water supply

[steamdaveParticipant @steamdave]

Posted by pgk pgk on 17/06/2019 09:30:17:

You have to love statistics.

pgk

From safety statistics from a number of years ago it was stated that 10% of all road accidents occurred at speeds of More than 70mph. That means that 90% of all accidents occurred at speeds of Less than 70mph. By deduction then, it is safer to drive at speeds of more than 70mph.

Just an attempt at a lighthearted comment, not meant for serious discussion by the pro-safety lobby.

Dave
The Emerald Isle

[DanielParticipant @daniel]

A bit like a majority of accidents happening within 3 km of your home.

Have you thought about moving ?

[SillyOldDufferModerator @sillyoldduffer]

OMG, not long ago I found myself defending Accountants, and now it's Economists! What next, Estate Agents?

Sad to see Economists being rubbished on the forum when the two who made the world rich were both British. Adam Smith invented Free Trade and the idea of Growth (which generates wealth), and John Maynard Keynes realised that money borrowed from the future could fix hard problems today. Despite cracks, both ideas have been extremely successful.

Economics is what I'd call a semi-science; although there are underlying rules that can be exploited, irrational human behaviour intrudes – everything between mob panic and financial Unicorns. What happens in the economy is due to a mix of rational and irrational thought. We are all emotional about money.

The economist's job is to discourage financial foolishness by improving decision making. What they do is imperfect and they get it wrong sometimes, or – more likely – unpopular advice is watered down. However, when it comes to the wealth of nations, an economist is a far better bet than man-in-pub. At least economists understand the basics. Financial management based on ignorance, prejudice, misunderstandings, or narrow personal experience is high-risk.

Putting it another way, criticism is cheap and easy. Any fool can do it, and – when irritated – people lash out. But, like any badly made cheap-tat, it's best if the quality of ideas meet minimum standards. Good criticisms come with with a viable alternative . You need to say 'This is what's wrong, here's a sensible alternative.' Then others can test the 'sensible alternative' to confirm it holds water and isn't flawed, or is just empty political vapouring.

I understand the frustration, but replacing economists, or any other kind of specialist, with unqualified blokes who happen to agree with you is a good way of making things worse.

Not everyone agrees with me. The philosopher Thomas Carlyle described economics as a 'Dismal Science' but he was a Scot with stomach ulcers…

Dave

[Mike PooleParticipant @mikepoole82104]

Surely economics is as simple as selling something for more than it costs to make, Apple have taken it to an extreme by selling a £100 phone for a £1000 and we queue up to buy them.

Mike

[J HancockParticipant @jhancock95746]

Re; UK population.

Heard on BBC last week, there are 3,500,000 more people registered to doctors (@£150 each to the doctor ) than the official total population figure.

[SillyOldDufferModerator @sillyoldduffer]

Posted by Mike Poole on 17/06/2019 11:04:21:

Surely economics is as simple as selling something for more than it costs to make, Apple have taken it to an extreme by selling a £100 phone for a £1000 and we queue up to buy them.

Mike

On the ground floor yes. But it also includes counter-intuitive behaviours like selling products below market rate. For example, a hotel owner still has to heat and staff it when it's only half-full. If he can fill the empty rooms, even at below cost, he might still turn a profit overall. This is one reason the cost of airline and railway tickets vary so much for the same journey at different times. Generalised, economics is about how people agree values and prices, which are not the same thing, depending on prevailing circumstances.

Economics has much to tell Apple about what happens when a rival starts selling good phones for £900 and advertising and customer loyalty fail to keep the brand afloat. Confidence matters.

Although domestic economics are simple enough, business economics are far more complicated. Economics get less obvious as things scale-up. National economics are far from 'simples', not least because of the international complications.

And of course management of the British economy lies behind why Brit's can afford to buy £1000 phones whilst the hard-working poor of Zimbabwe can't.

Dave

[BaldricParticipant @baldric]

Posted by Anthony Knights on 16/06/2019 22:56:55:

I took great care in deciding where I would live. Close to, but not too near the A1,M1 & M62. Also near but not too close to 2 cities. I am about 4 miles from the nearest river and 60 miles from the coast. The land round here is flat and according to the guys that use the local airfield, 9 metres above sea level. They are hardly likely to build a reservoir here because they would have to dig an enormous hole. The biggest danger is that the surrounding farmland will be over run with new housing for the people who are unfortunate enough to live less than 2 metres above sea level.

Just because it is flat does not mean that a reservoir will not be built, where I live they want to build one, they will dig a hole and build a wall round it that will tower over the surrounding area/villages.

**LINK**

Baldric.

[Mike PooleParticipant @mikepoole82104]

We are a bit close to that one as well, I wonder where they are going to get the water to fill it when they struggle with Farmoor.

Mike

[Adam MaraParticipant @adammara]

Plenty in Lincolnshire at the moment, at home we had 108mm last week.

[Ian S CParticipant @iansc]

Ask the cricketers where the water comes from(World cup cricket at the moment in England and Wales).

Ian S C

[duncan webster 1Participant @duncanwebster1]

SWMBO is an economics graduate, but she still comes home and says she has 'saved' money by buying something in a sale. My argument that we didn't need it and so would have saved far more by not buying it doesn't seem to fit with economic theory.

