Miscellaneous notes 2012 part one

This document contains only my personal opinions and calls of judgement, and where any comment is made as to the quality of anybody's work, the comment is an opinion, in my judgement.

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These notes are my about miscellaneous (non-computing) topics, often brief informal reviews of products or shops or places ranging from canned food to pubs.

120324 Tue: Two cheap mobile phones at Tesco

Tesco have been selling two unlocked cheap mobile phones, the Samsung GT-E1080 on sale for £10.00 and the Nokia 100 on sale for £15.

Both are low-cost no-frills devices, and they are both decent, but the Nokia is very much better, and indeed it costs 50% more, even if that is only 5 pounds.

The main difference is that the GT-E1080 has not so good audio quality, and the Nokia 100 has fairly good audio quality.

The Nokia 100 also has a builtin FM radio, and comes with included wired earphones and microphone for hands-free usage. It also has a LED to use as a torch while the GT-E1080 can only blank the screen so it emits white light to use as an illumination device.

The biggest defect of both devices is that they have a colourful user interface, that is garish, and even offputting, and on the GT-E1080 one cannot even disable the screen wallpaper, which is usually distracting.

Both phones have long battery life, and work well and seem quite robust (the Nokia 100 more so).

120207 Tue: Tiles as kitchen boards

The top of my kitchen counter is made of so-so plastic and even a granite counter-top should not be used directly as a cutting and preparation board. I have used plastic and wood boards and they are cheap or traditional, but they scratch easily and can soak a bit. I have tried glass ones, but I have decided that they are quite ugly, an stone ones are very heavy and also expensive.

After some trials I have switched to glazed ceramic tiles, for example 25×40cm glossy white tiles that I found for £1.79 each in single quantity at Homebase.

I have two concerns with them, and one is that they are not explicitly rated as safe with food. Of course nearly identical looking ceramics are used to make dishes, so it is not ceramic per se that I am worried, but that wall tiles be made with heavy metals in the glazing for example. But I have decided not to be too worried as the glazing is extremely hard and there is very little chance that whatever is in the glazing or ceramic will leach into food.

The second concern is that precisely because the glazing and ceramic are so hard they might damage knives used for cutting on the tile; indeed if plastic or wood board get quickly scratched is because they are softer than knives. Overall I don't worry about dulling knives, and if I were using glass or stone boards they would have part of the issue. Also the smooth and unscratched glezed surface means that washing the tiles is extremely easy.

120206 Mon: Microwaving pork

I tend to microwave the food I eat cooked, in part out of laziness, including being able to cook food in their dish and thus dispensing with wasahing up pans; but also because I can cook food in a microwave without oil or fat or sauces to keep the food from drying up under heat or to add flavour.

In effect microwaving is somewhat similar to boiling or steaming, even if but drier in the result (no immersion). As a result microwaved food is a bit bland in texture and flavour, at least compared to fried or baked food.

I have found that this is actually welcome in the case of naturally flavourful food, and that in particular many pork based foods can be microwaved and come out fairly well without any need for flavourings, as pork meat has a distinctive flavour of its own, and it is often cured or salted or spiced. Also pork meat tends to be fatty and during microwave cooking that fat melts and helps cook the meant too, so it is ends up not being entirely similar to boiling or steaming.

Even microwaved sausages are suitable for example, while cutlets sometimes come out a bit too dry, and I have tried gammon and it seems particularly suitable, in both rasher, steak or bulk form. The resulting flavour is even sometimes a bit too strong, and the texture is not as crispy as frying or baking or grilling, but it is not soggy either; another difference is that the result is rather uniformly cooked, without a gradient from outside to inside. Overall I like it enough.

It is convenient too, and probably rather healthier than frying. Perhaps not healthier than grilling or baking, as less of the fat and salt in the meat gets sweated out during microwaving.

120201 Wed: Afternoon deal at Wetherspoon's, fish and chips

I have mentioned previously the afternoon gammon dish at Wetherspoon's pubs, and I have also had the similar fish and chips (and peas) afternoon dish. That also seems pretty good value for the same reasons.

