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Monday, November 25, 2013

Some Links

China is fairly enthusiastic about Bitcoin. Previously I wrote that Bitcoin was a very good investment so long as the world's governments didn't gang up against it. With China supportive that now seems unlikely.
China is not planning to be a low wage economy in the future - they are pouring $80 bn into automation and robots.
This links to James Delingpole's articles at the Spectator
Confirmation of Labour's dishonesty and contempt for its own supporters

"Labour sent out ‘search parties’ for immigrants to get them to come to the UK, Lord Mandelson has admitted.

In a stunning confirmation that the Blair and Brown governments deliberately engineered mass immigration, the former Cabinet Minister and spin doctor said New Labour sought out foreign workers.

He also conceded that the influx of arrivals meant the party’s traditional supporters are now unable to find work.

By contrast, Labour leader Ed Miliband has said his party got it wrong on immigration but has refused to admit it was too high under Labour."
Planning rules governing the extraction of shale gas and onshore oil in Scotland will be made tougher, the Scottish government has said.
"Over here in the Czech Republic they've got some EU money to throw at innovation. Mixed industry and academic sorta stuff and we've a couple of projects that fit into their desired categories well enough. So I had a pint with someone who knows how to apply for these funds: heck, if there's free money out there why not? The first deadline for applying is 22 of this month. The actual cash would be available, assuming we passed all the hurdles and tests, in May 2015.

Yes, 2015: and no, this is not how innovation or start ups work. 18 months is in fact the entire lifecycle of an innovative start up these days: Instagram was bought for a billion dollars in about half that time from starting to purchase."

I commented in support of the one way government can successfully promote innovation
"The only way for the state to promote innovation is through X-Prizes - the money then goes to the inventors not the politically connected not those who spend time formfilling.
Technically it would not prevent agreement to offer the prize being reached only too late, because the invention had been made but if so (A) somebody would notice & (B) the prize would not then be awarded and the money wold be available for a new prize."
Mid Staffordshire Hospital - 1400 dead, nobody to blame.
We are the SNP, we don't need to stick to no steekin' law:

The Scottish government is to appeal a Court of Session ruling to quash consent for a major wind farm in the centre of Shetland.

Lady Clark of Calton last month said she was not satisfied ministers complied with their obligations under European nature legislation.

A spokeswoman for the Scottish government said ministers did not agree that the application was incompetent.
John Brignall article on why government much prefers large useless projects to small useless, or indeed useful ones:
"In this respect, it is always well to member the traditional cynical list of the stages of a project:
1. Enthusiasm
2. Depression
3. Panic
4. Search for the guilty
5. Punishment of the innocent
6. Rewards for the non-participants"

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