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Posted on Sunday Jan 3 11:22:00 GMT 2010
I see that 25% of Iceland's electorate have petitioned their Government to cease repayments to foreigners who lost money when the Icelandic banking system collapsed.
 
The cost to each Icelandic citizen is about €12,000 so I can quite understand why there is a reluctance to make the payments - no doubt the British people would be equally unhappy in similar circumstances.
 
However, some of us with long memories remember the way that the Icelanders shafted the British fishing industry back in the late 1970's - this caused massive hardship in our northern ports in particular.
 
Perhaps we can be forgiven for feeling a certain sense of schadenfreude when looking at the problems with the Icelandic economy?      
Posted on Sunday Jan 3 9:47:00 GMT 2010
There is an interesting article on John Redwoods website today which compares the performance of the British economy in the last 10 years with the remainder of the post war period.
 
I am quite surprised at his claim that manufacturing industry under New Labour since 2000 has performed worse than in the 1980's under Thatcher.
 
The British "folk memory" is of the 1980's Tory government destroying our manufacturing industry - I'm not sure how many people will believe that things have actually been worse under Blair, Brown et al.
 
 
Posted on Saturday Jan 2 10:17:00 GMT 2010
Spotted this on Ian Dales blog this morning.
 
I made a similar observation back in August.
 
If it is true that Harman rather than Mandelson will run Labours General Election campaign this is a very welcome New Year Gift to the Conservative Party.
Posted on Saturday Jan 2 9:16:00 GMT 2010

Following Umar Farouk Abdulmutallabs' abortive attempt to murder hundreds of people by exploding his underwear a few days ago the news has been dominated by stories about airport security.

 

I have been slightly concerned about some of the reports that have "talked up" the increased use of full body scanners.

 

I have no problems at all with the use of this equipment, although I understand why some people may worry about the intrusive nature of the scan.

 

Rather I question the immediate practicality of the scanner:

 

To explain, reports indicate that it takes between 15 seconds and 2 minutes to scan each passenger.

 

Doing some quick maths one can see that unless there are a large number of scanners used at the hub airports then the check in time is going to increase enormously.

 

A fully loaded A380 Airbus, in it's usual configuration, carries 525 people - assuming it takes a minute to scan each passenger that equates to nearly 9 hours of scanning time - & that it for just 1 aircraft.

 

Also this is additional security - there will still be the usual procedures.

 

Multiply that by the number of flights on high risk routes then one can envisage real problems unless there is a massive investment in large numbers of scanners which apparently cost about $200,000 each.

 

The Israeli airline EL AL has operated with enhanced security checks for years and has had a much longer check in time than other airlines.

 

I guess this has been manageable on a small airline with a small number of flights but expand that to every airline on, say the transatlantic routes, then the possible scale of the problem becomes apparent.

 

The cost of the equipment will, inevitably, eventually fall to the passenger with increased fares, increased airport taxes or both.

 

Given this one can understand why terrorists favour the type of attack that "failed" the other day.

 

Even if the bomb doesn't work there is still a massive financial effect on airports, airlines and the overall world economy.

Posted on Saturday Jan 2 8:46:00 GMT 2010
A New Year but New Labours attack on the motorist continues unabated.
 
Currently, anybody convicted and fined in a court have a surcharge added to their fines & that surcharge goes towards support services for victims of crime (whatever that means).
 
The latest cunning plan from our Government is to extend this scheme to fixed penalty notices.
 
In effect this means that the £60 fines that motorists currently have to cough up for falling foul of revenue collecting speed cameras will increase to £75.
 
To me what is quite revealing are the arguements that "Government Officials" have put forward to defend this plan.
 
Apparently they say that these minor motoring offences are not "victimless crimes" as thousands are killed / injured on the roads each year.
 
So folks, there we have it - according to the Government the next time you get caught a couple of MPH over the speed limit you are a criminal, even though you don't have to deal with the police, go through the courts or get a criminal record.................
 
I suppose that at least the Government is now admitting what many of us have thought for years - that the state is intent on "putting us in our place" by criminalising as many of us as possible!

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