120116 Mon: Afternoon deal at Wetherspoon's

Just been for an afternoon break at a Wetherspoon's pub and they have a special offer between 2pm and 5pm on weekdays of gammon with eggs and chips and a mug of tea for £3.49 which is quite satisying and excellent value. There is a more substantial standard gammon meal but the afternoon one seems more substantial for a late quick work lunch break.

120114 Sat: Lunch deal at InShanghai

The InShanghai chinese-style buffet restaurant in Durham has a £5.99 deal for lunch, and myself and some friends occasionally go where during lunch break and it is quite good. If one goes early in particular, as the buffet food is fresh out of the kitchen. The selection of dishes is unusually ample for a buffet place, and there are several non-fried options, which usually keep feeling good for longer.

120105 Thu: Croissant instead of bread for sandwiches

It is not common to see, but it is a nice alternative to use a croissant as the wrapper for a sandwich instead of bread. It is particularly suitable for salty cured meat like salami or even tasty cheeses, but also for Parma ham.

120102c Mon: Ways of eating Parma ham

Parma or similar cured hams are salty yet subtly flavoured tender chewy meat and they can be eaten to best effect in some apparently little know ways:

Rolled around grissini.
Eaten with slices of cold melon and/or figs.
Eaten with mozzarella or fiordilatte.

The general idea is to complement the ham with something of milder flavour, and possibly with a different texture, like breadsticks.

Parma ham should be sliced really thin, something that is sometimes forgotten outside its original country.

120102b Mon: Proper way of making garlic bread

The better and proper way of making garlic bread is:

Toast a slice of bread.
Peel a fresh garlic segment and cut it in half.
Rub the wider part of the half garlic segment on the toasted bread. Since it is toasted its rough surface will consume the garlic.
Spread some olive oil on top, perhaps adding some salt.

Diced garlic and butter, and toasting the bread after spreading them onto it, are quite a different thing.

120102 Mon: Proper way of eating tinned anchovies fillets

It has come to my attention that proper way to eat tinned anchovies fillets is not widely known, and it is:

Toast a slice of bread.
Put on it sparse thin slivers of cold butter.
Put a sparse number of anchovie fillets on top.

This packaging is essential for best appreciating the flavour and texture of the fillets, as they are usually very salty and chewy. The crispness of toasted bread provides a favourable background to the chewy texture, and its blandness and the coolness of the slivers of butter soften the saltiness of the meat.

120101e Sun: Impressions of Tesco teriyaki mackerel

As recommended by a friend I have tried Tesco Mackerel In Teriyaki Sauce and they are interesting. The tare sauce works well with the mackerel both as to taste and flavour, and help make a quick toast or sandwich. The sauce flavour dominates that of the fish meat, but the latter is not particularly interesting.

120101d Sun: Impressions of some tomato passata cartons

I have become partial to the 500g cartons of passata for example Tesco Sieved Tomatoes Passata 500G cartons both because passata in general is useful (it can added as a sauce to just about anything and the specific product is fairly cheap and decent.

It has added salt and is a bit less dense than the co-operative food shop, which also seems good. I slightly prefer the Tesco one because by being a bit salty and less dense it can also be drunk as a kind of heavy tomato juice and is refreshing especially when it is hot (and curiously a lot cheaper than tomato juice).

120101c Sun: Impressions of CAT Interchange shoes

I have bought a set of CAT Interchange shoes after trying a pair for a little while because they are well built and fairly rugged as per the brand value.

They are fairly good for bad weather and they still look conventional enough for an office environment or even a suit attire. The build details are good too.

120101b Sun: Impressions of ASDA Living woolen socks

It is sometimes difficult to find in the UK woolen heavy clothing, as most clothing seems cotton and light, and while layering is a good idea, layering cotton especially in wet climate is not something I like..

