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Posts tagged with "Money"

The usual suspects.

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So, the banks are giving more money to the Tories than the unions are giving to the Labour party. No surprise there then. It might explain why the Conservatives insist that the recession is Labour's fault when we all know it was the banks though.

One thought does strike me. At least the unions ask me before giving my money away to a bunch of politicians.

Box and Knox get away with it.

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Yup. Much as politicians like to think that they are the news, in truth there have been just two major stories lately. Box & Knox. And since they both feature the letter 'x', which is grossly under-represented in blogs today, I thought I'd mention both of them.

The box is of course a Greek satellite TV box, which the Eurocourt has decreed is legal in the UK so up yours Murdoch. Of course the Brit courts may yet choose to ignore the Euro ruling and uphold the £8,000 fine it imposed upon an unsuspecting pub landlady for daring to use one of these machines, but doing so would probably achieve the impossible and cause a pro-Europe backlash.

The fact is that, because of the stupid positioning of the satellites broadcasting to Britain, it's impossible to stop every country from there to here from eavesdropping on the TV that we're paying for, so it makes a nice change for us to be able to repay the compliment, even if we, er... have to pay for it...

Dagnab it. Don't you just hate it when a plan doesn't quite come together?


And so on to the slightly more serious case of the murder of Meredith Kercher by Amanda Knox, Raffaele Sollecito, and Rudy Guede. Or not (It could be argued that by making that a statement I'm leaving myself open to libel claims, but I think I'm probably on safe ground, because..) It goes like this.

We in the outside world have access to information that the jury weren't allowed to consider. For a start there's Rudy Guede, who pleaded guilty to assisting in the killing and named the other two as his co-killers. He claimed that he and Sollecito held Kercher down and Knox actually performed the act which resulted in her death. Then there's Sollecito who told the police that Knox did it, but then withdrew the accusation and refused to repeat it in court. And finally, at least for the moment, there's Knox's admission of lying in court after she accused Patrick Diya Lumumba of the killing. You have to wonder why, if she was innocent, she would need to fabricate a story about someone else. She got 3 years for the slander, which means she did just one year for the murder.

Oops. Just had a call from Messrs Sue, Grabbit, and Runne. All mentions of killing and murder above should, of course, have read 'alleged killing' or 'murder (Allegedly)'. Sorry 'bout that.

After the case was over there was an interesting interview with one of Miss Knox's legal team. After a short discussion of the case the interview took a turn that maybe the legal eagle wasn't expecting when the interviewer said "Of course it has to be said that in some states of the USA Amanda Knox might have been executed by now". The interviewee explained why the case would never have gotten off the ground in the US, but the interviewer persisted "Yes, but just suppose it had. Mistakes do happen in America too." This seemed to catch the interviewee off guard.

For a moment she started to explain that Knox, being female, white, and middle class, would probably not have been sentenced to death, then she realised just what she was about to say and backed off.

I suspect that if she hadn't the name Troy Davis might have come up.

What a difference a day made.

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I probably won't get to checkout the 'News of the World' on Sunday after all. The odds are it will have sold out by the time I get there. Look how fast things are happening.

NotW closed down, the editor formerly known as Rebekah Wade taken off the internal inquiry, Coulson arrested, and Cameron almost but not quite admitting he screwed up, which given the revelations that he was warned by more than one source that Coulson was bent, he most decidedly did.

The closing of the News of the World was both magnificent and unfortunate. Magnificently devious in that it has reduced The Dirty Digger's holding in the UK's media thereby giving him a better chance of qualifying to take over SkyTV and simultaneously giving him a chance to save money by replacing two newspapers, the NotW and the Sun, with one, the 7 day Sun. But unfortunate if you happened to work for the NotW, particularly if you were one of the employees brought in after the shirt hit the fan to clean the place up. Small wonder that a lot of employees are a bit miffed that Rebekah Brooks is the only one of the team that is still definitely in employment. Only three people think that Brooks shouldn't resign, the Murdochs and David Cameron, even Brooks thinks maybe she should be off, apparently she offered her resignation but it was refused. Mind you, she probably only offered because she knew it would be turned down...

An interesting thing is the time at which the web addresses sunonsunday.com and sunonsunday.co.uk were taken out. Either someone really smart has second-guessed Murdoch's strategy, or the digger already planned to shut the NotW down way before he announced it, and my money's on option 2.

I await developments with interest, unless Murdoch's strategy succeeds in which case I shall be every bit as miffed as his recently redundant workers.

