I have received two flat tires so far this winter from hitting huge potholes that actually bend the outer part of my metal rim and ruin the wheel. They are sitting in the garage as we speak. Every year they just patch these areas and they return to disrepair by the next spring. They never do it proper and it just keeps getting progressively worse. Some areas clearly need drainage pipes installed under the road to channel the spring thawing water flowing down from uphill areas blackjack strategy never bust, but they just lay down some more asphalt and call it done. Would you get higher pay (and pension?). I doubt that too, Sure, your chance on the British labour market could well be better than here in Norway. Since you are British. But ‘median’ salaries are twice as high here in Norway compared to the UK. Check earlier posts between frenk and me and find the documentation. Twice as much! Unemployment in the UK, officially, is currently at 7,3%. But UK labour market participation is lower than in Norway. The UK has a labour force of only 32 slot games xbox,3 million people out of a total population of 63,4 million. That is a labour participation of only 51% (or 72,1% ’employment’ of all in employable age). Norway: 53% (74,4% of all in employable age). One of the reasons why Norwegians ‘try not to use’ services…..because they are a ‘rip-off’….this had a direct consequence on your society and culture. What proportion of the population lives outside of Oslo, scattered, quite healthily in my view, across Norway. Clearly synonym bonus norsk, small communities can’t afford expensive roads and their maintenance. That’s the Government responsibility. How much must the UK economy ‘grow’ to get your trade balance to zero? How much must it grow to bring public spending in balance? That is, increase annual taxes with 121 Bn ВЈ. How much must the UK economy ‘grow’ to employ 7,5 million more people than today? Sure. But investments must produce a return. We have ‘very’ competent road builders in Norway. I worked for many years for Caterpillar and had foreigners visiting Norway to see how things were done. Or in other words I want the money spent on me right now. For a start as Tom as pointed out if you spend to much of that fund at one time, particularly during the downturn the other countries were in, you overinflate the economy leading to mass inflation and terrible problems. Now things are getting better in Europe Norway can consider raising their spending a little but even that would keep it under the 4% most likely. Nope! The government here will fight to maintain complete control and continue with the ‘kommand og kontrol’ society for as long as possible. ‘Redistribution’ of the limited wealth available in the economy is the ‘name of the game’! As for the rest, that’s just patently not true. People who like science will take science because they enjoy it and being a bus driver is boring to them. Right now Norway has 9+% more people graduating each year than any other western nation. Surely given that there is no incentive to get a degree that shouldn’t be happening? I agree Norway should start to diversify but at the moment I don’t think Norway should be spending money on that. The free market should be left to figure out what Norway has best to offer and how to implement it. A forced attempt in a specific industry by the government is more likely to fail than succeed. Then we’ll just end up propping that up like we do the farmers. Oil pumped up from offshore installations like Statoil’s Troll A platform has made the country wealthy, with that wealth invested in its so-called “oil fund” that has reported another prosperous year. Questions continue to rise, however, over the nature of all the fund’s investments. PHOTO: Гyvind Hagen / Statoil Then I guess surely the best solution is rather than go out and try to buy a national industry they should put the money in an investment fund so they have it when they do have something to develop? Oh wait that’s what they are doing and you are shouting at them to spend spend. You will also find that Norway does spend money on keeping degrees free. Something almost no European country does anymore. No. it’s not. It is party because we ‘tax’ oil and gass so high. That’s a vital difference. But oil and gass is only 27% of our GDP. – You have problems taking thi in, havn’t you? Good roads mean you can travel from A to B safely and efficiently. As we know…..Norwegian roads needs serious investment…..with the work done by ‘competent’ companies who know what they are doing. Norway could never spend enough on defense. The fund’s investments are guided by an ethics council that makes recommendations to the Finance Ministry and the central bank. Investment practices have been up for hearings this winter, and are subject to new legislative review in parliament this spring. Tom. People in the UK are not obsessed about being ‘economically active’ – they are obsessed about quality of life. Because it is relatively cheap to live in the UK and you can get good (to fantastic) deals on just about everything….people are not forced to work to pay for massively overpriced goods and services like they are in Norway. Food costs are the most obvious difference – I can eat for a week in the UK for the cost of a decent meal in a restaurant in Norway. Supermarket prices are around 