Monday, Nov 17, 2008
London 'worst hit in recession'
bbc: London 'worst hit in recession'
London could suffer the most in a recession while many northern cities will fare better, a report has said.
******Only a year ago reports were saying all would be OK and no recession and houseprices will keep going up*****
Posted by mark @ 10:21 AM (844 views) Add Comment
12 Comments
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1. planning4acrash said...
There is plenty of land that, had it been kept aside for manufacturing, London could be great again, but, good old Maggie Thatcher stopped planners from differentiating between B1 Use (Commerce compatible with residential), and B2 Use (Industry not compatible with Industry), so, many heavy industry areas went to B1, and, they put flats in there, so, creating a conflict between use classes, you can't put heavy industry back in, and London lost too much heavy industry capacity, particularly in the East End. Cheers Maggie for selling us down the River Thames.
2. stillthinking said...
The reason we are going to have a collapse in employment is a direct result of our insane government's policies. Prices and wages need to collapse, artificially maintaining prices is killing demand and jobs. The common situation where people have bought homes at prices they cannot afford is not something that can be moderated, and the economic cost of the attempt will be rocketing unemployment perversely making the situation worse than before.
3. japanese uncle said...
Disrespect to science education is responsible for the declining UK industries and the lack of mathematical, thus logical thinking among the men on the street, which gave rise to the hollow prosperity of financial non-business with no linkage whatsoever to the real business, but sheer gamble, and the housing bubble mostly due to the poor judgment in the absence of logical thinking. I can clearly sense the evil agenda to forcefully keep down the level of intelligence among the working population. The same applies in Japan where circumference of a circle is no longer taught to be 3.14 times its diameter, but just 3 times. Going backward to the 17th century!, when people rushed to speculate on tulip bulbs. No wonder people can be led to believe the 100 floor skyscrapers made of steel can collapse like a castle made of sand.
4. phdinbubbles said...
@JU
One of my teachers used to hold the world record for reciting pi to the greatest number of significant figures - I'm not sure I'd trust him to run the world! Get your point though - it is cool amongst a large proportion of the population to say they know nothing about maths/science. When did being proud of being ignorant become fashionable? If I went round professing to have never read a newspaper, a novel, etc. I would be rightly looked down upon, but it is quite alright to say you know nothing of physics, chemistry, etc. and find it boring and irrelevant.
5. Anonymous_coward said...
I believe that what this country desperatly needs is some common-sense.. distinct lack in the leadership of this country over many years same old eton old boys network running the machine.. *sigh* I agree with japanese unkle.. if you look at the layperson in the street the lack of math skill is the tip of the iceberg.. I truley belive they are regressing back to monkeys... love the tulip bulb theory if enough people are whipped into a frenzy it is contagious.. very interesting perspective.. mind candy..yum
Keep up the good work
6. mrmickey said...
There is also a theory which I thinks holds a lot of water that the world we live in now has so many distractions such as the internet, emails, ipods, mobile phones, 24 hour news etc etc that we can no longer stay focused on anything for any length of time before being distracted. Problem solving requires focus and can be very boring, if we can't stay focused problems don't get solved.
7. japanese uncle said...
phdinbubbles
The issue of Pi has great general implications. Think about manufacturer employing loads of engineers who think in very rough terms such as pi=3. What kind of precision can we expect from such factory? Minimum level of knowledge in natural sciences such as astronomy is essential. You may wish to know the basic framework of the world in which we live. I take mrmickey's point. Flood of information may well work the negative way, besides, use of mobilephone by tens of millions of people is the grandest experiment of electromagnetic damage to the human brains.
8. phdinbubbles said...
JU
I can recite pi to eleven digits after the decimal point, but that's because I'm particularly sad and also because I use it on an almost daily basis. My old teacher (from around 20 yrs ago) held the world record in the 70s with over 5000 digits. 3 is within 5% of pi so it's not too bad an approximation to get a feel for a problem. 22/7 is a more traditional approximation. A 5% tolerance may be fine for an engineering application anyway. What is important is to know how much precision is required for a particular problem, depending on the specifications. Can't think of an application where 5000 places is important though!
9. doom&gloom said...
Science (and learning in general) has indeed been irrelevant to people's lives when they can spend their days watching Big Brother/andotherrandompopularculturalnonsense and still live a comforable life on benefits or by MEWing their equity. Have a feeling this situation is about to change however.
10. letthemfall said...
JU: "I can clearly sense the evil agenda to forcefully keep down the level of intelligence among the working population."
The problem is not really one of intelligence. Look at all the experts who got it wrong, who blew out the banking system, who underperformed the market, who predicted house prices would average over a million in a few years... It is the fear of bucking the trend, going against the crowd. Recall those psychology expts that put an individual in with a group who were all briefed (unknown to the subject) to answer questions wrongly. After initial resistance, the subject began to follow the crowd too. Scary. How many here felt uncomfortable renting in the face of all the buying pressure?
11. Rod said...
Until recently the City of London produced the income and rest of the country survived on public spending/handouts, but that game has now finished.
When the government defaults on sovereign debt and the IMF forces a severe cut in public spending I don't see how northern towns escape.
12. phdinbubbles said...
"When the government defaults on sovereign debt and the IMF forces a severe cut in public spending I don't see how northern towns escape"
We'll be more than happy with that. You can keep your overpriced houses, traffic-jams, bland and boring countryside and the creators of the pyramid scheme down canary wharf. I've got several hundred years worth of coal beneath my feet which I can burn whilst you warm yourself on russian gas. All we have to do is turn off your water-supply and that's it. Bring back Danelaw. Let's see how long you'll survive.