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Residential income segregation: a behavioural model of the housing market by OliverSparrow in Economics

[–]OliverSparrow[S] 0 points1 point  (0 children)

We find that: (i) a more unequal income distribution lowers the prices globally, but implies stronger segregation; (ii) a spike of the demand in one part of the city increases the prices all over the city; (iii) subsidies are more efficient than taxes in fostering social mixing.

Everyone in the World Should Be Taxed on Their Energy Footprint by GrillaNea in Futurology

[–]OliverSparrow -1 points0 points  (0 children)

Odd how fashions come and go. The Pigou triple bottom line was all the rage in the 1990s: tax on income and (the absence of) social and environmental credits. China is now implementing something like this, an individualised version of the Four Provinces system,m whereby scarce resources are taken from the least worthy and given to the most deserving: in this case, those most conforming to Party norms. Today we have the technology in embryo, tomorrow, mature dominance. And what a lovely future is will be - all transparent, subject to continuous surveillance for your own good and the good of society. Oh, and the environment.

Stephen Hawking joins lawsuit aimed at foiling Hunt's NHS shake-up. Physicist’s dispute with health secretary is reignited as he joins action against changes he fears could lead to more privatisation by formytasks in worldnews

[–]OliverSparrow -1 points0 points  (0 children)

Hawking is a very rich man and I doubt that he is strongly dependent on the NHS. But what has that to do with partnerships between the NHS and local authorities?

Is Society Equipped To Help People Adapt To The Future Of Work? by stormforce7916 in Futurology

[–]OliverSparrow -2 points-1 points  (0 children)

What is "society" that it has "equipment"? Silly topic about fake abstracts. Oh. Forbes.

Should the U.S. Unilaterally Abolish All Tariffs And Duties? A Debate on Free Trade. by Mynameis__--__ in Futurology

[–]OliverSparrow 0 points1 point  (0 children)

Consumers would do well, producers might do badly without fast adjustment. In the long run, you'd probably have a strong shift int he remuneration-skill curve. Here's a short text that describes the dynamic. You end up with a less equal but wealthier society with stronger industry. If you don't do it, or protect more, you get a poorer and less dynamic society that has retained low skill jobs. That's a political choice.

More Than 80 Leading Economists Demand "Not A Penny More" Spent On Fossil Fuels by Splenda in Economics

[–]OliverSparrow 0 points1 point  (0 children)

These "leading economists", they are aware that of the 13.7 btoe used in 2016, 4.8% was nuclear energy, just 14.4% was renewables, of which "new" renewables were 1.4% and all the rest were hydrocarbons? That's 81.1% that were these fossil fuels? And they are economists?

Stephen Hawking joins lawsuit aimed at foiling Hunt's NHS shake-up. Physicist’s dispute with health secretary is reignited as he joins action against changes he fears could lead to more privatisation by formytasks in worldnews

[–]OliverSparrow -26 points-25 points  (0 children)

Prof. Hawking hasn't said anything useful in cosmology for decades and is unlikely to say anything useful about health care now. These are the relevant changes. Just how do they lead to "privatisation"?

The kneejerk word is "partnership", as in STP. These are, however, attempts too bring local authority social care together with NHS medical care so as to prevent descents into acute illness amongst the elderly, bed blocking and similar problems so acute in previous years. Does the good Professor oppose such sensible measures?

240-year-old secret note penned by Spanish priest discovered in Jesus statue's butt by rumborak in worldnews

[–]OliverSparrow 9 points10 points  (0 children)

Not to spoil a good story, but the video shows that the document fell through a hollow figure to the lowest point that it could, aka the pelvis.

The economics of ridiculously expensive art by punkthesystem in Economics

[–]OliverSparrow 0 points1 point  (0 children)

That's why you buy into art funds, or fill cellars with art works. It's not primarily why you buy to hang.

The economics of ridiculously expensive art by punkthesystem in Economics

[–]OliverSparrow 0 points1 point  (0 children)

How would that work? I but an A. Arse for $1m: how does that launder my money? Running a dud pop group and paying tax on allegedly full venues launders money. Owning a no-gold gold mine, but apparently producing tens of kilos per annum and paying tax, that launders money. If you are Mr Arse himself, selling canvasses to your subsidiaries will launder money, but very unconvincingly.

What classes are worth subsidizing? (How about the artists?) by 69_tcrackcrack in Economics

[–]OliverSparrow 1 point2 points  (0 children)

The argument seems to be that a third of the population are 'potential nazis', according to the writer, and that these need to be "challenged". No doubt the right sort of challenge - all progressive and oriented to social responsibility: a cuddly challenge. No Breitbart here. In considering who might emit these cuddly challenges, the writer settles on artists. Most artists, of course, paint fruit and sculpt seabirds, so these would have to be seriously challenging teddy bears. Selection might be a challenge.

