 | Forum
Reply | Bank debt slavery (part 97856)
at 14:12 29 Aug 2025
What has happened here? Bankster pushing the Thatcherite idea of "Taxpayer's Money", no it was public money created by the BoE on instruction from the government.
Have you become some extreme centrist trying to claim Monetarism is a valid description of government finance? |
| Forum
Reply | Flags
at 14:17 27 Aug 2025
I guess they got the ski masks from Sports direct as well. There is nothing more innocent than going round the town attaching flags to things in 27C heat with a ski mask on. |
| Forum
Reply | Team for Derby
at 06:38 25 Aug 2025
1-4-2-3-1
Palmer
Johnson
Oshea
Greaves
Davis
Matusiwa
Taylor
Clarke
Szmodics
Philogene
Hirst
More minutes for Cajuste, Akpom and McAteer from the bench. |
| Forum
Reply | This Country is broken.
at 10:07 14 Aug 2025
I've attended a few events at the Centre for the Study of Existential Risk (CSER) based at Cambridge University and nobody has ever mentioned phone theft as the basis for the collapse of modern civilisation. |
| Forum
Reply | Protests in Norwich already
at 16:38 10 Aug 2025
Are you the account that sounds like an aggregator of City AM and The Economist? Do you have any of your own material/research? [Post edited 10 Aug 16:43]
|
| Forum
Reply | Midfield - A HUGE issue currently.
at 09:28 9 Aug 2025
I think that is a good summary.
Jack Taylor has a decent shot on him but never seems to pick up the positions to receive off Clarke and Davis in final third. I think Clarke got caught on the ball a couple times looking for options.
Ali Al-Hamadi is a bit of an enigma, makes a great run into the box, falls over and then elects to pass rather than shoot.
All in all we just looked a bit rusty, trying to blame one unit of team in the first game is nonsense. The times we really upped the pace they looked to be blowing. Nathan Jones said his players struggled with the speed of our play in the Charlton friendly. The brums have been tipped for the play-offs so a decent point away from home and lots of room for improvement. |
| Forum
Reply | How does your garden grow?
at 11:50 8 Aug 2025
Cherry Tomatoes are turning red now and getting quite a good crop.
Courgettes have been hit and miss, not as good as last year.
Herbs still going strong.
Rhubarb has been disappointing. Little spindly stalks, fed and watered it well, crown not that old. I dunno. |
| Forum
Reply | 1-24 Prediction Competition
at 07:22 2 Aug 2025
Ipswich Town
Sheffield United
Southampton
Birmingham City
Coventry City
Leicester City
West Bromwich Albion
Wrexham
Middlesbrough
Portsmouth
Derby County
Swansea City
Watford
Blackburn Rovers
Norwich City
Bristol City
Queens Park Rangers
Millwall
Preston North End
Oxford United
Stoke City
Charlton Athletic
Hull City
Sheffield Wednesday |
| Forum
Reply | What is going on with the weather then?
at 08:26 14 Jul 2025
Scientists do have a consensus on this, it's called spectroscopy. It is tried and tested method that off the cuff loons like Tice would never have the capability of understanding. The scientists who take a contrarian position are sold out to some economic think-tank like the Heritage Foundation or Cato Institute. |
| Forum
Reply | Addressing probability and responsibility in times of stress
at 16:08 6 Jul 2025
Firstly, don't you find it odd that this person doesn't mention the previous attribution studies done on Texas flooding events?
Secondly, ignoring the weird description of the physics, this areas does have frequent flooding events so why were they caught out by this event? We usually find wealthy countries that frequently experience these types of events are well adapted. What was it about this event that caused such loss of life? |
| Forum
Thread | Global Energy Review
at 07:48 27 Jun 2025
The Energy Institute published their annual energy review yesterday and as expected carbon emissions grew just over 1% to 40.8GtCO2e.
https://www.energyinst.org/statistical-review
Here are a few excerpts if you don't want to download the report;
"Wind and solar continued to be the fastest-growing areas
of the energy system increasing by 16% in 2024. China was
responsible for 57% of new additions with solar almost
doubling in just two years.
Global rare earth metals mining increased by 3.2% in 2024
reaching 0.4 million tonnes. China maintained its dominance
accounting for 71% of global production and 48% of
worldwide reserves.
China remains the world’s largest single emitter of greenhouse
gases, accounting for around a third of global emissions.
Along with India, it contributed 62% of the increase in global
emissions last year.
The US was the world’s largest oil producer, accounting for
a fifth of global production in 2024.
China displayed signs of oil demand peaking in 2023
registering a 1.2% drop in demand in 2024.
Over the past ten years coal’s share of China’s generation fleet
has fallen from 70% to 58%. In India, its share has remained
fixed at around 75%.
India’s demand for coal rose 4% in 2024 and now equals that
of the CIS, South and Central America, North America, and
Europe combined.
Global natural gas demand returned to growth in 2024 rising
101 bcm (2.5%).
All regions bar Africa saw gas demand rise in 2024."
Emissions in the US and Europe fell during 2024 and the report goes into granular detail on each country's energy use/production. |
| Forum
Reply | Britain is spending £24k a year on every adult
at 15:28 17 Jun 2025
Sorry, have to downvote Friedman's BS every time even if you do mention real constraints. Commercial banks create 97% of all money. I'm sure you will want to stop this and have the central bank create all money as per the textbook(Thatcher actually tried full Monetarism and it was a total disaster). Loanable funds has to be one of the worst theories I have come across in economics as when you model it dynamically you get no economic activity.
