if you mean I’m someone who can have a civil conversation without reverting to juvenile name calling, swear words and who thinks a man can do better than trying to be offensive by using slang names for women’s anatomy, then I take your attempt at intimidation and wear it with pride.
It’s always amusing when people try to dismiss you by accusing you of being “politically correct or PC” or worse still, a “liberal”.
I guess because it’s inauguration day, feelings are running high. I’ve tried to stay away from political discourse on facebook, until a friend posted a clip from Elizabeth Warren grilling the CEO of Wells Fargo bank, the point of the post was to ask for accountability.
One of the few responses was from “Jim”. I’ll call him that here, because, well, that was his name. In his response he didn’t much address the accountability point of the post, but fairly quickly turned to attacking Elizabeth Warren, calling her “a douche bag“.
And so I posted, and the response I got back was to call me one of the “PC crowd”. I’m always amused when people try to use that as an insult. Called one of these “names” don’t be intimidated.
There are plenty of people who think the current state of the UK economy is a cause for celebration. Lots of numbers up including employment.
This belies the uncertainty ahead, and while the UK Pound continues to be at an effective 20% discount to the US Dollar, resources, people, products and services in the UK are effectively cheap.
While this is likely to continue, those celebrating it as a result inside the UK should think again. In so much as individuals and business in the UK can acquire all the raw materials they need for manufacturing and business in the UK, it would be great. Sadly, apart from personal service, there are few to no products in the UK made entirely in the UK from UK Raw material.
Exceptions are of course energy, oil, gas, wind, solar. Add to that nuclear power, and outside of the labor, technology requirements, the UK is expanding. Add to this government endorsed push for increased fracking, often overriding local wishes and you have one sector that is somewhat protected.
The rest economy though, doesn’t look so good. Anything bought overseas, finished goods, imported food, and raw materials will increase in price overcome coming months and years until the cable(UKP/USD) resets to something like the $1.50 mark.
FYI. Most futures contracts and supply contracts sources from overseas are priced in USD, even if they don’t involve US companies or US resources.
So, what do the currency experts say? The following is the XE Market Analysis for December 30th 2016.
Not so happy new year.
Sterling has been trading with a heavy tone in the final week of 2016 trading, making a two-month low versus the dollar, a seven-week nadir against the euro and a one-month low versus the yen. The pound has now more than reversed the gains seen from early November, when the BoE adopted a neutral policy bias, through to early/mid December. The pound remains over 17% down versus the dollar since the Brexit vote in late June, and by some 12% in the case against the euro. BoE MPC member McCafferty last week warned that rising inflation and slowing global growth would hit the supply side of the economy in 2017, and there is a general view that UK growth will be sub-optimal over the next year as Brexit-related uncertainties drag on. Cable support is at 1.2200, while initial resistance is at 1.2297-1.2300, which encompasses the year-end holiday-season highs, ahead of 1.2344-50. We anticipate a return to levels around 1.2100.
Sometime between then and last weekend I became a weekend subscriber to the (Boulder) Daily Camera, a great local paper for the Boulder/Denver metro area. Right on queue, my first Sunday paper was laying in the snow on the drive this weekend and I opened it up and parsed it during the day. One item that particularly caught my eye was Dave Kriegers main editorial entitled “Imagine a giant fleet of tiny buses“.
I grabbed a pen, marked the editorial up, scribbled in the margins and sat down on Monday morning and wrote an open forum letter. It didn’t get published, I have no idea if it’s policy not to publish corrections on staff written op-ed pieces, or they just didn’t think it interesting enough to include?
This also lets me correct one misstatement. Self-driving cars will help with congestion theoretically. In heavy traffic, they will drive at a regulation speed, a safe distance from the vehicle in front, thus avoid the hard braking and the impact that can have on several miles of traffic.
It is hard to respond to Dave Kriegers editorial imaging “a giant fleet of tiny buses” in 300-words, but I’d like to have a try.
First, I completely agree with his sentiment that if you keep trying the same old thing, you’ll keep failing. However, when it comes to his “giant fleet of small buses” he falls into the same trap most transport ‘imagineers’ do when the come to self-driving vehicles. For the sake of brevity, let’s assume they’ll be electric; let’s assume they can dock themselves; let’s assume they have a slightly better range than current electric cars.
Dave jumps to the conclusion that less space will be needed for parking. Sort of, except the cars have to be charged somewhere. But yes, they could be charged in either fields or reclaimed parking garages outfitted with self-docking chargers. Dave then makes the confusing jump to the conclusion that “[they] could reduce congestion because fewer cars would serve more people”.
Anyone that’s given any serious thought to scheduling and transportation would understand implicitly that that isn’t true. It’s implied because it fits the paradigm of autonomous vehicles. If 20,000 people want to get into Boulder today between 7:15am and 9:00am in their own unshared transportation, and the demand is the same in the era of self-driving cars, then, you’ll have the same number of journeys. Add in the recharging trips, the fact that using Daves logic, there will be less self-driving cars, then some of those cars will have to drive in and out and back into Boulder, actually increasing the number of journeys and therefore contributing to the congestion.
If we take Daves “less parking space” claim at face value, then what will the space formerly used by parking garages be used for? Green space… err no, more offices/accommodation, with the potential to further increase the number of journeys and congestion.
Don’t get me wrong, self-driving cars are great, but until we have flying cars they will only help indirectly with congestion won’t help with congestion. The only way is shared transport. Bus Rapid Transport isn’t it either. Trams, street cars, metro-rail are the only real fix.
Automation is everywhere, but most of us don’t notice it. Every product we buy, every service we use has been touched by automation, some more than others. Think about the products you buy about the grocery store? Come in a package? Packed by machine!