The final exams for economics students are the only ones in which the questions don't change, but the answers do. Anyone remember monetarism?

[BazyleParticipant @bazyle]

Posted by Hopper on 17/06/2019 06:46:56:

That's hardly any increase at all. Rougly 16 million in 70 years. About half of one per cent a year? That's a dangerously low population growth rate, many economists say. (They must not have to queue in traffic on the way home, somehow.)Edited By Hopper on 17/06/2019 06:49:54

Trouble is the rate since 2005 doubled that of the previous two decades and in the '70's it was flat.

[RMAParticipant @rma]

Posted by SillyOldDuffer on 17/06/2019 10:50:24:

OMG, not long ago I found myself defending Accountants, and now it's Economists! What next, Estate Agents?

Sad to see Economists being rubbished on the forum when the two who made the world rich were both British. Adam Smith invented Free Trade and the idea of Growth (which generates wealth), and John Maynard Keynes realised that money borrowed from the future could fix hard problems today. Despite cracks, both ideas have been extremely successful.

Economics is what I'd call a semi-science; although there are underlying rules that can be exploited, irrational human behaviour intrudes – everything between mob panic and financial Unicorns. What happens in the economy is due to a mix of rational and irrational thought. We are all emotional about money.

The economist's job is to discourage financial foolishness by improving decision making. What they do is imperfect and they get it wrong sometimes, or – more likely – unpopular advice is watered down. However, when it comes to the wealth of nations, an economist is a far better bet than man-in-pub. At least economists understand the basics. Financial management based on ignorance, prejudice, misunderstandings, or narrow personal experience is high-risk.

Putting it another way, criticism is cheap and easy. Any fool can do it, and – when irritated – people lash out. But, like any badly made cheap-tat, it's best if the quality of ideas meet minimum standards. Good criticisms come with with a viable alternative . You need to say 'This is what's wrong, here's a sensible alternative.' Then others can test the 'sensible alternative' to confirm it holds water and isn't flawed, or is just empty political vapouring.

I understand the frustration, but replacing economists, or any other kind of specialist, with unqualified blokes who happen to agree with you is a good way of making things worse.

Not everyone agrees with me. The philosopher Thomas Carlyle described economics as a 'Dismal Science' but he was a Scot with stomach ulcers…

Dave

It's arguable whether those economic models have been a success. Financial management is one thing, not many businesses or households would survive long without it, but crystal ball gazing is another. That Canadian chap who runs the Bank of England for instance consistently gets things wrong, unfortunately too many people making decisions based on his utterings.

The thing with this argument is a bit like economists, no one is right!

[Anthony KnightsParticipant @anthonyknights16741]

One last word, then I won't bother posting anymore. In my teens, I lived in Skegness, so know Wainfleet well. Or I thought I did. I don't recognise the place now . All the housing I have seen on TV look like newish buildings to me. Built on a flood plain ?

I will now get back in the workshop before I upset anyone else.

[RMAParticipant @rma]

I don't think you've upset anyone, forums are for discussions and debate (like the ones we have in our clubhouse, although they can get a bit heated). Keep posting, there are some very interesting topics on here as well the wealth of technical knowledge from members around the world.

We all moan about the internet at times, but it has created many 'families' for various activities and hobbies.

[BazyleParticipant @bazyle]

Money – in your pocket and in the bank on Monday there was a program that included some history of the Bank of England. Not what you thought.

At 1100ft I'm not too worried about flooding. If the water reaches me the world is doooomed.

[the artfull-codgerParticipant @theartfull-codger]

Where I live in north yorkshire we get our water from keilder & we've never had a hosepipe ban,I have a large veg garden & have storage tanks on the house,workshop,barn & garage,about 800 gallons & we're on a meter as only the 2 of us,the last thing I want to do is pay for water for the garden,when you pay your water bill the sewerage rate is based on water used so I suppose "technicnally" if you use rainwater to flush the toilet your actually fiddling them.

[Tony Pratt 1Participant @tonypratt1]

Posted by Anthony Knights on 18/06/2019 08:00:31:

One last word, then I won't bother posting anymore. In my teens, I lived in Skegness, so know Wainfleet well. Or I thought I did. I don't recognise the place now . All the housing I have seen on TV look like newish buildings to me. Built on a flood plain ?

I will now get back in the workshop before I upset anyone else.

Unfortunately many modern houses have been built on flood plains.

Tony

[Phil WhitleyParticipant @philwhitley94135]

There is a large undergorund beehive cistern under my workshop, a left over from the previous victorian (or earlier) buildings. It is fed from the roof gutters ,it is BIG and thanks to our new wetter climate, stays full constantly. I have a pumped pressure system that flushes both toilets, and supplys water for handwashing to one instantaneous and one storage water heater. I also have a raw water tap for pressure washing. The only water charges I pay is the one to put your surface water into the sewer. I pay no sewage charge whatsoever, as sewage charge is based on a percentage of the water that goes through my meter, and as that water does not feed the toilets cisterns, they cannot make a sewage charge. I negotiated this deal with Yorkshire water, it was not a problem although they tried to make me pay a sewage charge untill they realised that I Knew they couldnt! You own the water that falls on your property and every Sq ft of roof provides .6 of a gallon per inch of rainfall!

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