BBC channels Anti-Saloon League

A BBC article on alcohol consumption statistics features a stupid comment: The figures also suggest that alcohol consumption is increasingly a problem among the middle classes. Men and women in "managerial and professional" households drank an average of 15.1 units a week. The same study also shows that men drink, on average, twice as much … Continue reading BBC channels Anti-Saloon League

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

Booze, work, outrage

Apologies for absence; I've been working insane hours on a pharmaceutical industry project, which is now over. Interesting tangentially related statistic #1: a patented cancer drug takes seven years to bring from the start of human trials to market, and has a 9% chance of actually reaching market. Even after successful Phase II trials (which … Continue reading Booze, work, outrage

Striking a blow against empty webspace…

I've got a new piece up on the otherwise increasingly moribund Sharpener, about the terrifying public and press reaction - both in the UK and in Iran - that risks escalating a minor diplomatic incident into a casus belli. Hopefully sanity will prevail: ideally on both sides, but at the very least on ours...

You have picked the wrong villain

The London Astoria is one of the capital's best-known live music venues; hundreds of groups ranging from Nirvana to the Stones have played there over the last 15 years. It's also reportedly "under threat" from property developers in sinister allegiance with the Olympics and most recently Transport for London's evil machinations. Indeed, it is true … Continue reading You have picked the wrong villain

What I’ve been up to

Mostly, I've been working and having a life. However, I've also written a couple of articles that have gone up at The Sharpener: Defend the Lords (by electing them) and It's morally right that people should die for my amusement. I'd rate them as worth a read, but then I would, wouldn't I?