to Korea given that he entire planet would have to move there to address their fatally low TFR problem. Finland does not have high levels of immigration either, it is cold up there, low UV etc, one needs pale skin or lots of vitamin D to not get rickets etc). PISA, remember has only been running for 10 years and the problems being highlighted are long-term problems which has been studied since the 1930s but heavily self-censored and censured. If one looks at trend data it all becomes worryingly clear.

    "It is possible that more automation may actually assist with helping elderly people e.g. Honda's Asimo robot."

    Perhaps, but (these Japanese note) developments in automation and other engineering technologies have just been masking (delaying the impact of) these problems for a long time I fear, Who will maintain them as Japan hits the demographic down curve as it is about to is a big part of the point. One can already see entropy at work here surely? The principle drivers are simple (but unpleasant) to grasp, but it is also very difficult to see how they can be reversed under the prevailing Libertarian "ethic" to individually and personally "get on" (which I suggest is at the root of the problems).

    We are all part of this problem so I am not pointing fingers anywhere in particular, although the cognitive elite, and those groups which disproportionately contribute to it, must shoulder a good part of the responsibility. They won't though. Instead they appear to be self-interested, which suggests to me, alas, *that there is something fundamentally wrong with our basic concept and measures of INTELLIGENCE* and its proxies. This is a radical criticism.

    PS. Note that the Guardian left out China-Shanghai, Hong Kong and Macau? These are in the data, but obviously not in the OECD. One should ask why Japan and Korea are in the OECD data though. That's because the OECD (which became the EU Project) is all about all MARKET economies.

    The Guardian is Liberal (anarchistic) rather than left wing, in my view.
    Nowhere is that clearer than in CIF, which has never been free, it's been Orwellian..

  • Comment number 67.

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  • Comment number 71.

    Germany's suggestion of tax harmonization.

    I have a few objections to this -

    a) No taxation without representation.
    b) Surly we need less taxes , not more.
    c) Even if my German friends were buying the steins all night long, I would still have the common sense not to bail out a currency which we rejected joining twenty years ago.

    Besides, I doubt the European Court of Justice would allow the eurozone to impose such a blatant targeted and unfairly balanced tax from interfering in the single market anyway.

    So I can only conclude that the current “get the Englander” politicking in Germany is more to do with domestic politics than real intent.

    As for our own domestic politics , I am sure this opportunity will be good for politicking here also.

    Alternatively, if the current government does eventually approve tax harmonization, then it should either hold a referendum on such a transfer of sovereignty or should fall.


    'vulture fund'

    So the debt collectors 'vulture fund' bought the debt for $3 million. Wasn't it a shame that the D.R.C. did not buy their own debt back at such a knock down price of $3 million, when it came up for sale.

    The same could be said for our fellow citizens who find themselves in negative equity. Why shouldn't they have been offered to buy back their own debt from the failed banks, at such a knocked down price ?
    Instead the government saved the banks and saved the bad loans from being sold at knocked down prices. Maybe one day we might actually try capitalism in this country instead of crony capitalism.

  • Comment number 72.

    All this user's posts have been removed.Why?

  • Comment number 73.

    "FOUND THEMSELVES"(#72)

    The circumstances changed in the Balkans, and the people FOUND THEMSELVES MURDERING EX-NEIGHBOURS, enacting DIFFERENCISM, just as the Stamford Prison Experiment demonstrates.

    The Sepp Blatter rumpus is so very poignant. Ignorance is far from bliss.

    IT IS PERVERSE TO PRETEND DIFFERENCISM IS NOT INNATE. (A politicians delight.)

  • Comment number 74.

    Paul Krugman is rewriting history now that the eurozone, beloved by US liberals, is going down in flames

    http://blogs.telegraph.co.uk/news/nilegardiner/100117124/paul-krugman-is-rewriting-history-now-that-the-eurozone-beloved-by-us-liberals-is-going-down-in-flames/


    It would appear that OpEd writers for The Wall St Journal are just as mixed up as writers for The Telegraph.

  • Comment number 75.

    All this user's posts have been removed.Why?

  • Comment number 76.

    '73. At 13:24 17th Nov 2011, barriesingleton wrote:
    "FOUND THEMSELVES"(#72)'


    I tend to crank an eyebrow at that too, as most cases I'm aware of did involve quite a lot of premeditated proactivity, though in this day an age a whole industry could be spun from quaint ways of describing how folk ending up dead. Often in nasty ways.

    In fact, depending on the tribal sympathies of the author, even objective media can seem very keen that murder, which places focus on the perpetrator, is referred to in ways that make their demise almost the victims' fault.

    Often the word 'kill', itself deployed over such as murder, even when justified, has its own subtle usage. Thus folk the author likes have victims who 'are killed', but if the perpetrators are on the naughty step, they more often get nailed as those doing the killing.

