Tuesday, July 26, 2011
Monday, July 11, 2011
This Article Re-Posted Courtesy of the Daily Reckoning
China’s Internal Credit War
Tuesday, 12th July 2011
Paris, France - Melbourne, Australia
By Dan Denning
--The papers are full of winners and losers from the government’s carbon tax. Blah blah blah. Nearly everyone will be a loser in the long run. But for investors, the big winner is obvious: natural gas.
--Rent seekers will be pleased that the government will set up a Clean Energy Finance Corporation (CEFC) and fund it to the tune of $10 billion. A government-picked committee will pick winners in the alternative and renewable energy industry to spend taxpayer money on—this from the government that has burned down homes and wasted billions in its previous efforts to stimulate the economy.
--The CEFC is almost guaranteed to be rife with incompetence and corruption. It is the nature of government agencies. And the central problem is that this isn’t investing at all. This is spending money on technologies that cannot reliably deliver base-load power in a cost-competitive way. This is a gift, a subsidy, and an occasion for front running, in which favoured industries and companies are going to get money because they’re connected.
--Same as it ever was with government-run programs. The really scary creation of the carbon tax is the Climate Change Authority. This new organisation will set targets for greenhouse gas emission levels in the same way the Reserve Bank sets targets for the price of money. It will even be run by former RBA governor Bernie Fraser. More on how this price-fixer will work tomorrow.
--Why is gas the winner? Even before the carbon tax was announced ABARE was reporting:
“The share of gas in electricity generation is projected to grow from 19 per cent in 2007-08 to 37 per cent in 2029-30. Gas-fired electricity generation is based on mature technologies with more competitive cost structures relative to many renewable energy technologies. As such, it has the potential to play a major role in the transition period until lower-emission technologies become more viable.”
--The emphasis added there is our own. But the fantasy of cutting emissions by 80% before 2050 is laughable. The only way to reduce emissions that much is to drastically reduce the amount of electricity the country produces, which may, in fact, be the result of the de-industrialising Greens. Their fondness/fanaticism for a cold, dark, and medieval world of subsistence living is alarming.
--In the meantime, gas-fired power will keep the lights on in Australia while the renewable industry tries to figure out if it can scale up and deliver the energy the economy requires. Federal Energy Minister Martin Ferguson is already talking about the conversion of the Latrobe Valley’s coal-fired power Hazelwood plant to gas. This is why our Revolution in the Desert report talks about gas as the next big energy thing in Australia.
--The most frustrating aspect of the carbon tax is that it’s a continuation of the trend by government to grab more power at the expense of economic and political liberty. The emotional justification—it’s saving the planet—seems to satisfy a lot of people. But the reality is that the taxing of carbon dioxide is just another way for the Welfare State to finance its permanent growth.
--Australia is a global leader in this sense. At a time where the perpetual debt model of the Welfare State is running into its natural limits—the inability to service existing debt—this government has shown the rest of the world’s elite a way out. If you tax carbon dioxide you create a vast new tax base from which you fund the growth and power of the State.
--If you doubt that this is all about government income and making more people dependent on transfer payments, just look at how the case is being made to the public. It’s all about how much you will get from the government and which industries will receive compensation. Government bureaucrats and a taxpayer salary will make those decisions on your behalf. And you’ll pay for the privilege.
--There will be a point where Australians realise the real motivation for these laws is the expansion of government power. It’s not about saving the planet. It’s about doing what you’re told and accepting the government’s power to regulate the minutest aspect of your private life. All for the common good, of course. Australia has been eaten by the bear.
Regards,
Dan Denning
Daily Reckoning Australia
Thanks Dan, you are right on the money
Wednesday, July 6, 2011
Transformers Dark of the Moon
Tuesday, July 5, 2011
Reds vs. Crusaders
Monday, December 13, 2010
Book Review - Slaying the Sky Dragon - Death of the Greenhouse Gas Theory
Sunday, November 14, 2010
Kangaroos Take CHOKER Title from Resurgent All Blacks
Monday, October 4, 2010
Global Cooling?
iPhone 4.1 OS
Tuesday, September 21, 2010
iPad Review
I predicted the iPad would be a failure but I was wrong. In fact, it looks like the iPad is the first competent device in the battle for a whole new position in the market. The press is hailing it as the “new tablet market” when in fact the tablet market is actually about 5 years old – I even owned a Toshiba Tablet PC, complete with rotating touch screen and OneNote software, but it was an abject failure. It was Windows XP, had a terrible screen that you could hardly read in normal light and was unusable to take notes with but I digress…
The reality is that the Tablet space has come of age and my new iPad is awesome.