This is silly twaddle. There's a good case to be made for subsidising lowly paid workers in socially important activities, from health through education to the military. There is no case to be made for the subsidy of what is elective, already well-remunerated when evidencing talent and fundamentally dependent on a mixture of dedication (the 90% perspiration) and the 10% of inspiration that seems innate to some individuals.

The economics of ridiculously expensive art by punkthesystem in Economics

[–]OliverSparrow 1 point2 points  (0 children)

Of course an owner doesn't "consume" art. It is not diminished by being viewed. Seen as an investment decision - a large number of objects confined to a dark cellar - it yields in bulk disappointing rates of return. Good judgement offsets this, but as the upper-middle market is set less by judgement than by fashion this is not always reliable.

Purchases of individual works for display is like buying a single share: you don't do it primarily for the capital appreciation. You have a glowing companion that keeps it's value (dealer's premium, tax and all that aside). Some artists are collected by people who want to announce that they have arrived - Tom Wolfe wrote a good piece on this - and this world is permeated by status anxiety, sly advisers and lunatic economics. By it's a branch of the fashion industry, not art.

India’s government says it plans to phase out imports of a dirty fuel known as petroleum coke, or “petcoke,” after an investigation found U.S. oil refineries are exporting vast quantities of the product to India by DoremusJessup in worldnews

[–]OliverSparrow 3 points4 points  (0 children)

Petcoke comes in two grades, one of which is not generally used as a fuel, but rather as anodes for the aluminium industry. The 'fuel grade' contains problematic quantities of sulphur, which has to be removed before it is burnt. The cost of shipping fuel coke to India, a major coal producer, is unlikely to be economic.

General: Army Needs More Futurists to Better Predict Conflict by HeinieKaboobler in Futurology

[–]OliverSparrow 1 point2 points  (0 children)

There is a huge amount of futures work undertaken by the military. Unhappily, it's either done by officers on a two year secondment to "planning" or by the sort of people who heap up bullet points, newspaper clippings and /r/Fut memes and call it "futures". You can see this most poignantly from within the energy industry,m which has half a century of serious planing at its back, and the trivia that appears in the popular media; and here.

Military futures are primarily about three things: power projection, conflict avoidance and conflict resolution. Power projection is by no means led by military might. The key is knowing what you want, and from whom, and managing an enormous range of tangible and intangible levers to get towards it. You want stable Atlanticism? Dedicate fifty years to building it up. You want a quiet maturation of Chinese power? Spend thirty years in mutual discussion to ensure it. The reason that we give so much attention to "terror" - despite its almost vanishingly small practical impact - is that it is a tool that it is hard to manage remotely, not least as its users either follow values on which they will not compromise or which predicate unacceptable outcomes, such as the eradication of secular society.

Conflict avoidance and resolution come down to deterrence, winning when that fails and arriving at war aims that lead to a stable outcome. (And not to a frozen conflict that will break out again in a generation.) As major symmetrical conflict cannot and will not lead to any sort of acceptable outcome - save the stability of a cemetery - we have tended to avoid this for seventy years. Which is a triumph of planning, rationality and user education: politicians need to be aware what military power can do, and cannot do.

Nuclear fusion project hails halfway construction milestone by izumi3682 in Futurology

[–]OliverSparrow 9 points10 points  (0 children)

Meanwhile, the Wendelstein 7-X will move to continuous operation in 2019. Good luck to all these parallel ventures.

Russia plans to land on Venus and build an interplanetary station in its vicinity: "A comprehensive program for research on Venus and for creating an interplanetary station there is being developed." by mvea in Futurology

[–]OliverSparrow 13 points14 points  (0 children)

Russia? With a GNP the size of Australia and income per capita equivalent to Tunisia? Don't they have more important things to worry about, like diversifying away from their near total dependence on oil and gas?

A comprehensive study on climate change predicts warming of 5 degrees C by 2100, assuming "business as usual" conditions by Climhazzard73 in science

[–]OliverSparrow 0 points1 point  (0 children)

Nature paper says:

In particular, we find that the observationally informed warming projection for the end of the twenty-first century for the steepest radiative forcing scenario is about 15 per cent warmer (+0.5 degrees Celsius) with a reduction of about a third in the two-standard-deviation spread (−1.2 degrees Celsius) relative to the raw model projections reported by the Intergovernmental Panel on Climate Change.

So not 5o C, but half a degree on top of the worst case scenario.

Global Warming’s Worst-Case Projections Look Increasingly Likely. A new study based on satellite observations finds that temperatures could rise nearly 5 °C by the end of the century. by mixplate in worldnews

[–]OliverSparrow 2 points3 points  (0 children)

Nature paper says:

In particular, we find that the observationally informed warming projection for the end of the twenty-first century for the steepest radiative forcing scenario is about 15 per cent warmer (+0.5 degrees Celsius) with a reduction of about a third in the two-standard-deviation spread (−1.2 degrees Celsius) relative to the raw model projections reported by the Intergovernmental Panel on Climate Change.

So not 5o C, but half a degree on top of the worst case scenario.