1.5 to 2.5 times the cost in the UK…and the quality is nowhere near what I would ‘accept’ in the UK! I’ve also noted that Tom вЂconveniently ignores’ the very valid points I made with regards to salary differences between Norway and the UK. Yes Norwegians are paid more but the tax take (direct and indirect) is much higher in Norway + the cost of living is considerably higher that the UK…so this вЂsalary difference’ becomes вЂmeaningless’. In fact – quality of goods and services is noticeably much poorer in Norway than in most European countries – Norwegians actually have very poor вЂspending power’ in real terms. Lill-Tove Bergmo of the anti-gaming group accused the oil fund of “double morals” (hypocrisy), and claimed it was wrong for Norway to contribute to activity abroad that it restricts or outlaws at home. Environmentalists, meanwhile, still aren’t satisfied with the fund’s investments in coal companies, and wants more sell-offs. That’s the point. You whine and whine about how the Norwegian government props up industries by spending money against free market principles then complain when the government doesn’t spend the money creating industries. It makes more sense to me to see what industries start to show promise and then encourage them rather than just throw money at whatever the government thinks is good. Sure. ‘The facts speaks for itself’: Tom. The UK economy is growing and is recovering well after a 5 year worldwide recession. The reality is that the UK is part of the global economy and is therefore part of a ‘race’…to be better…more efficient, more productive etc. Very few in the UK are ‘allowed’ to work 24, 25, 26, 27 hours per week. People are free to make decsions for themselves….the state is not everywhere manipulating and controlling. People are working hard to survive – and when they spend wisely they get value. Creating ‘real cultures’ in a ‘real society’…full of winners and losers! Do you follow the debate in the UK? Now ‘people’ over there complain that UK is run by an elite from a small range of public schools – that also dominate the prestigious universities. While sosio-economic mobility in the UK is close to that of the Indian caste system: Nill. Check out the project in Hamar for a diving platform in lake MjГёsa and how poorly planned and way over-budget that project is. A fine example of waste in the extreme for something that was not really needed. Welcome to Norway – the richest country in the world! Unemployment among Norwegians is now at 1,9%, frenk. The lowest in Europe. Immigrants 6,5% – and increasing in pace with the number of immigrants arriving. Close to 50.000 net arrive each year. Ok – what exactly is your point? Lifes ‘pretty tough’ for a lot of people in the UK – those at the bottom actually have to ‘work’ for a living…just like they did 50 years ago….100 years ago. Its not like Norway’s ‘fantasy economy’ created by commufaschists to conform with outdated polital ideals i.e. the closed economy and the government/union control/manipulation through state owned monopolies. Which, as we know, has created a soul-less/passion-less culture where neighbours spy on one another..and every possible life decision has been removed from the individual. February 28, 2014 Sure. But we already spend huge sums on these sectors already. The Norwegian state budget is larger than that of Sweden, – with twice the number of inhabitants. We spend more than twice as much as Sweden on ‘road and tracks’. It isn’t efficient to spend more. The business is at full capacity. The target has become ‘more roads’. But for what? Will it increase our exports? Hardly. Tom. I think the simple answer to this is….no one would actually consider paying for a Norwegian education! And, unfortunately….primary school children are not that employable these days! If you can prove that your car was damaged due to a ‘unmarked’ pothole, you are obliged to a compensation here in Norway too. – I agree with you that to buy and own a car is forbiddingly expensive in Norway. Note that Denmark, Finland and Singapore have similar high car taxes. When I inquired why Norwegians have to pay an arm and a leg for driver’s instruction and licensing I was told it was to pay for the roads. But it does not seem that the money is going where it is suppose to. The ‘masaging’ must be done by the IMF, CIA or United Nations. All of them are corrupt. So you could be right. But are they all that corrupt at the same time? http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita So basically you are complaining that they won’t spend the money while saying there is nothing worth spending it on. And then complain that they need to invest in people despite being one of the few nations with a free higher education and the highest rate of attainment. Or in short damned if they do and damned if they don’t. ‘Diversify’ – Norway desperately needs to develop it’s service economy….but with ‘sky high’ wages, costs and taxes….this just ain’t going to happen. The ‘monopolies’ are ‘suffocating’ real business. Norwegians….simply will not spend in country….because they know they are not getting value… Among them is a large stake in Las Vegas Sands, which operates casinos in the US and Southeast Asia. The fund has also bought into Malta-registered Unibet beste norske casino express, which some Norwegian athletes have also been