24 million Americans have lost their jobs in the last 4 weeks. The British chancellor is going to issue £180 billion (£180,000 million) of new government bonds to cover just a couple of months. In comparison, after a great depression and two world wars, our national debt on an inflation-adjusted basis was £980 billion at the end of world war … [Read on]
On Monday 20th April 2020, something extraordinary happened, something never seen in the history of commerce; you could buy American West Texas Oil at a negative price: The sellers were going to pay you to take the stuff away, and you would not be paid just a little, but a whopping $40 a barrel to be the buyer. Just a … [Read on]
The Covid shutdown, according to the Centre for Economics and Business Research, is costing £2.5 billion a day in lost production. Today, we could have paid 100,000 extra nurses an annual salary of £25,000 a year. Tomorrow, £2.5 billion would have mended every pot hole, on every road in Britain. On Wednesday, we could have built six sparkling new hospitals. … [Read on]
Wild animals are enjoying Covid. In Nara, Japan, deer are wandering around ‘lock-down’ subways stations. In Panama, racoons are frollicking on deserted beaches and closer to home, a little train of mountain goats was spotted wandering past a solicitor’s office in Llandudno High Street. Less people and nature returns quickly and with avengence. There is another advantage to Covid – … [Read on]
An unprecedented ten million Americans have lost their jobs in the last two weeks. In Britain, an unknown number of people have been ‘furloughed’ with the government paying 80% of their salaries. This will hide the true scale of the economic devastation for a while. Ferry companies that transport a large part of our imported food say that they have tried … [Read on]
What do we actually know about China? The answer is not a lot. Unfortunately, this also applies to most of our gormless MP’s who are forced either by electoral pressure or political ideology, to be more concerned with transgender toilets or fights over unpopular planning decisions in their constituencies. Those who follow politics will have seen the dire warnings made … [Read on]
The WHO has just felt it necessary to publish six ‘tips’ for managing parenting in a time of Covid 19. These presumably had to be produced because the majority of twentieth century parents hate having their children at home and need tips on how to deal with the awful stress this induces. These include ‘Spend quality time together’ and ‘Keep it … [Read on]
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