I’ve had some interesting emails from regular followers/readers about automation. I don’t think people quite understand how invasive and creeping automation is.
Here is a perfectly simple example. I live on a new development in Colorado. Some 70 single family homes, and now they are moving into the multi-family condo and town homes. They’ve built two condo buildings, and a 3rd 12-plex is going up now, literally right across the street.
First, let’s be clear, this isn’t a pre-fabricated building. It’s a unique design to this location, that most would consider “traditional construction”. Only it isn’t, it’s massively labor free, and largely “skilled-labor” free.
The construction is typical timber frame, in the old days, there would have been an army of craftsmen working on site, the continuous sound of saws and hammers. While there are some professional craftsmen on site, the bulk of the construction is being done by “nail gun jockeys” using pre-cut, assembled panels and components. They just nailed them into place.
Of course, walking pass this, you’d never normally take a second look. Since it’s directly opposite my home office, everytime I look out the window I see it. What do I see?
Creeping factory assembly and automation. All the major parts arrive pre-cut to size; the joists and all the boards for the side that need holes for windows and door arrive pre-cut. The original boards come from Canada and Mexico. Anyone who has seen the home improvement shows knows that the boards are not cut by craftsmen and craftswomen, but simply cut by operator assisted laser cutting machines. What do all these things have in common? Automation.
It would be easy to simple, let’s at least bring back the board creation, prep and the component assembly to the USA. Indeed easy to say. That assumes we have the raw material, and that the factories exist that can manage the increased workload. If they can’t then let’s assume they can be built.
What happens then? Well, the businesses that do the manufacturing either produce the same goods at the same price as they are available overseas, which will be hard. The US no longer has the same wealth of natural resources. Those that we do have are harder to extract, or come with environmental, planning or development restrictions. Even if these were lifted, they would still come with a price tag.
Those costs, plus any for plant construction, or increased raw material cost would be passed onto us. Effectively doing a “Carrier” and raising prices to cover their increased costs.
Automation is everywhere, but most of us don’t notice it. Every product we buy, every service we use has been touched by automation, some more than others. Think about the products you buy about the grocery store? Come in a package? Packed by machine! Ready made meals, the whole production line from animal slaughter to food prep and cooking are all now largely automated. It’s invisible, invasive and all encompassing.
Yep, lots of people are rightfully outraged at the election of Donald Trump and what the future holds. They look at his tweets, at was he says, and are super excited that he is going to do all the things he said or tweeted.
Meanwhile, back in the UK there is a whole lot of hand wringing going on about #BREXIT and what it means. It started the morning after the vote was announced, when liar, braggart, and Trump confidant Nigel Farage admitted that the £350-million for the UK National Health Service that was one of the flagship reasons for leaving the EU, was a “mistake”, or a lie.
The whole point of politics to find a way to get things done? That often r
requires a twisted tongue so as not to upset a prevailing government, or official before they’ve agreed to do what you want. It’s what Clinton mean when she said she often had both a ‘both a public and a private position’.
Often this comes back to bite the politicians, when what they want to do is bad, doesn’t happen or in some other way backfires. Anyone who thinks that you can be open and transparent with everyone all the time, simply has not been successful at any meaningful level. Tony Blair is a fine example of this, his legacy in tatters, all the positive work he did while in office forgotten, over the lies and deception that took the UK into the “War on Terror“.
Everyone now is overheating about what Trump might do based on what he said or tweeted. First of all most of that is simple distraction. It’s throwing crumbs to the dogs, while he actually gets on with what he wants. His deception and lies though will come back to bite him, but you can’t assume he’ll do, or more importantly, be able to do everything he has claimed. It’s what politicians do, they say what they need to get the chance to do what they want.
Did you never ever tell your kids a white lie, or something that wasn’t really true to get them to do something? Did you ever threaten them when you had no real intention of following through? If you can honestly answer this no you did not, I’ve got a country you can run post BREXIT.
I debated, aka argued, with my own son that you couldn’t take anything that Assange is now doing at face value. That when wikileaks first arrived on the Internet, it was about the leak and the injustice and not the personalities. My son, remained convinced that it was about the global banking system, and their ties with powerful politicians. I disagree, for too long, wikileaks has been about Assange.
Given the timing, and manor in which the wikileaks disclosure of the DNC/Podesta emails came about, I believe this was nothing more than an attempt by Assange and wikileaks to undermine the US election. They succeeded.
If not, does that leave wiggle room for the return to the USA of Edward Snowden? Wikileaks can and will go on without Assange. Snowden is the real hero for exposing the secret mass survailance system that Presidents Bush/Obama had setup, and now will come under control of President Trump.
Feeling had America, you should. Don’t forget the emails, the only thing we learned from them for the mot part was how the DNC set Hillary up to fail, and they gave the chattering classes something to focus on that wasn’t policy, and wasn’t difficult.
We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.
This from a man, who tweeted:
The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.
I’ve no idea what to expect now from the Trump Presidency, but it’s an amazing coincidence that the original Blade Runner film was set in In Los Angeles in November 2019, just two years from now.
Hopefully Blade Runner isn’t a metaphor for a Trump Presidency; the weather and the blade runners, especially Gaff, do not foreshadow Trumps Immigration cops; and hopefully the Los Angeles in the film, nothing like the real LA in 2019; and the replicants not an extreme of the automation I wrote about yesterday.
What we don’t know is how Trump will do this. Just running up the deficit doesn’t seem likely given he’s from the GOP/Republican party. Taking much of what he’s said, closing tax loopholes, defunding Nato, closing overseas bases in place like Germany, Japan and more won’t likely save enough money. Your move President Trump.