    There's probably a guideline somewhere.

    Which one is sure will be of comfort to those exposed to such semantics.

  • Comment number 77.

    '74. At 13:34 17th Nov 2011, museV'

    On the plus side, having just had my lunchtime TV shot, the huge news is Miliband. E is much more comfortable with himself, with a a gaggle of WUVI's deducing this by virtue of him waving his hands about more, and answering questions (presumably not the same one over and over).

    A political star is soaring based on... gestures?

    I foolishly listened to what he said, which was... the same thing, over and over.

    Take the pols and the media out of the equation and we may have a chance.

  • Comment number 78.

    IT IS NOW A BBC 'GIVEN' THAT THE COALITION HAS A PSYCHOLOGICAL ADVISOR

    Hence all this 'Nudge', wellbeing and happiness claptrap.

    But, come election time, will Dodgy Dave spend Coalition dirty money (quid pro quo funding) on promoting contentment? Has a new decency come to No 10? Is the new paradigm to enhance lives such that a thankful nation votes DAVE next time?

    Er - no. Vast ill-gotten riches will be poured into KEY MARGINALS, spent on lies, deceit, obfuscation and manipulation - ALL CONNIVED AT BY REGULATORY OFFICES AND IGNORED BY LAW-n-ORDER.

    POLITICS: THE ART OF SELF DECEPTION WRAPPED IN THE CRAFT OF DECEIVING OTHERS FOR 'THEIR OWN GOOD'.

    And NewsyNighty will remain blissfully unaware . . .

  • Comment number 79.

    Why isn't the BBC covering this protest happening now on Wall Street?

    http://www.ustream.tv/TheOther99

  • Comment number 80.

    All this user's posts have been removed.Why?

  • Comment number 81.

    LIMITED ED (#77)

    I heard him on the wireless. He seemed to introduce his subject about 5 times. I lost interest. The impossible, clearly, takes a little longer. I hope he never tackles the subject of 'Facts of Life' with his kids. . .

  • Comment number 82.

    All this user's posts have been removed.Why?

  • Comment number 83.

    All this user's posts have been removed.Why?

  • Comment number 84.

    '79. At 14:14 17th Nov 2011, tawse57 wrote:
    Why isn't the BBC covering this protest happening now on Wall Street?
    http://www.ustream.tv/TheOther99%27


    Well, at least... ish.. thanks to this lovely blog... and you... they are. Sort of.

    Is it that citizen reporting thing they keep advocating?

    Of course, one presumes the £145.50 then is to cover modding in case things go 'off topic'. Or narrative.

  • Comment number 85.

    IS THE ANSWER . . . (#82)

    A bit like renegade Syrian troops attacking a 'loyal' military base perhaps?

    Hey NewsyNighty! How about coming over to the good guys?

    OR (they) CLOSE THE WALL UP (stifle opportunity) WITH OUR ENGLISH DEAD.

  • Comment number 86.

    All this user's posts have been removed.Why?

  • Comment number 87.

    That is a pretty impressive protest outside Wall Street. Not just in the numbers of people who have turned up, but in the organisation of it and the fact that numerous protest groups are streaming the protest live online.

    CBSNews and other US news networks are now playing it live as is Russia Today but, bizarrely, the BBC and Sky make no mention of it.

    You have to envy the democracy that they have in the US.

  • Comment number 88.

    Well, Sky News has finally started covering the Wall Street protest but the BBC has made no mention of it yet.

  • Comment number 89.

    '87. At 14:42 17th Nov 2011, tawse57 wrote:
    You have to envy the democracy that they have in the US.'


    Well, if I may offer a caveat, 'when it does what the tin instructions meant'.

    However, as with free speech, when it comes to what is relayed, or not, it needs often to be the 'right sort' of democracy in action. Apparently.

    Not bizarre. Maybe.. 'unique'? Though SKY has no excuse. Maybe I will cancel my sub, while I can.

  • Comment number 90.

    '88. At 14:56 17th Nov 2011, tawse57

    Phew. I can keep up with Terranova.

    Shame Strictly or EastEnders holds no appeal as they might compensate for the 'news' served up. Or not.

  • Comment number 91.

    All this user's posts have been removed.Why?

  • Comment number 92.

    My tongue in cheeck remark about envying US democracy was aimed at the BBC's lack of coverage of the Wall Street protest.

    I write this at 3.12PM GMT and the BBC have JUST finally covered the story - almost 2 hours after it began and a good hour after all the other major news organisations began covering it. Even Sky beat the BBC to it.

    I am not one of the people who believe in conspiracy theories about the BBC not wanting to cover anti-banking protests in London and New York but, increasingly, the slowness to report such stories does make one stop and think.

