Why Europe’s right to be forgotten online will be an expensive mistake June 1, 2014 GOOGLE has taken the first steps towards complying with the European Court of Justice’s (ECJ) ruling that people have a right to have links removed from search results. But debate around the “right to be forgotten” online is not going away. Some have praised the ECJ for empowering individuals to have more control over their [...]
Letters to the Editor – 02/06 – Drugonomics, Taxing times, Best of Twitter June 1, 2014 Drugonomics [Re: Vice adds around £10bn to the UK economy, Friday] That drugs constitute such a sizeable chunk of economic activity is a reminder of the potential gains to be had from legalisation. At around £1bn for powder cocaine, £828m for cannabis, and over £4.4bn for all illegal drugs combined, these estimates give an idea [...]
City & Gild: Cutting back on brands won’t help firms grow May 30, 2014 It was a sad day for many when the news reported that the West Cornwall Pasty Company was about to go under last month; anyone who has said yes to “one for the road” has undoubtedly stood trackside gobbling down the unctuous beer sponge that is a pasty. Stodgy, trusted and just what you need [...]
Letters to the Editor – 30/05 – Man and machine, Clegg the liberal, Best of Twitter May 29, 2014 Man and machine [Re: How Google’s driverless cars could save your life – and make you money, yesterday] Sam Bowman is right to say that the growth of driverless cars will raise logistical and legal issues, one of the biggest being the conflict with human-controlled vehicles. Driving algorithms are no doubt far safer when surrounded [...]
Putin fears an EU fracking bonanza – but environmentalists don’t have to May 29, 2014 RUSSIA and China agreed on a $400bn, 30-year deal last week, wherein Gazprom will deliver 38bn cubic metres of natural gas a year to China. This will exacerbate the EU energy crisis, but the bloc still seems intent on ignoring the only obvious solution – fracking – and fidgets at the margins with renewables. Large [...]
Why Scottish independence would be costlier than the nationalists believe May 29, 2014 ON 18 September, the Scottish electorate will vote on whether to secede from the UK. Although supporters of the Union may be reassured by polls suggesting that break-up will not happen, this should not be taken for granted. And both sides have not properly analysed the economic consequences if the Scots do vote to leave [...]
How to make long-term saving work for everyone May 29, 2014 AUTO-ENROLMENT, the revolution in workplace pensions introduced in October 2012, has been a big success so far. Requiring firms to enrol staff in a private pension, with employee contributions topped up with tax relief and an employer contribution, the policy will reach all employers by 2018, with staff able to opt out if they wish. [...]
Letters to the Editor – 29/05 – Energy innovation, Best of Twitter May 28, 2014 Energy innovation [Re: Why environmentalists should embrace fracking, yesterday] Paul Ormerod’s opinion piece claims that I deny the ability of innovation to solve climate change problems. That is absolute nonsense. We need every tool available to us if we’re to build a new energy system based on clean, home-grown, secure energy supplies. We need a [...]
Forget the dodgy numbers: Leaving the EU makes economic sense May 28, 2014 UKIP’S recent electoral triumph has reignited debate about the cost of Britain’s place in the EU. But what do we know about the economics of our membership? Let’s start from the beginning: we’ll find that Brexit has long made economic sense. Prior to joining the then Common Market in 1973, two government white papers and [...]
How Google’s driverless cars could save your life – and make you money May 28, 2014 WHEN the man behind the Segway, the battery-powered personal mobility scooter, died after riding one of his products off a cliff, it seemed like a grim end to yet another transport fad. After the Sinclair C5, the hovercraft, the poweriser and the Segway, it’s easy to be sceptical about the next sci-fi “leap” in transportation. [...]