You should read Nick Stern's paper on how rubbish Neoclassical economists are at climate change and the assumption about people solving an Euler equation when wandering around Asda making consumption choices. How does anyone sit for three/four years learning this stuff and not ask if it's a little far-fetched?
There was even one person on here trying to claim Neoclassical economics is free from ideology. All economics is ideological. |
| Forum
Reply | Pensions
at 08:57 29 May 2025
No, it is not unsustainable for a government to fund pensions of public sector workers. Whether there will be a functioning economy to buy goods and services from in the medium to long term is debatable. I will link to a basic definition of why governments can always fund these type of liabilities.
https://theconversation.com/what-is-modern-monetary-theory-an-economist-explains
The private pension industry, however, is quite the problem. The latest report by the pension regulator states,
"Our recent survey indicates that there is still a long tail of schemes where the trustees' knowledge of the scale of financial risks posed by climate change is limited. Where schemes cannot compete on value or governance, we have been clear that the trustees should consider consolidating and exiting the market."
Why is their knowledge so poor on financial risk of climate change? They believed the fantasy modelling by economists on climate impacts. I think the regulator here is putting a certain gloss of the understanding of climate change in the industry as whole. In the insurance industry they use physics-based modelling to understand processes and from that you can apply your risk analysis. I'm not aware of this happening in the pensions industry at all and many are still using the unscientific drivel from economists.
The regulator breaks down risk into three main areas;
"Physical risks relate to the impacts of a changing climate as a result of global average temperature rises and changing weather patterns. These can be divided into acute and chronic physical risks, both of which could impact asset values:
Acute physical risks – include storms and wildfires that cause immediate damage to physical infrastructure and assets together with real-time disruption to supply chains.
Chronic physical risks – these are associated with sustained changes such as increases in the severity and frequency of droughts and flooding. Such changes can cause permanent degradation of agricultural land and supply changes and lead to stranded assets.
Transition risks arise from structural changes in the economy as the UK and other jurisdictions shift towards a low-carbon economy in line with global climate policy goals. The magnitude of risk will be dependent on how quickly and effectively a scheme can adapt and the extent to which there is an orderly or disorderly transition.
Legal and litigation risks may also arise when businesses and investors fail to account for the physical or transition risks of climate change. Risks arise not just for pension schemes with sponsor companies that do not plan and adapt adequately, but also for the pension funds that hold companies’ equity and debt."
The regulator then goes on to discuss some of barriers to progress;
"Physical Risks: Many TCFD reports have previously focused on transition risks in the short to medium term and physical risks in the longer term but have done so in a combined and generic way. However, concerns that physical risks are underestimated have started to increase focus on physical risks, their likely impacts and their potential to arise in the short to medium term.
Stranded Assets: Generally, other than in the context of outline, generic, narratives for qualitative scenarios, the potential for assets to be stranded and the impacts that might have, would benefit from greater consideration.
Nature / Biodiversity: Currently there is no formal mandated requirement for trustees to report on nature related financial risks (TNFD aligned reporting). However, the potential for nature and biodiversity risks to be financially material, the interconnection between nature and climate and the potential for nature to be part of the solution is increasingly being recognised.
Climate Repricing Risk: Apart from some generic references in the context of scenario analysis very few schemes appear to consider the potential for market re-rating of climate risk. Further consideration needs to be given to what the triggers for re-pricing might be and what impacts that re-pricing might have across scheme assets.
Double materiality: The concept that climate-related impacts on a company can be material and requires disclosure is widely accepted. However, the impacts of a company on the climate or wider sustainability issues can also be material. The concept of double materiality has started to become embedded in some sustainable finance disclosure standards but hasn’t generally been reflected in disclosures to date.
Scenario Analysis: The limitations of the initial quantitative scenario analyses carried out by schemes have been recognised and debated within the sector. In response a more qualitative narrative based approach has evolved and is gaining traction. In parallel the approaches to quantitative scenario analysis continue to develop as does the science.
Transition Plans: Government intentions for transition plans for UK regulated financial institutions, including pension schemes are not yet known. However, transition plans, by their forward looking, strategic nature have the potential to catalyse change and help shape investment decisions. Although there is likely to be some lead time before implementation, raising trustee awareness of transition plans and their benefits is an area of ongoing focus for TPR.
Climate related systemic risks: The potential for climate-related systemic risks to build up is an area of interest to the Bank of England’s Financial Policy Committee. There is significant uncertainty around the magnitude of future climate-related financial loses and how and when they might crystallise. Raising trustee awareness of the potential for (climate-related) systemic risks and their potential impacts is also an area of ongoing focus."
Again the stuff on physical risks stems from the belief from economists that damages will be trivial and we can just adapt. The pensions industry is way behind the curve on this and needs to dump the economists and bring onboard climate scientists who can actually inform from a position of reality. I'm not sure growing this industry further in its current state is very logical, and like the insurance industry does now, I think the need for partnership with government is essential to keep these funds viable.
https://www.thepensionsregulator.gov.uk/en/document-library/corporate-informatio |
| | CoachRob
|
Site Scores| Prediction League: | 2 | | TOTAL: | 2 |
|
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.