It May Seem Painless, But The Drone War In Afghanistan Is Destroying The West's Reputation

Supporters of drones – and they make up practically the entire respectable political establishment in Britain and the US – argue that they are indispensable in the fight against al-Qaeda. But plenty of very experienced voices have expressed profound qualms. The former army officer David Kilcullen, one of the architects of the 2007 Iraqi surge, has warned that drone attacks create more extremists than they eliminate. Sir Sherard Cowper-Coles, Britain’s former special representative to Afghanistan and Pakistan, is equally adamant that drone attacks are horribly counter-productive because of the hatred they have started to generate: according to a recent poll, more than two thirds of Pakistanis regard the United States as an enemy. Britain used to be popular and respected in this part of the world for our wisdom and decency. Now, thanks to our refusal to challenge American military doctrine, we are hated, too.

During the 80’s when terrorists had Irish accents, Maggie Thatcher used the SAS to help put down the IRA. They reported back that for every terrorist they killed, there was a father, brother or son ready to replace them. Nothing was ever as effective at fighting terrorism than arresting people and putting them in jail. The emotional shock and sense of injustice anyone would feel when seeing a loved one killed (no matter if you’re on the wrong side) pushes them to act out against the killer, an arrest doesn’t have that same emotional element and so a movement loses momentum. Now with this faceless drone war, the sense of injustice is even worse and The West is proving to be its own worst enemy, perpetuating the war on terror with its own actions. 

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Niall Ferguson - SIEPR Economics Summit

Something is rotten in the state of America, We think we have the rule of law, we actually have the rule of lawyers.

The rule of lawyers involves rent seeking behaviour by a self-perpetuating elite which controls the output of the legislator. The legislator produces articles like the Dodd Frank Bill which is written in deliberately obscure verbiage deliberately intended to be ambiguous. Why is it deliberately ambiguous? So that lawyers can interpret it’s obscure meaning to compliance departments who then explain it to the people who actually run the businesses in this country. We worry a lot about the cost of government, but what about the cost of law. Maybe that is as big a cost on business as all the bureaucrats in the federal government put together.

My experience of staring a business is that it is harder because of lawyers, who charge extortionate amounts of money who essentially blackmail me with threats of future litigation and consume almost the entire starting capital of the venture.

Niall Ferguson points out the west is failing because our institutions, like rule of law, are failing.

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Facebook IPO Was An Inside Joke

Turns out that before the Facebook IPO, Morgan Stanley and Goldman Sachs revised down the value of the shares and the prospects for future growth but neglected to tell anyone about it. Instead they told a few of their select investor friends who reduced their purchasing of Facebook shares accordingly whilst everyone else poured their money into shares that were destined to fail. I’m not a financial expert, but can someone tell me if this is insider trading or not? because it is shady as fuck.

No doubt someone has made a killing by shorting the shares. I would also like to point out that I totally called this  months ago. 

Facebook is not worth $100bn, Although I’m sure Goldman Sachs will buy some stock and sell it for twice the price before the bubble bursts and then short-sell their buyers stock and make a handsome profit on the loses.

Does this make me a genius, either way I think I deserve some internet points.


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Prime Minister’s Questions - Cameron vs. Miliband

I could watch these things all day. Every government should do this, I don’t think anything every gets solved or anyone’s mind gets changed during these things, they just turn up to shout at each other, but it’s still a great show. It would be spectacular to see Obama and other US politicians to have to work in this way.

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G8 Leaders Watch The Champions League Final At Camp David

David Cameron Celebrates Chelsea’s win after 120 minutes and a penalty shoot out, whilst Angela Merkel looks less pleased. I’m sure Bayern will be punished for such insolence.

Pete Souza, White House

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TED, Nick Hanauer - Taxes (The talk too controversial to publish?)

In a post on his blog, Chris Anderson posted on his website explaining why he chose not to post this talk on the TED website. Ultimately he thought the talk wasn’t that good, even if overall he may have agreed with the message, and so chose not to use it. However because of the subsequent hoohaa about censorship he has now uploaded the talk to youtube so we can judge for ourselves, and suggests that TED might create an archive page where all TED talks that aren’t used can be viewed in the future.

Chris also described it as partisan talk, having now viewed it myself I can’t say I particularly agree with that assessment, but i do Agree with his judgement that it just isn’t that good. It’s a bit light on facts and information and makes general statements without backing them up thoroughly, so I agree with him omitting it. Take a look and see what you think.

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TED Refuses To Post Video Of 'Controversial' Tax The Rich Talk

Chris Anderson explains that TED would not post a talk about taxing the rich because it was deemed too political. In march Nick Hanauer gave a talk that pointed out that the rich don’t create jobs, but in fact it is the middle classes that create jobs when they spend their hard earned cash.

Read the full talk here

See the slideshow here

Thankfully Internet rule 19 is now in full effect

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TED, Rory Sutherland - Perception Is Everything

The circumstances of our lives may matter less than how we see them, says Rory Sutherland

Basically he’s saying the illusion of choice, quality and control is just as good as actually having them. 

I understand he is correct and everything, but fuck I hate people sometimes.

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