The United States of America launched a drone attack a few days ago. The drone contained a bomb which exploded on a home in Southern Afghanistan, killing a two year old child and injuring two women. Continue reading
Northern Texas in the past three or four weeks has experienced an intense series of earthquakes. Historically this part of America has had only two earthquakes between 1970 and 2007, but in 2008 a series of minor earthquakes were recorded and in the last few days two earthquakes, each measuring 3.6 and 2.8 on the Richter scale happened. Continue reading
I have always held that if the Scots want to be independent, they should be independent. The demand for independence is part of nationalism and in small doses nationalism is a useful antidote to oppression which is not always guaranteed to work. However, the debate about Scottish independence does not seem to centre around freedom, liberty and protection from oppression, which were the driving forces that made The United States of American Mexico, India, Pakistan, Cyprus and many other nations become self governing states. The debate centres around economic interests.
The Scottish Nationalists seek to persuade people to their view not just by an appeal to their nationalism, their heritage and their unique culture, freedom, liberty and the pursuit of happiness but by an appeal to their pockets. The Nationalists argue that Scotland would be wealthier, more prosperous and better of if it was independent of the rest of the United Kingdom so that it could appropriate the oil and gas reserves that would belong to it, if it were an independent nation. Those oppose deny this argument.
Of course, during the period when the United Kingdom has been a Union there have been times when the Scots benefited economically from the Union and now they see a prospect of benefiting from separation, that argument seems to prevail.
There are good times and bad times. there are times when the oil and gas flow freely and times when it dries up. There are swings and roundabouts in all economies. Making a decision to be independent because a politician tells you that you will be £500 a year better off with independence seems to me to be madness. Scots should vote on whether they wish to be independent according to whether they will be happier pursuing their own destiny free from the United Kingdom, not on whether a bunch of sleazy politicians tell them that they will be better off or worse off.
While the United Kingdom’s renewable energy sector is losing business, due to uncertainty about government policy and the administration’s poor understanding of renewable energy the renewable energy sector in India looks as though it will become increasing prosperous and increasing important to the economic development of India. Continue reading
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Lending by banks is a bit like umbrella lending; when it starts to rain the lender takes the umbrella back; what RBS seem to have done is reverted to the lending practices that prevail in the undeveloped and developing world; when it starts to rain not only does the lender take away the umbrella, but also takes away the borrowers clothes off his back and the shelter in which he lives. Continue reading
It is not surprising that claims are beginning to be made in the press that the banks have behaved rapaciously and immorally. The latest allegations is that RBS, a bank now mainly owned by the taxpayer, has squeezed some assets from some of its borrowers and put the borrower into liquidation in order to acquire the asset for a fraction of its real value. Continue reading
The talks about preventing global warming in Warsaw have ended with a compromise between the nations. Like all compromises the participants have given up some of what they want and agreed to some of what they do want. that is the nature of compromises. Continue reading