Monday, May 29, 2006

Saturday, May 27, 2006

Thursday, May 25, 2006

Savage Chickens



brilliant.. more here

Monday, May 22, 2006

cha-han!


cha-han!, originally uploaded by Knotty.

Sunday, May 21, 2006

sunday chilled out


sunday chilled out, originally uploaded by Knotty.

Friday, May 19, 2006

Bikini Wax..

Japanese Family Crest


the 'juggling pin' is mine.. what is your Samurai sign?

Thursday, May 18, 2006

Tuesday, May 16, 2006

Which Superhero are You?

My results:
I am The Flash
Fast and athletic.



Click here to take the Superhero Personality Quiz

Dilbert

Friday, May 12, 2006

hello kitty bus


hello kitty bus, originally uploaded by Knotty.

NHS Glossary of Yorkshire Medical Terms

from the Doncaster West PCT website


thanks Ian

Thursday, May 11, 2006

Aircraft round a Thunderstorm

this is a video of an FAA Radar track sequence of a bank of FedEx aircraft getting into their Memphis hub as thunderstorms pass over the airport.. watch them scatter toward the end.

from a whole lotta nothing

Monday, May 01, 2006

Is the US Deficit worse than you think?

From the FT,

"A truer measure of America's ballooning deficit


T
he federal government keeps two sets of books, but the Bush administration only wants you to see one of them. There is the highly publicised "President's Budget" issued by the Office of Management and Budget, and the almost-secret "Financial Report of the United States" issued by the Department of Treasury. The budget says that the 2005 US fiscal deficit was $319bn, but the Financial Report claims it is $760bn.

Which view is correct? Is the deficit a mere 2.6 per cent of gross domestic product and shrinking, as the former OMB director and now White House chief of staff Joshua Bolten claims, or an alarming 6.2 per cent of GDP and growing, as John Snow, Treasury secretary, writes in the Financial Report?"

By Jim Cooper, a Democratic congressman from Tennessee and a fiscal conservative

Basically the current figures are calculated using CASH ACCOUNTING.. ie. the US govt counts the dollars spent by its agencies and earned from its taxpayers.  The argument is that ACCRUAL ACCOUNTING should be used.. ie. measure the debts incurred before interest or principal must be paid.  Or to put it another way, using yourself as an example.. include your credit card debt, mortgage, etc.  in your personal accounting.. if you don't do this then you look much more wealthier than you really are.. right?

Further from the article, "The budget says Americans' personal share of the national debt is $28,000; the report says it is $156,000.  That means a family of five owes roughly $750,000.  As David walker, US comptroller-general, says, you owe the equivalent of a luxury home, only you do not get to live  in it.  You only get the mortgage"  - or in fact, your children, childrens' children, etc. get to pay it off.

The debt burden's grows at a rapidly increasing rate, doubling in the last 5 years.  And it doesnt include Medicare and Social Security obligations.. ouch.

Cash accounting has not been used in the business world for a while.