  • Comment number 93.

    Your anthrapological content remainds me of something & leads me to think we've exchanged posts before - with you having a different BBC user name?

  • Comment number 94.

    69.At 11:22 17th Nov 2011, Delusionist wrote:
    Brown-dog...yes the stuff about genetic predispositions is creepy to us because our society is based on myths....

    ++

    For every eugenic type theory there are always examples of those who having had it all against them from their birth - climb a mountain and achieve when just about everyone else has written them off.

    That is why most of this 'cognitive type' pigeon holing twaddle really is absolute bunkum.

  • Comment number 95.

    @74 The Telegraph article is total rubbish. There is so much rubbish, that it's difficult to know where to start, but let's just take one example:

    The author lambasts "..... a one-size fits all approach for 17 EU countries, with varying levels of economic advancement."

    He then continues with his own 'one size fits all approach': "There is only one path Europe can take if it is to avoid economic meltdown: dramatic cuts in public spending, the dismantling of its welfare states...." Why should, say, Germany or Sweden do this?

    Gardiner's article is based on ideology, selective quotation, and a complete lack of any understanding of basic economics. It also illustrates that the US right NEEDS to destroy the European welfare state model, so that there is no alternative to their own model of Plutocracy.

    This is Class War, led by the US right and their UK fifth column collaborators. I would rather go down fighting!

  • Comment number 96.

    tawse57, The population of the SA is 307,000,000. At a generous estimate, there are about 500 demonstrators in New York - ie 0.0001%. Why on earth should the BBC spend any time or resources reporting on a vanishingly small demonstration in a foreign country 3500 miles away? - And don't say "They represent the 99%" because no-one asked them to demonstrate and they haven't invited anyone to vote for them to find out how many supporters they've got. Polls suggest not many.

  • Comment number 97.

    '92. At 15:16 17th Nov 2011, tawse57

    It is interesting what gets rushed to air, and what gets placed under 'watertight oversight'. Almost as though, in many cases, a line is assessed as needing to be taken, which introduces delays, which one has always presumed were anathema in the 'news' business.

    Actually I'd applaud a bit of delay to get things right vs. first in the rush to serve the 24/7 news maw, but then there is when that happens. Or doesn't.

    Likewise the heft with which stories are broadcast, and then suddenly get dropped. Often with odd timing when the accusations and 'sources say' suit, or when they are shown precipitate or even inaccurate.

    Frankly when I see a 'reporter' in front of a building kicking off with 'questions are being asked', and a wind-up session with the anchor on how much trouble this all 'could' mean for person X or outfit Y, I switch off to hit t'internet and find out what really is going on... from all sides.

    That I often find the BBC seems to be falling, and failing well on a side, either with what it is pumping out... or suddenly getting coy on... and this is not optimal in a supposed impartial, professional outfit.

    Equally, when there is so much that a day can generate worthy of coverage, such as Newsynighty's often odd selections on what is important, or not, can mystify, along with the rather predictable or bizarre 'guests' (with context either excised or ladled on with a trowel) to offer the 'expert' insights.

    If this protest were significant and was covered, I do wonder if we would be treated to the thoughts of a supporter, or one of a Mr. Marbles or Ms. Penny.

    Sometimes hard to see such folk as being the real representatives of UK public opinion as made out.

  • Comment number 98.

    THE JOURNEY OF A THOUSAND MILES? (#96)

    I wonder if the other Americans laughed at the hack who reported a few Pilgrim Fathers arrival?

  • Comment number 99.

    All this user's posts have been removed.Why?

  • Comment number 100.

    '96. At 16:05 17th Nov 2011, MaggieL wrote:
    tawse57, The population of the SA is 307,000,000. At a generous estimate, there are about 500 demonstrators in New York - ie 0.0001%. Why on earth should the BBC spend any time or resources reporting on a vanishingly small demonstration in a foreign country 3500 miles away?


    Got a bit confused as to who was demonstrating what, and who was keen to find out, and why.

    Sadly, returning to the link, which did work, it is now down, if not out. So I can't.

    Anyway, you do raise a good point.

    But then numbers are key, and often hard to grasp in terms of what motivates.

    One person in their birthday suit on top of Big Ben will probably garner more than several hundred calmly protesting somewhere 'appropriate'. It's the nature of the beast. Certainly well organised protestors have sussed out what pushes news media buttons in terms of ratings addiction.

    The problem comes with tribal empathy.

    I often find protestors not only speaking for me when I have not been asked, but also certain media deciding that they do too, in all senses that can mean.

    It's near impossible to get an absolute balance with what is served to so many being decided by the whims and/or professional integrity of so few, but it never hurts to ask. Especially when that is about the only think left to do.

 

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