Families in the U.K now owe a record 173% of their incomes in debt, up from 129% five years ago. This is the highest level of debt a G7 country has ever seen, and it has been largely financed by rising house values, so-called. Meanwhile consumwer cofidence is now a minus figure of 34, the …
The processing capacity of a typcal desktop computer is 25 billion instructions per second. For the average human brain the figure is 100 trillion (trillon?). So why is everyone around me so slow on the uptake? Witty repostes welcome.
James Saft in the International Herald Tribune (July 9th) points out that Britain some years ago (under the superficial Blair) made the decision to base the “new economy” on property (assumed to rise indefinitely) and the financial services industry (presumed to know what it was doing). The country outsourced everything else and saw financial intermediation …
The main objection I have to religion is not that otherwise sensible people believe in virgins giving birth, or holy spirits, or papal ‘infallibility’. If people want to believe in them let them get on with it. What I object to is that religion has become intrusive and political, and has been dictating part of …
Over half of U.S. voters reject the idea that public service is better than working in the private sector, according to a new Rasmussen Reports national telephone survey. Only one out of six voters view work for the government as a higher calling.  (Rasmussen Reports, July 5th) I read somewhere a month or two ago …