And it seems the strikes are on.

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It seems like nothing is going to stop tomorrow's strikes, not even David Cameron's reassurances that the changes to the employment terms which the public service workers are about to suffer are quite fair. There's a reason why he thinks they're fair and they don't believe him.

Once again Private Eye produces the obvious statistic where the rest of the media don't seem to have noticed.

6,162,000 Number of public sector workers in the fields of civil servants, local government, NHS, the armed forces, teachers, police, firefighters, judicial and atomic workers who the government proposes should lose their final salary pension schemes and move to career-average schemes.

650 Number of public sector workers in the field of er... government (i.e. MPs) who the government is not proposing should lose their final salary pension schemes and move to career-average schemes.

Cameron's idea of fairness is obviously a millionaire's idea of fairness. Millionaires rarely think any kind of cut to their own conditions are fair.

In support of strikes.

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Strikes are really annoying, especially if you're the one on strike. They're annoying because suddenly people, even people who don't know you, don't like you, and you're not getting paid for it.

Contrary to what the press may believe, no one wants to go on strike, they do it when they reach the point of no return. When they suddenly want to hurt the boss as much as he's hurting them.

It's an uneven world. You join a company and you sign an agreement which you're expected to stick to. The management on the other hand are not required to stick to it,their sole requirement is to let you know about the change in good time. If you have a union they'll go in and fight your corner for you, but the bottom line is that if they can't come to an agreement the company can simply impose. That's the point where you have to decide, is this worth losing money over?

Britain's unions are amongst the most tightly reigned in the world. France, Germany, the USA, they all have much more powerful Trades Unions than we do, what do they also have in common? They're above us on the rich list is what. The supposedly moderate Vince Cable is now threatening to take anti-union legislation even past that of the Thatcher years. It won't help, it'll just piss people off.

Now let's go back in time (Imaginary tinkling noise and Dr. Who effect...).

When I left school most kids didn't even get to take final exams, let alone go to college, they just left school at 15 and tried to find a job. As one of the lucky ones, by the time I was out and in the job market they'd all had a head start on me, but at least I did have some bits of paper which meant I could leap frog them. If I could find a job that one of them hadn't already been moved up into anyway.

Surveying the job market I became aware of vacancies right at the bottom, as a man from the ministry. It did have some advantages, promotion, back then at least, was by examination, and I was good at passing exams, my problem was remembering the stuff afterwards. The Civil Service had its downsides, like mainly starting salaries were almost exactly half those I could get in the world of business, but on the plus side there was the exam based promotion path, a good pension, and retirement a whole 10 years before my potential time of death, whilst those of my gender in industry only got 5 years.

I really liked that last bit.

It took about a year for the Civil Service and me to come to the conclusion that we couldn't work together, and I went out into the world to find a job that would let me be a rock'n'roll musician in my spare time. As it happened I walked straight into jut such a job and yes, I was on double the money.

Oh well, it almost made up for being chopped back to just 5 years of retirement, and dad said that the pension was actually not too bad.

Time passed, Thatcher happened, and suddenly HM Civil Service were earning comparatively good money, not because their wages had jumped, but because the rest of us were being held back.

So if the Civil Service do, as threatened, go on strike to protect their pensions and retirement dates, I'll support them. When they started they were on crappy wages, now they just want what they signed on for, and they have every right to it. It's not their fault that the rest of us got shafted.

Banks or unions? Now there's a toughie.

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It's very nearly impossible to find figures you can compare with each other when you're trying to find out who gives what to political parties and/or causes, but from what I can gather "Trades Unions" donate something over 90% of the Labour party's funds, and "The Banks" donate somewhere between 50.4% and 50.7% to the Conservative coffers.

However, in real cash term this works out at around £8.8 million moving from the unions to Labour, and £11.4 million going to the Tories from the banks.

Newspapers like the Daily Mails and Expresses are outraged at the amount of money being given to the Labour party by the Unions. They want to know what the unions think they're going to get for all this dosh. For some reason they're not similarly concerned about what the banks are paying even more for.

Hmmm. Let me think.

Trades Unions are democratically elected organisations bound by regulations to represent the views and concerns of their members, the people who actually do the work, and the banks are capitalist institutions who were deregulated by the Thatcher government (Regulations which would normally have been reinstituted by the following Labour government. One more difference between old and new Labour I guess...) which resulted in the banks' collapse and the world depression which followed.

Well at least now we know why the coalition keep trying to blame the crash on the Labour Party.

