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{ Monthly Archives } December 2011

Incentive structures

There was a typically contrarian article by Dominic Lawson in today’s Independent. Most of the article made the obvious, but generally unwelcome, points that most people regard incontinent lending [by banks] as a wonderful thing and consider banks that refuse to lend to either them or their businesses as beyond the pale and what most [...]

Special relativity (7)

SOLUTIONS [problems] 5. (addition of velocities) Answer: A moves with velocity u = (v + v′)/(1 + v v′) in frame F. Take F and F′ to coincide at t = t′ = 0, and assume A leaves the origin of F′ at t=0. Then at t′ = 1 in the F′ frame, A reaches [...]

Terrorism

I was wrong. I thought that the Tories, as instinctive supporters of the police and security services, would find it difficult to start dismantling the outrageous anti-terrorism laws which Blair left behind. But on 18 March 2011 a statutory instrument (SI 2011/631) came into force and provided (art 2) that: 2. The Terrorism Act 2000 [...]

Special relativity (6)

A few further elementary points, presented as straightforward problems: Problems 5. (addition of velocities) A moves with speed v′ along the x′-axis of frame F′, which in turn is moving at speed v along the x-axis of frame F. What is the speed of A in frame F? 6. (Doppler shift) (i) A moves towards [...]

RBS

The FSA report on the collapse of the Royal Bank of Scotland (pdf available here) was published on Monday this week. The taxpayer loss on the debacle is currently estimated at £25 billion – but that could improve (or worsen) before it is crystallised. The Report is a weighty document (about 300 pages of text [...]