The purported justification for getting an iPad was to replace my laptop for day or overnight business trips and it does this very well with some limitations around updating MS Office documents.
One of the key changes in usage I didn’t anticipate was the substituting of the web browser for custom iPad applications for some major websites. eBay is a good example and most of the newspapers have dedicated applications too. So it’s not just a more convenient web browser – in a lot of cases you don’t even use a web browser! This makes reading the newspaper websites a quite different experience. I have NZ Herald, The Australian, Sydney Morning Herald and even the Sun from the UK and they work great.
Gaming is a great deal of fun on the iPad. I haven’t really been into console gaming but the iPad is different. The number of quick and simple-to-learn games is extraordinary and many have “lite“ versions for free. This is what keeps the kids begging to use it each evening.
This device is made for your coffee table. It is a welcome replacement for a Windows laptop (with power cord draped across the room and making you stay near enough to a wall socket) when slothing in the lounge while ‘er in doors is hogging the TV watching recorded day-time soaps.
I got the iPad 8G 3G version and purchased a pre-paid SIM and a $150 voucher which gave me 12GB of data which expire in 12 months. I reckon that means I can use this iPad online anywhere for a year for $150. For most non-technical users who just want email and a web browser, why would you bother with a PC and a fixed broadband connection?
Other Notes
- The touch screen, as the one and only input method (no mouse), is reasonable but no substitute for a full size keyboard and mouse– it’s slower to do any serious work.
- If you are a business user you still need a laptop or computer to synchronise with – there is no other way to put files on the device (e.g., songs, movies, office documents)
- It’s not a replacement for an iPod simply because of its size
- It’s not a replacement for your iPhone – the 3G is for data only (I guess you could use it for Skype though)
- In reality, changing MS Office documents and attaching them to emails or updating a document sent to you via email is not possible. Let’s say you have a large PowerPoint you want to show someone – not possible unless it will fit in your email as an attachment or you can browse it on the web or you have a PC to synchronise with. As for changing the PowerPoint at the last minute while on the road…think again.
- The lack of Flash support is noticed but not a showstopper.
- A big negative is that there is no support for multiple Exchange emails. It can support any number of email mail boxes but only one Exchange one. I use two Exchange mail boxes but luckily I can have one on my iPhone and one on the iPad. IOS 4.x will fix this when it comes out for iPad…..I hope
- I have an iPhone, PC and iPad. Because they are all synchronising to OutLook whenever a meeting reminder goes off I hear a cacophony of reminder noises from these devices…it can be quite annoying.
- There is no security control. For example, if the kids are playing with the iPad they can read your email just by pressing the icon – sort of like leaving your computer logged into your email. It would be great if specific icons could be protected by a PIN.
- The battery life is awesome - 10 hours is no problem.
- The charger that comes with iPad is more powerful than the iPhone/iPod one but they are interchangeable.
Wednesday, August 11, 2010
When Technology Lets You Down
I have been trying to figure out what has gone wrong with my technology recently. I have an iPhone which I have generally been very happy with. As far as usability goes it’s great. As far as smart phone application features go it’s great. As far as a phone goes it is very average. I did make the mistake of upgrading to OS4. If you have an iPhone 3G DO NOT upgrade to OS4 – it’s slow slow slow. I think this has also contributed to the poor phone performance.
But is it the phone or is it the network? I briefly thought of phoning Vodafone to see what they had to say and then thought better of it. Are you kidding? Do you think they will tell friendly Rajeev anything useful?
I have been travelling this week to Canberra and Melbourne. I had no signal for almost two days while attending a conference at the Hyatt which is a stone’s throw from the new parliament house. Imagine not being able to get a signal in the best hotel in Canberra right near parliament house? Clearly Vodafone does not value doing business with the Federal Government.
