Tag: legal

November 16, 2014 0

The Sausage Grinders Tale

By News Desk

This really rocked Tony Abbott’s boat, as reported in the Sydney Morning Herald Mr Abbott gave an impassioned defence of coal and, reportedly, argued against inserting a line in the communique recommending the abolition of fossil fuel subsidies, an objective of the G20 for many years.

November 16, 2014 0

Sausage Making

By News Desk

Tweet Somebunny on the inside has been feeding the Guardian drafts of the G20 communiques.  The part on climate change started out a week ago as We support strong and effective action to address climate change, consistent with sustainable economic growth and certainty for business and investment.

September 29, 2014 0

Zombie Steve and the Hockey Stick

By News Desk

toto said… My understanding is that "short-centering" was actually a bona-fide bug. If you’re computing a covariance matrix by simply multiplying the data with its own inverse, "short-centering" the data around the recent past will produce "fake covariance" of all series with the hockey-stickish series (with a negative sign, but that’s irrelevant).The actual PCs being computed are the same, but the ‘hockey-stickish’ ones now seem to explain much more of the variance – spuriously so.Unfortunately the auditor-in-chief proceeded to introduce a bug of his own, by keeping the same number of PCs as Mann after full-centering the matrix, even though by then you need to include more PCs to capture sufficient variance

September 24, 2014 0

Miracle Not Enough to Save Italy; Disruptive Eurozone Breakup Awaits

By News Desk

Financial Times writer Wolfgang Münchau provides an excellent example in Italy Debt Burden is a Problem For Us All . Münchau’s opening gambit is " We need extreme and co-ordinated policy to make it possible for Italy to ultimately stay in the eurozone. " Münchau states, " I think it is high time to address the consequences of failure with more clarity than is usually done