Archive for March 7th, 2016

Dumping Trump? But For Whom?

Monday, March 7th, 2016

Following the latest contests it is realistically a fight between Trump and Cruz. Trump is ahead on delegates but by fewer than a hundred. Cruz is very right wing, against abortion etc. and would tear up the deal with Iran over nuclear weapons which is not only imbecile but would isolate America internationally without a single ally except Israel.

Trump says outrageous things, dies his hair and winds people up. But he cuts deals and has a shrewd judgement of the other side’s red lines and would do better than everybody thinks on the international stage, especially with the Russians. Domestically it is hard for me to judge. But what he says to get votes and what he does may be not quite the same. Again he would cut deals. His fortune is estimated at between $ 4 and 10 billion and you can’t get that kind of money if you are clueless.

I would sum up the difference between the two this way. Cruz is driven by ideology. Trump is driven by outcomes. Oh and Rubio? He has not yet learned how to drive.

Hinkley Point: What Next?

Monday, March 7th, 2016

The news that a top EDF  executive has resigned over this mess is hardly surprising. What is the more astonishing is that this project is still officially ongoing. The hardware is of an unreliable design, difficult to maintain and much more expensive to build and the electricity price guarantee given by the government to persuade them and their Chinese partners to proceed amounts to financial rape of consumers who will have to pay the bill.

This comedy of errors, wishful thinking and planning failures shines the spotlight on the continuing deterioration in the strategic security of UK energy generation, which even now causes consumers to face exorbitant energy bills by comparison to most other advanced countries and puts business at a severe cost disadvantage in international markets. Privatisation of power generation was a mistake. It has to be reversed. The Tories are ideologically unable to go there even if reduced to reading hard copy with candles. This is an opportunity for Labour. The public would vote for renationalisation in very large numbers.