Today I am in Melbourne at the airport….no signal. I am in a bar in terminal 3 with windows left and right open to the tarmac, yet, no signal. I know it’s not my phone because my laptop also can’t make a 3G connection. I sit here and watch the signal strength of my phone go from full bars and 3G to edge network, GPRS then progressively no bars and loss of signal. My PC behaves the same. I’ve managed to connect for 2 minutes before it died. Imagine not being able to make calls or connect to your email at the very time when you have dead time and need to? Clearly Vodafone does not value the business traveller to Melbourne.
Conclusion: Vodafone is the problem.
I am sick of it. Next week I am changing to Telstra. I am going to pay the premium to get a decent service. No more “no signals”, drop outs and calls that never connect….I hope. I will report back soon. Then I am going to buy a new phone. I might even buy just an ordinary Nokia that does PHONE CALLS really well.
And now my flight has been delayed an hour….FML.
Thursday, June 17, 2010
Sunday, June 6, 2010
Swine Flu Reports Are Out
Thursday, May 27, 2010
My MAME Arcade Machine
Mel heard me waxing lyrical about my Galaga prowess in the 80's and decided one day to buy me a joystick from China which connected to a computer and allowed me to play Galaga as a present. Well in the excitement of the game I destroyed said Chinese joystick in about 2 days. She decided I needed a more robust gaming experience so she found this old arcade machine on eBay and said "go on, fix it up". Hmmmmm.

We got it from a bloke in Castle Hill but we still needed a trailer to get it home. It weighs about 100Kgs so it’s a beast and not easy to move around.
I decided to build a MAME machine. What's that? MAME stands for “Multiple Arcade Machine Emulator”. MAME is a technology that runs on any standard PC (or even Linux) and can run all the old games from the 70's, onwards. All the classics like Space Invaders, Galaga, 194x, Defender, Bomber Jack....the list goes on. Go to this site to get MAME. Go to this site to download any game you would ever want and play it with MAME.
My plan was to convert this classic cabinet to MAME but to make it otherwise look and work exactly as the old machines. The benefit is that the cabinet will be able to run 1000's of games and it will be easy to maintain - it’s just a PC after all.
This is the story of what I did to it over the last 4 months.
First thing I did was gut the cabinet and throw away pretty much everything.
I also broke down the top half because I wanted to stick a new LCD monitor in there.
I obtained this old computer (1.7GHz, 512MB RAM, 20GB disk) which was about to be thrown out at work ...
...and pulled the guts out of it, re-mounted the power supply and hard disk onto the side panel of the original PC’s cabinet.....
....then mounted the computer onto the left side wall of the cabinet
I replaced all the old buttons and joysticks with new ones (cost $49) and installed a KeyWiz keyboard encoder ($70) which turns the switches and joystick signals into keystrokes as if there was a computer keyboard attached. The MAME software is looking for these keyboard keys and uses them to control the games.
Sound is very important with an arcade gaming machine. I happened to have an old surround sound system in the garage so this made a splendid addition to the cabinet. I mounted the subwoofer/amplifier into the bottom and placed the rear left and right speakers on the sides. Later I installed the front left and right and centre speakers in the top half of the cabinet.
Now for the display (Monitor). This presented the biggest challenge mainly because I didn’t really have a good plan for mounting the LCD into the cabinet. I had 2 ½ attempts at mounting it securely before finishing on a design that was not the right one, but it worked in the end anyway.
I fabricated the mounting brackets above and a close up below.
The correct way to mount the monitor, in hindsight, would have been to use the existing wall-mounting facility on the back of the LCD monitor and have two brackets that attached to the surrounding MDF frame. But we live and learn!
I had previously pulled the top half (which housed the original monitor / display) completely to bits. Some of the front-facing surrounds had to be re-sprayed matt black. These are behind tinted glass so they don’t have to be perfect, just black.
Now for rebuilding the top ½ of the cabinet
I made a couple of cardboard sides to cover the gaps and painted these matt black as well. They look a bit sus here but when behind the tinted glass they are completely black and you can’t see any features.
Finally! The top ½ back on top of the bottom half! I needed help from Mel and Jesse a couple of times to get it aligned and bolted down. It weighs a ton.
Then I mounted the three surround sound speakers into the top cabinet.
Rugby Scoring System PCB
Monday, May 17, 2010
Couple of Useful Services
Sunday, May 16, 2010
Version 2 of Rugby Scoring Console