involved with and been reprimanded for later. Norway’s enormous “oil fund” generated more money last year than most mere mortals can fathom, but that didn’t quiet its critics. Investments in gaming and casino properties, for example, set off charges of immorality, while environmentalists aren’t happy either. Ok Tom….’enlighten me’…..what are all these Norwegians doing in the workplace? Tom. All these numbers you quote above are because of oil and gas production…and your tiny population….not because of Norwegian productivity. I think its fair to say that right now Norway has NEGATIVE productivity…and a ‘real economy’ in serious trouble….companies are reducing their work forces…this will continue and increase as the economy is not competitive with high costs and high taxes. I note you have not commented on any of these stories over the last couple of days. No, start investing now in Norway’s sustainable future is what I was suggesting. But…a new bankrupt Holmenkollen. If I were driving on a road in Britain and hit a pothole that causes damage to my car, the authority responsible for maintaining the road would get a bill and pay it. If I’m driving on a road in Norway and hit one, whoever’s ‘responsible’ for the road couldn’t give a f**k. Considering how expensive it is to buy and run a car in Norway, that’s poor by the most basic standards. Perhaps I should invest in a tank. I could rent it to the Russians at weekends! Would your children get a better education in Britain? I doubt it. UK came out the same as Norway in the PISA tests; at the average of OECD. Norwegian Broadcasting (NRK) noted that the fund has followed up sales of stock in controversial investments in palm oil companies with reductions in coal and mining companies.В It has earned billions, though, on companies involved in the gambling business, and a Norwegian organization representing gaming addicts (Spillavhengighet Norge) called such investments “immoral” and hypocritical, given efforts in Norway to reduce money games. Casino operations and poker, for example roulette spill the wine, are illegal in Norway and lotteries are strictly regulated, but the oil fund has boosted its investments in the sector, reported NRK. No, and afterwards they can stand in th unemployment line together with 7.499.999 others. That must be fun. I am sure. If your children are talented and get a good education. For which it is a greater chance here in Norway than in the UK. They have a greater chance of making success here in Norway than in Britain. What ‘free market’? No. They do it be on the inside of the protected British offshore market…. From 2012….UK was 20th….Norway 31st….in the PISA testing… We might be working less hours than many of our competitors out there. But more of us work. Our labour market participation is well above 52% of our total population. That is more efficient. Yes…Tom…companies are just ‘falling over themselves’ to re-locate/setup businesses in Norway? Slyngstad attributed the strong results to returns on stock market investments. He said that 2013 was “a year with more moments of uncertainty in the world economy, but we still saw a broad upturn in the stock markets.” You are easy to fool, arent you frenk? Sure, the UK government is ‘manipulating and controlling’. – I hardly know of any government in Europe so good at that. They plan and commit to these ‘un-needed/useless’ building projects to stimulate the economy and provide jobs. But, if the government were to reduce taxes and put more ‘real money’ in peoples (folks) pockets then they would go out and spend thus creating a service economy…which would create much more ‘real’ employment….and the food on offer would be much better! But control over money = power….and the Noggie government won’t give that up! Tom. You obviously don’t understand the concept of oridinary people living how they wish to live their own lives? Because the cost of living is low in the UK people are not ‘forced’ to work to pay for ‘massively overpriced food and services’ like they are in Norway…have I not already explained this? I myself have just had a 6 month absence from the workplace…I played golf in Spain, worked on a few personal projects…basically relaxed whilst looking for a new job. My savings paid for this…..I would not have had this opportunity had I lived in Norway..because it is so expensive….but…maybe the state would have paid. And no time did I feel guilty that I was not contributing to the ‘tax base’! So your answer is what? Throw lots of money away at any random industry that wants it and hope that something sticks? What’s your big plan that will save Norway from itself? Or has your plan only got as far as the whine and point fingers bit? It is as if too much money is available to those that use it unwisely. And then you end up paying a high price to use it in the end. Indeed. Businesses ‘create themselves’ – big taxation ‘scares’ the entrepreneur…. Measured in terms of kroner, the oil fund has never earned more money during the course of just one year. The huge stash of money fueled by Norway’s oil revenues has ranked as the world’s largest sovereign wealth fund for many years, and it’s invested outside Norway’s borders to provide pensions for future generations. Its managers announced the oil fund’s second-best results ever on Friday, reporting that it earned a record