It is therefore fortunate that ASDA Living shops carry some moderately cheap (£2 per pair) thick socks with around 1/3 wool and they seem to be (after a few weeks of testing) fairly resilient and warm and tolerate machine washing well. Since they come in sedate solid colours like shades of blue they are also suitable for most business dress styles.

120101 Sun: Impressions of the book "The Volatility Machine"

I haven't yet finished reading The Volatility Machine by Michael Pettis (published in 2001 by Oxford University Press) and I yet I feel the need to review it now.

The parts that I have already read are already exceptionally interesting and relevant to understanding an important political and technical side to the evolution of the international economy in the past several decades.

The main observation in the book is that the capital structure, that is the composition (and not just the size) of the portfolio of financial assets and liabilities of a country is important just like for a company, and it can be shaped to dampen or amplify the effects of events in the international credit markets.

The other main observation is that events in the international credit markets are mostly driven by monetary policy in big economies, and in particular the floods of money that they periodically create, usually in response to major policy changes such as wars, and secondarily driven by temporary panics.

A third subsidiary argument is that financial events in minor countries, whether booms or busts, are often unrelated to policies in those countries, but that country policy can make a difference as to the impact they have.

The argument is that by structuring the capital of a country for dampening country defaults can be minimized in the case of events caused by major policy changes, and essentially eliminated in the case of temporary panics.

The main things I liked about the book are:

The observations and the argument are well discussed both in conceptual and historical terms, with several fascinating details about past financial crisises.
The discussions relate well to the wisdom in the works of Hyman Minsky and Charles Kindleberger as to the conceptual and historical aspects of financial booms and busts, and that excessive booms tend to end in excessive busts.
The fundamental argument is about leverage: that it is inevitable, but also that different amounts and types of leverage can make a profound difference as to whether crisises, whether booms or busts, develop, and their impacts.
The discussions supports well the observations and the argument, and amusingly demonstrate how vapid are the usual homilies about neoliberal country policies, at least as to the effect on the frequency and consequences of financial crises.
While the book is mostly about minor (at least in a financial sense) country events it also contains quite a bit of enlightening discussion of the matching events in major countries. The arguments it makes also largely apply, the changes due to different scale, to major countries, and in particular for the 2008 crisis (and previous ones too).

What I did not like:

The typography is atrocious. There are many typos, and some printed lines look deformed in height. It seems that the book was produced from pages printed by the author (either poorly scanned in or poorly printed). The book was printed on demand, even if it is hardbound.
The argument is a bit weak as to why country governments would want capital structures that dampen the effects of criseses, because a point that is not made strongly enough is that capital structures that dampen crises also dampen booms, and usually country governments are very much for boosting booms, because they benefit the vested interest groups that support them.
This angle unfortunately puts the argument of the book a bit more in the wouldn't it be nice if category. Unless it is read in a sense opposite to the one obviously wished for by the author, as a manual on how to engineer a country's capital structure to maximize leverage and its impact on, volatility and thus allow country elites to extract maximum advantage from a boom's gains, without regard to to the losses during the bust.
After all that is what has happened in many corporate situations, particular for financial intermediaries like banks and shadow banks, as corporate managers are in effect paid proportionally to volatility, and the author of the book was inspired by corporate financial theory, applying it to country capital structures.
There is a bit of terminological and a hint of conceptual confusion about indexing and correlation, which are used a bit too interchangeably to describe the dampening or amplifying effects of some aspect of the capital structure.
These effects can be either arithmetic or stochastic, in the sense that some are wholly mechanical and independent of circumstances, while some instead depend on circumstances and therefore involve probabilities.
The distinction is important because arithmetic effects are fixed at least in their direction, while stochastic ones can work quite variably, and as to direction too. In particular, as the book says, correlations among assets and liabilities can change dramatically in different conditions, and even invert sense, from uncorrelated to correlated, or correlated to anticorrelated, and thus certain aspects of the capital structures that rely on stochastic properties can have a dampening effect or an amplifying effect depending in circumstances.