Is Internet Rationing Coming Soon?: Adam Whithnall of The Independent writes that in Britain, experts fear that internet capacity could be filled soon and that growing demands from the Internet could consume all of Britain's power generation by 2035. Britain could be forced to introduce internet rationing, after an expert warned it could consume the country’s entire power supply within 20 years. Experts said we were close to “filling up” the nation’s network of optical fibres for the first time ever, with the demands of popular video-streaming websites like YouTube and Netflix putting … [Read more...]
Archives for May 2015
The Folly of Data Dependence
Yesterday, the Wall Street Journal editorial board pointed out that over the last five years, seasonally adjusted first quarter GDP growth has come in at an average of 0.60% compared to an average of about 2.5% for the second, third, and fourth quarters. Here’s what the chart looks like. Maybe this is just randomness, but it looks more like there is something distorting the accuracy of the seasonally adjusted GDP in the first quarter. It sure makes one reconsider the wisdom of a data dependent monetary policy. … [Read more...]