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Sainsburys chief actually understands behavioural science in email to customers: “more food and other essential items coming to us from manufacturers.. if we shop just for food we and our families need, there will be enough”

way to calm shoppers is to reassure on availability...
Ie observed lesson from 2008 banking crisis was not to say “don’t panic” say “we understand the increase in demand ... soon there will be more supply than you can possibly imagine”...

And then do some policy changes/ fiscal help to boost supply of items in temporary shortage.
Full letter to public from all supermarkets...

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Faisal Islam
@faisalislam
Very interesting set of scientific/ behavioural reports that have informed Government thinking just released... gov.uk/government/gro…
The scepticism on school closures is explained here.
Was linked to modelling for pandemic flu. Others (eg WHO) have pointed out coronavirus is not a type of flu, and medics were urging seniors to look at what was actually happening in China/ Italy
Again... the early strategy built on trying to avoid green line in Autumn, by tolerating red line extra impact earlier on. Not yet known if green second bump will happen.

Missing line here - NHS capacity.

Current plan somewhere between red and green, hopefully avoiding red-blue
Read 5 tweets
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Faisal Islam
@faisalislam
Bank of England & Prudential Regulatory Authority make techie moves on bank regulation, cancelling stress tests etc...this one on an accounting reg called IFRS9 caught my eye -senior bankers told me it obliged them to book non performing loans immediately, reducing lending power
So the Bank and PRA are telling banks to look to the medium term in applying IFRS9 and the expected losses from companies hit by the virus - forecasts are “challlenging” but should reflect “temporary” nature of shock and significant support/ relief measures annnounced globally...
Ie this is a move to try top get the banking system not to exacerbate the sharp downturn, my taking into account that it is only temporary, in accounting for expected losses. It could be very important.
Read 5 tweets
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Faisal Islam
@faisalislam
Extraordinary monetary policy move from Bank of England to provide maximum possible monetary stimulus.

Rates cut to all time record low of 0.1%

Biggest ever announcement of asset purchases (ie QE) of £200bn in corporate and government bonds, designed to lower longer term rates
“majority of additional asset purchases will comprise UK government bonds.” bankofengland.co.uk/monetary-polic…
***NEW:
Governor Andrew Bailey said todays emergency moves were done against a background of “borderline disorderly” markets yesterday as sterling fell sharply and UK borrowing costs went up

He also said some “caused” by the “lockdown rumours” (which emerged in Westminster)
Read 7 tweets

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BOU 👩🏻‍🏫👨🏿‍🏫🧕🏽👳🏽‍♂️ 🌈
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Thom Scott-Phillips
@tscottphillips
Naturalism vs formalism: A thread.

(Or: How I learned to stop worrying & love informality)

1/24

#science #philosophy #whyiliketheideasthatilike
TL,DR: naturalism is a basic commitment of scientific explanation, & formalism a tool that can help achieve it – yet people too often prioritise the latter over the former.

Elaborating on comments I've made here before, in conv w @IrisVanRooij, @JCSkewesDK, @wgervais, et al.

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One preliminary comment.

Usually I try to avoid "I know what I'm talking about" comments – you should just let your arguments & ideas do the talking! – but in this case it seems worth mentioning.

I have a degree in Pure Mathematics. This is not math-phobia.

3/
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Shawn McGuirk 👨🏻‍🔬👨🏻‍💻📝☕🔜🤺💀 ➡️👨🏻‍🎓
@ShawnMcGuirk
#CSPC2018 luncheon session w/ @ChiefSciCan starting soon! #Thread here ⬇️

#scipol @sciencepolicy
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Lars Pellinat
@Lars9596
@cjjacobsJacobs @CDU @JuliaKloeckner @annewill 1. Various questions need to be asked:
a) Is the #earth getting warmer? Answer Yes (but was ven warmer in the past)
b) Human impact on climate (CO2)? A: Yes, but science differ on size of impact.
@cjjacobsJacobs @CDU @JuliaKloeckner @annewill 2.
c) #Germany produces 2% of all CO2 - So if we all live in tents tomorrow & only ride bicycles will it make a big difference? A: No, but the Chinese & Americans won't stop laughing!
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PS: Currently #China produces around 26% of all man-made CO2.
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M S Swaminathan
@msswaminathan
Dr M #Karunanidhi was a scientists’ scientist. Among his numerous contributions to Tamil Nadu's development are outstanding universities like Anna University as well as the State Biotechnology Council and gender-sensitive institutions like the Women’s Biotechnology Park.
#Karunanidhi was also keen to see Tamil Nadu progress from food security to nutrition security. Long before India's #foodsecurity Act was introduced, he launched in the 1990s a ‘#Hunger -free area programme’ in order to fulfil the dream of Mahakavi Subramania Bharathiyar.
The former Chief Minister also married #science with Tamil #literature. At the World Tamil conference in 2010, Dr #Karunanidhi announced the setting up of genetic heritage gardens based on Sangam literature in five zones representing kurinji, mullai, neithal, palai and marutham.
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Science & Policy Ex
@DSP_SPE
We're in the historic Redpath museum auditorium this morning @mcgillu for another excellent talk by Jan Marco Muller @IIASAVienna which we organized w/ @McGillMSSI & TISPP! A continuation of #SPESciDip events of the last few days, #THREAD below ⬇️
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