We have the statistics. Why not consult them?

From 'Not A Sheep': In 2003 [Trevor Phillips] wrote an article where he said "from Rome, through Constantinople to Venice and London, our (European) nations have a history of peacefully absorbing huge, diverse movements of people, driven by war, famine and persecution; and there is no history of long-term ethnic segregation of the kind one … Continue reading We have the statistics. Why not consult them?

Northern Rock and moral hazard

People have been blethering on about the 'moral hazard' created by government deposit insurance for banks. Unfortunately, they're idiots. Deposit insurance *does not* encourage financial institutions' shareholders to invest in risky assets, because it doesn't prevent the shares from losing all their value when the risky assets go tits-up and the company goes bust. Since … Continue reading Northern Rock and moral hazard

On that whole Northern Rock thing

What kind of loony keeps more than £35k in savings accounts with a single bank? NB if you're reading this and you have more than £35k in savings accounts with a single bank, you should immediately transfer the balance over £35k to a different bank. There is no sane reason not to do this, and … Continue reading On that whole Northern Rock thing

Two exciting data points

#1: I'm the top hit on Google Hong Kong for "senior accounting partner glamorous life". Hurrah! (note: I'm not a senior accounting partner, despite my glamorous life). #2: a right-wing nutcase (with the amusing trait of pretending not to be right-wing, which is easier to do if you oppose extra-judicial punishment beatings) is trying to … Continue reading Two exciting data points