NOK 692 billion (USD 115 billion) in 2013 and recorded average returns of 15.9 percent. Still…beating Sweden in 38th will make you happy. “It was a good year for the fund, and returns of 15.9 percent are the next best in the fund’s history,” Гystein Olsen, chief of Norway’s central bank, announced along with Yngve Slyngstad, director of the central bank unit in charge of the fund, Norges Bank Investment Management (NBIM). They dropped so much money on a soccer stadium that it cut into the budget for an upgraded community swim hall and recreation center, yet not enough people go to the soccer matches to justify the expense. Meanwhile it costs a butt-raping kr150 per person to enter the swimhall rec-center if a non-member. You know: Neither of these targets can be met by ‘growth’ – at all. So, what do you do then? – Trust your government….? Tom. I think you answer your own point here? Yes…Norway is spending lots of money…but most of it is obviously being wasted…..as the returns are so poor! What you’ll find it that the government is spending…then receiving most of this money back through taxation. Har right. I have a private pension because, being British, I would never trust the state one. But that’s not the point. This fund is not about providing pensions to Norwegians. It is a pension fund for Norway as a state. So when it retires from oil and gas the nation has money to continue through the transition with less pain. Right now they aren’t even spending the 4% of the fund they are allowed to so they aren’t throwing any of it away. They would be throwing it away if they started spending it all as some here want. Frankly until Norway does have a clear 2nd industry to invest it any spending on a future would be wasted. I don’t agree. Norway doesn’t excel at anything (except cross country skiing), despite the opportunity to, given oil. The reasons are clear and were not acknowledged and addressed soon enough. Hiding behind the ‘security’ of oil, whilst arrogantly looking down on neighbouring nations, is hardly sustainable. The oil business will change dramatically over the next decade or two. As might Norway’s overseas investments. And Norway will find it increasingly difficult to adapt to a diverse, international economic system built on cooperation. It takes time to develop national industries and they require human capital. It’s not simply something you go out and buy, when oil is no longer profitable. Providing incentives for acquiring skills must be addressed too. Why bother being a scientist, when you could earn a little less as a bus driver? That’s simply disturbing. And universities, how do they compare? They provide a reasonable indicator for a country’s future prospects. I am about to go to SmГ¶gen, Sweden and buy crayfish (high season for it now) fished in Norway by Swedish fishermen. Just excellent together with a heavily subsidized bottle of German Riesling white wine. This you should try in Stavanger too. You should also rent a small boat and fish mackerel in late July/beginning of August outside Solastranda. A lot of fun and good food. Make filets, roll them in flour, salt and pepper – and fry them in a pan – if you can get hold of Norwegian butter. The farmers along the west coast (JГ¦ren) of Stavanger have the right to fish lobsters. Try to marry one of their daughters and you might get to taste them too. Гh, Lobsters, that is. ) Access to UK universities is based on academic talent…yes…you might have to borrow (at the base rate) to fund the course but if you pick the right course….and do well…then a very well paid job is there for you. Exxon Mobil Corp. is considering a sale of some of the oil fields it operates in Norway’s North Sea in a deal that could fetch more than $1 billion, two people familiar with the matter said. Exxon’s efforts to sell assets are another sign that Norway, whose oil production has dropped by half since a 2000 peak, is falling on the priority list of increasingly selective big oil companies. The industry is cutting costs and investments to weather a slump in crude prices that’s battered the business for the past two years. September 23, 2016, 9:06 AM EDT “We don’t comment on rumors or speculation about commercial matters like this,” Exxon spokesman Tore Revaa said by phone. “Exxon Mobil is a long-term investor in Norway american university of beirut, and we plan to continue as a significant investor.” Exxon norske automator batch, the world’s biggest listed oil company, isn’t running a formal process, though it has had discussions with potential buyers, said the people video roulette 666, who asked not to be identified because the deliberations are private. The company operates the Ringhorne, Balder, Sigyn and Jotun fields in Norway, which produced the equivalent of 64,000 barrels of oil a day in 2015, according to its website . Total SA is considering selling down a 51 percent stake in its Martin Linge project off Norway, people familiar with the matter said earlier this month. BP Plc announced plans to merge its Norwegian unit into Det Norske Oljeselskap ASA this year, maintaining a 30 percent stake in the new company. The plans were previously reported by Offshore.no. The industry news website said Exxon was planning to sell Ringhorne, Balder and Sigyn, while Jotun is closing down soon.
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