So Shriti Vadera thinks there are signs of improvement in the economy. The Tories have messed themselves, predictably. Hey, she rationalised the railways. But there are good reasons to think this: there are indicators. Notably, the spread – the difference in interest rates – between blue-chip and risky commercial paper is narrowing sharply. Similarly, the…
Read More reasons to be cheerful, part 3Bruce Sterling quotes a study into state failure which – counter-intuitively – puts Iceland and Canada at the top of the list of stable polities. It’s worse than that, though; they reckon Hungary is superstable , and they’re in the middle of an epic bank-currency-credit-mortgage crisis which has metastatised into a panic call to the…
Read More StabilityI’m getting reports that the UAE authorities have revoked permission to fly for all Antonov-12s, and the substantial fleet based on Dubai and Sharjah has been given notice to quit last night. Apparently the proximate cause was a spate of embarrassing and perilous runway excursions, as well as the recent loss of an Antonov-12 with…
Read More when you feel the heat you’ve got to move your fleet (2)