"Warning to families. Interest rates to go up" shock horror terror. "Oh. Good." Says your hero.

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It was the headline on the Daily Mail yesterday (Well, up to the word 'shock' anyway). Underneath was a story about the dire straits that families in debt will find themselves in.

Why? Anyone who took out a loan at the current rate and didn't think it might go up sometime would have to be a bit simple (And might have a good case for a 'Wrongful selling' claim too). The fact is that, as a net saver like most of the country, I have been subsidising borrowers ever since the banks took a nose dive.

I look forward to getting a little interest on my savings.

It'll be good to get a bit of money back from the banks instead of them using it all to make political donations.

...And to pay themselves bonuses.

Parliament Fails Investigation. Political Fallout Inevitable.

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Norman Lamont (Conservative) dreamt up the Public/Private Partnership, confusingly referred to as PFI, but the idea was pinched by New Labour. Nothing new there then.

Gordon Brown thought it was a great idea and went on a spending spree. Actually, 'Spending spree' isn't quite correct since it didn't cost him anything. Private companies would build and maintain infrastructure that the public purse would normally cough up for (Hospitals, schools, libraries...) and the organisations using that infrastructure would pay them rental and maintenance. After 30-35 years the buildings would become public property. What's not to love?

The Liberals had always found plenty not to like about PFIs, and the Tories pretty quickly came to agree with them (About as long as it took for them to be replaced in government by New Labour, coincidentally). Both of the Cleggaron were scathing in their attacks on the system, and the public and the press agreed.

About the only good thing you could say about Brown's PFI offensive was that it happened during a period when interest was low, inflation was low, and like it or not, Brown was keeping the economy on an even keel for longer than any other chancellor before him had ever managed, and might still be if he'd had the sense not to challenge the Peter Principle and step up into the top job.

Imagine my surprise then, when I discovered that the coalition are to sign off even more PFIs this year than Brown had. It seems they've changed their minds. PFIs are a great idea again.

No they're not. Especially at a time when the loan rate is gastronomical (It's eating money...). Governments can always borrow money at lower interest than private companies, and with the economy in this condition the 'private' half of the agreement is going to have to charge swingeing rental rates just to cover the interest payments.

Still, the coalition needn't worry. The real beauty of the PFI is that you get it today, you pay for it later. It's a gigantic hire-purchase scheme. They'll be long gone by the time the brown smelly stuff hits the twirly thing.

Who put the super in market? And why? I think we should be told.

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I've just seen another of those programmes where small businesses claim that supermarkets are putting them out of business and the supermarkets say that the fact that people are shopping with them proves that it's the supermarkets they want.

I figure that to run a really successful supermarket chain you can't be a mathematical idiot, so I have to face the option that they are therefore deliberately playing with the figures. I've probably already moaned about this before but humour me, tell me where my figures are wrong.

If a small shopkeeper needs 100 customers a day and he has 120, then he's happy, and so are his customers, but if over 20 customers a day desert him for a supermarket then he's no longer in profit and has to shut down. When he shuts down the remaining customers have no choice but to go to the supermarket.

The fact that all 120 customers have now gone to the supermarket does not prove that it's what they wanted. It proves that they no longer have any choice.

Am I right, or am I left?

Stop giving us money I tell you!

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Hard to believe I know, but in the wake of the Japanese tsunami/nuclear disaster some charities are being criticised for being too fast off the mark at collecting funds for it and other disasters around the globe.

This came about because the Japanese government have asked for physical assistance, but not financial assistance, so some people are complaining that they shouldn't be asked to give cash, apparently as they are unable to make the link between sending physical assistance and paying for that physical assistance to go and do whatever it's there to do.

One exceedingly vociferous complainer, luxuriating under the (Real) name of Saundra Schimmelpfennig, said that certain non-profit organisations (That would probably be 'charities' to the rest of us) "will jump into the fundraising fray before there is any clear idea of what's happening on the ground. They'll start raising funds the same day that the disaster happened, before the government has even had a chance to get to most of the areas that have been hit, before you know what the government's capability is, before you know who else is going to be responding."

The logic of this defies me. Firstly, if you're going to collect money you have to do it while the image is still fresh in people's minds. They're just plain more willing to give that way, and secondly, if you're going to wait until you know who needs how much money and where, you're not actually going to have any money to give them yet. Can you imagine the headlines then? "Why did charities wait so long to collect money? 'I was only too ready give, but I couldn't' claims trembling onlooker".

Sometimes you just can't win.
February 2012
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