Hutt Radio: A group are starting up a Hutt Radio site. Will be interesting to see what they play and if we can hear it here, although they will only be up the road at Naenae. Will sign up as a foundation member for SeniorNet at very least to get some free adverts. Will see if Rotary are interested.
Rotary: Sadly a very dear friend and fellow Rotarian passed away last Sunday. Funeral was on Friday (had to miss Probus which was the Film Censor, which would have been interesting). Tremendous turnout for a man who achieved much in his professional and personal life - would have been near 200 people present.
Politics: Richard Worth has gone. However, as usual when people make accusations their own private life, warts and all, are also dragged into the limelight. Labour easily won my old home suburb of Mt. Albert. Unfortunately, not that it would have gone National, Melissa Lee was a disaster. Her long term political career is probably over.
Rugby: All Blacks were terrible and France well deserved wimnners and in fact should have won by more.
Kipp: Haven't had him over for a while but he stayed last night. As for Monty - he is making tremendous progress, kicking away and trying to crawl.
SeniorNet: Has been taking up a fair bit of my time lately as we have been looking for new premises. These have now been found and we now move to the planning stage for the move. Will be pleased to move as the last premises didn't work out as well as we wanted, or were promised. Hope this lot go better.
More Politics or is it common sense. It has been called the Black Swan Theory.
1. What is fragile should break early while it is still small. Nothing should ever become too big to fail.
2. No socialisation of losses and privatisation of gains. (Which I have said myself before). Whatever may need to be bailed out should be nationalised; whatever does not need a bail-out should be free, small and risk-bearing.
3. People who were driving a school bus blindfolded (and crashed it) should never be given a new bus.
4. Do not let someone making an “incentive” bonus manage a nuclear plant – or your financial risks. Odds are they would cut every corner on safety to show “profits” while claiming to be “conservative”.
5. Counter-balance complexity with simplicity.
6. Do not give children sticks of dynamite, even if they come with a warning . Citizens must be protected from themselves in important matters.
7. Only Ponzi schemes should depend on confidence. Governments should never need to “restore confidence”.
8. Do not give an addict more drugs if he has withdrawal pains.
9. Citizens should not depend on financial assets or fallible “expert” advice for their retirement. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
10. Make an omelette with the broken eggs. Finally, this current economic crisis cannot be fixed with makeshift repairs, no more than a boat with a rotten hull can be fixed with ad-hoc patches. We need to rebuild the hull with new (stronger) materials;
