Category Archives: Business

Germany’s Green Fail

They may have to start using shale to remain competitive with the U.S.

They worry that the country’s ambitious environmental goals are far less meaningful if the economy withers in achieving them.

You don’t say.

It would be a shame if they decided to start being economically sane.

[Update a while later]

More bad news for the warm-mongering econuts — scientists say that fracking is safe. And of course, they’ll believe it, because as they always tell us, we must follow the science.

Voice Pitch

It makes a difference:

A 2011 Canadian study also showed that people prefer political candidates with lower-pitched voices. That study used archival recordings of nine U.S. presidents going back to Harry Truman, and then manipulated the voices to create higher- and lower-pitched versions. Researchers then played the two versions for study subjects who were asked to rate them for qualities like trustworthiness, leadership and intelligence. The lower-pitched recordings got the highest ratings. According to a BBC report, Margaret Thatcher got vocal coaching to lower the pitch of her voice.

Not doing that herself was one of Sarah Palin’s biggest mistakes. I liked most of what she had to say, but her voice grated even on me, and most people probably couldn’t get past it (particularly combined with the accent, though that was less of a problem, at least for me).

[Update a while later]

Ruth Dudley Edwards remembers the Iron Lady:

A 1977 poll revealed that 54 per cent of British people thought Jack Jones, the head of the Transport and General Workers’ Union, was more powerful than Prime Minister Callaghan, who had Jones made a Companion of Honour, an elite order restricted to people with outstanding achievements in the arts, literature, music, science, politics, industry or religion. Jones deserves much of the credit for what became known as the “winter of discontent”, when bodies lay unburied, rats frolicked in uncollected rubbish and almost 30 million days were lost through strikes. I was not surprised when it emerged years later that he was selling Labour Party secrets to the Soviet Union.

I’m ashamed that – knowing what I knew – I didn’t vote for Mrs Thatcher in 1979, but my loathing of capital punishment led me to vote Liberal instead. Still, when I saw her on the steps of Downing Street, the day that coincidentally I changed career, I was delighted.

When I socialised next with senior ex-colleagues, they were in shock at having been instructed to read Adam Smith’s The Wealth of Nations and think about how to free the market. It took a while, but the ablest and bravest of them became enthused by a prime minister who had a clear vision, mastered the briefs, debated robustly, won the debates fair and square, was a kind boss (unless you were a defeatist minister) and always took the public flak for difficult decisions.

As one of her cabinet secretaries put it, “she made us positive about the revitalisation of the British economy”. By the time she left office after 11 years, the UK economy was an inspiration to much of the world. She had also been a major and constructive player on the world stage, the Falklands victory over a malign dictatorship had made the UK respected again, she had revolutionised the status of women and had wrought a transformation even in the Labour Party.

She forgot, though, the part about how she, along with Reagan and the Pope, killed the USSR.

Earth Day

The good news:

German taxpayers have poured $130 billion into subsidizing solar panels, but ultimately by the end of the century, this will postpone global warming by a trivial 37 hours. The electric car is even less efficient. Its production consumes a vast amount of fossil fuels, and mostly it utilizes fossil fuel electricity to be recharged. Even if the U.S. did reach the lofty goal of 1 million electric cars by 2015 — costing taxpayers more than $7.5 billion — global warming would be postponed by only 60 minutes.

These beguiling policies cost a fortune but make little difference to the environment because the technologies are still not ready. That’s why we need to invest more in long-term research and development for green innovation. This would be much cheaper than current environmental policies and would end up doing more good for the climate.

But it wouldn’t pay off political cronies.

As he notes, it’s time to start having sensible, not economically stupid environmental policies.

[Update late morning]

The EU carbon market continues to collapse.

Good.

Antares

Well, they had a nominal liftoff through first-stage separation. And they just separated the fairing (which has been a problem for OSC recently). Stage two has ignited.

[Update a few minutes later]

Well, it’s in orbit. Looks like everything went by the book. Congratulations to the OSC team.

“If It Saves Just One Life”

I agree with this take on how the terrorists won in Boston. This sort of irrational risk aversion is the theme of my book. “Safe” is never an option, in any absolute sense. In order to prevent a potential death of a citizen, the authorities shut the whole town down, costing hundreds of millions of dollars to the local (and probably national) economy. The whole town, that is, except for the Duncan Donuts shops. Which, as he says, really tells you everything you need to know. It was security theater, just like TSA.