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Comment Re:It's the end of the world as we know it (Score 2) 703

I thought they got it wrong by around 150%. But hey, what's 50% between scientists when you're already 100% wrong? The whole argument is utterly moronic. They don't know jack-shit about anything much. They can measure temperature reasonably well, but even there the temptation to go back and "adjust" past temperatures to make them cooler and "adjust" current temperatures to make them warmer, thus exaggerating the trend, is too much for them. The fact that we allow them to get away with this is one of the reasons public trust in science and scientists is rapidly reducing. Pretty soon these "scientists" (doing science in its broadest possible sense) will be held in as high esteem as lawyers and estate agents.

Comment Re:It's the end of the world as we know it (Score 1) 703

and what we've observed is the warming that was predicted

Don't be silly. What's happened is scientists have absolutely no clucking clue what caused the warming, or indeed the cooling, or indeed the warming before that or the cooling before that, but nevertheless will hoover up huge grants for their research institutions by pretending they do.

Comment Re:I know why they're annoyed (Score 1) 335

I pointed out that the heat is apparently "missing" in the deep ocean, but that argument makes absolutely no sense whatsoever because the ocean heats the atmosphere more than the atmosphere heats the ocean, as we know from El Nino and La Nina. It must do. It's 1000 x the heat capacity. Again, thermodynamics. What is wrong with you?

Comment Re:Pardon? (Score 2) 62

You can't overturn a 1952 conviction for something that was against the law in 1952. That would make the legal system a complete nonsense, with people's convictions for past illegal acts being overturned as the law changed.

Comment Re:I'm fucking offended. (Score 1) 62

It really depends on what the product will be used for, doesn't it. I mean you don't need to name a public institute to do that. You could just as well hire people into GCHQ. So my guess is that it's nothing to do with intelligence as such; simply the government trying to pick a winner for the future. And as we know, government is absolutely terrible at doing that. It's £42 million down the drain I suppose.

Comment Re:Good! (Score 1) 279

If Freedman had trouble in South America then that's entirely due to the weakness and inherent corruption of the (extractive) institutions there, the existence of which inherited the weakness and corruption of their forebears (in this case mostly the Spanish and Portuguese). North America inherited the classical liberal tradition of Britain, which itself had driven the industrial revolution. That is why the industrial revolution happened in Britain and not in Spain or Portugal and it's the main reason why South America is so much poorer than North America despite being arguably at least as blessed with natural resources and settled around the same time.

Comment Re:Good! (Score 1) 279

If you're talking about investment banks and banks in general, even there government involvement has made them MORE of a risk, not less. Investment banking used to be separated from retail banking for starters. Then you have government savings guarantees which alter behaviour (who cares, the government has guaranteed the money). Then there's the 10,000 (yes TEN THOUSAND) pages of regulations government imposes on the financial services industry to try to control it, that has the perverse affect of making it much harder for new entrants to arrive in the marketplace (cost of compliance). Worse, nobody, not one single legislator, understands it or has even read it. Who could? It would take a lifetime. They still pop up with new rules and regulations every so often, with no damned clue what the consequences of their actions will actually be.

The fact that banks blew up was because of Government, not despite it.

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