Illustration: T.A. Gruneisen/WIRED
And yes I know the convention is bitcoin like dollar and pound, yen, etc. 
Illustration: T.A. Gruneisen/WIRED<
BAE Shipbuilding Fiasco Has Lessons
Source: defense-aerospace.com; published Nov. 7, 2013 By Giovanni de Briganti
BAE TO SHUTTER LAST UK SHIPYARD
A vastly different and nuanced take on the ‘closure’ from Sir Humphrey:
The death of UK shipbuilding has been greatly over exaggerated
The news in the UK is dominated today by the announcements of mass redundancies in the BAE shipbuilding business, with almost 2000 jobs being lost at three sites in Portsmouth and Scotland. The news is very sad, particularly for those families involved, but offset slightly by the news of a planned order of three new OPVs for the Royal Navy, ostensibly to replace the current River class vessels. The news has been seen as highly damaging to the UK shipbuilding industry, and resulted in headlines claiming the end of 500 years shipbuilding as we know it in Portsmouth (in fact utter nonsense as Portsmouth has gone many decades without building warships other than HMS CLYDE – it had only recently regained construction of blocks for the Type 45 project) and leading to unpleasant suggestions about it being a sop to the Scots ahead of the referendum.
October 15, 2013
Europe Is Burning, Slowly
WALTER RUSSELL MEAD
Nice to see a sensible piece and on a topic other than DC idiocy.
The Gig Economy: The Force That Could Save the American Worker? BY MICHA KAUFMAN, 09.17.13
Back to the future, the steady job ‘created’ by Henry Ford and his cohort will fade from center stage after about a century of centrality, making economists’ jobs even harder. My belief that this is already happening and is part (probably a tiny part) of the official jobless recovery problem.
The Next Wireless Revolution, in Electricity : By TINA ROSENBERG : September 11, 2013
Great synopsis piece on how the spin offs of our mobile life is creating an underpinning for a financially, socially and ecologically sound human social revolution. Or at least that’s what we can hope for.
At PhysOrg.com:German energy giants pull plug on conventional power
by Mathilde Richter
Lightning fills the sky above a wind farm near Jacobsdorf, eastern Germany in May 2013. With political clout firmly behind renewables, priority is given in the national power grid to so-called “clean” electricity.
From the: Hoover Institute: defining ideas: Losing the War on Drugs by George P. Shultz
First, who knew George Schultz, who was in the news all the time when I was young, was still alive? Glad of it! A hard nosed realist with polish and vast experience. I just hope this is part of a change in policy thinking…but I fear the vested interests!
A vast torrent of our resources among the some part of our morale stature, our trust and lawfulness, have been poured into the maw of the beast never to be seen again. Worse, the ruthless torrent has eroded our very ability to gate it.
Criminalizing human behavior does not stop it, it gives you (the one trying to mitigate harm) leverage. When that leverage works double, triple or more for the other side, you are the fool dangling off the end of your supposed ‘advantage.’

Photographer: Daniel Acker/Bloomberg
You Can’t Afford Your Broker, at Any Price By Megan McArdle Bloomberg Aug 13, 2013 11:49 AM ET
Your broker does not have a fiduciary responsibility to you! She makes her money off of you!
This is why talking to the neatly turned out young things at any financial shop gives me the heaves. But they wangle it so it’s difficult not to, once in a while.
Best advice for the small investor, put the money in, keep an eye on the economy and your situation and try to forget about it….uhh, while, you know, keeping an eye on the …..etc…
The Atlantic: The Great Wall of Texas: How the U.S. Is Repeating One of History’s Great Blunders
Great little piece, good use of references to Rome, China and Great Britain’s Empire. The title is a bit ExcelaCorridor sneering but that’s the editors fault. I am proud to have been born in Britain and be a Naturalized US citizen. I’m also a wonk-geek-nerd-intellectual-libertarian I think the sealing of the border is fantasy/pandering/bunk, a channel for more neo graft cronyism.
We need immigration reform and border security but in a nation the size of the US, physical barriers are a boondoggle. Reform immigration and border security becomes easier since the vast huge immense majority of folks coming will want to come through the check points and follow the rules. The guys out in the desert, at sea or in the booneys looking to cross without being checked will be much easier to spot.
Too complex an issue you say? Not so say I:
What about quotas, dumping, the hoards who will flood in, all those aliens? You wail…and let’s get this right this what helps give zombie flicks their grist these days….
Read more at : MeganMcardle.com: Is the MBA Going Away? 9July 2013
… it is the graduate schools that the collapse has begun. That doesn’t mean that graduate education will go away (after all, neither tulip bulbs nor stock exchanges went away when those bubbles collapsed); rather, the market will get dramatically smaller, with the shakiest programs going bust, others retrenching, and the top ones continuing to draw more students than they can enroll. If it spreads to college, we should expect to see the same pattern: top tier schools surviving and even thriving, while lesser ranked schools pitched into financial crises by declining enrollment.
Also: Don’t Go to Business School! by Megan McArdle at The Daily Beast Jan 9, 2013 10:36 AM
Unless you can get into a top program, professional school may cause more problems than it solves