Thu 30th Oct 14 - 14:29

Mr Redwood recently posted on the subject of Quantitative Easing: People say the aim was merely to bring down longer term rates of interest, to make it cheaper to borrow long term. They see QE as an elaborate way of altering the price of long term money compared to short term loans. Perhaps the Bank's first explanation that it was to try to inject cash into the economy to be spent is nearer the mark. What is more interesting is the change of stance on unwinding the position. In the early days it seemed likely that first the Bank would ...

Thu 30th Oct 14 - 11:56

Nobody can accuse the Americans of pulling their weight, at least not when it comes to vehicle safety. The Daily Mail reports that are packing on the pounds to better reflect the expanding waistlines and larger rear ends of many Americans: Manufacturer Humanetics has developed the new model after studies found that obese drivers are 78 percent more likely to die in a car crash. Dummies have traditionally been modeled on a person weighing about 167 pounds with a healthy body mass index. The new super-sized dummies are based on the measurements of a 273-pound person with a BMI of ...

Thu 30th Oct 14 - 11:12

The reason why I have set Blogger to allow vetting of comments before publication is illustrated here. I am fairly liberal, but I draw the line at messages containing links to URIs which I do not know are safe and those which contain material which could lay me open to police or court action. Without knowing the content of the message which is key to Caron Lindsay's article, I would guess that its racism was such that it would have failed my second test. Of course, it is easy for me to police the infrequent comments that this low-profile blog ...

Thu 30th Oct 14 - 01:14

A nice coincidence after my posting about devolved transport administration, Andy Sawford MP yesterday won leave to bring in a Bill to allow public-owned entities to bid for British rail franchises. It is unfortunate that Mr Sawford chose to use most of his ten minutes in promoting Labour's 2015 manifesto policy, thus attracting an equally doctrinaire response from Martin Vickers on the Conservative benches. Ten-minute Rule motions mostly go through on the nod, in the knowledge that there is practically no parliamentary time available to allow the resulting Bill to proceed, but this one aroused so much passion on the ...