Friday, 31 July 2009
Another Iraq Enquiry
Thursday, 30 July 2009
The World of Opera
Thursday, 16 July 2009
They Are Laughing At Us
A couple of days ago I tried to estimate what Goldmann Sachs would pay its staff this year after hearing the announcement of just how much they intended to pay out for the last three months alone. Now more than one city analyst is suggesting that the investment bank will actual manage to pay each and every one of its staff an average of $1 million for the complete year. I have already said that the money is obscene and I cannot think of any words strong enough to express my disgust. There is a lot of nonsense being written and said about paying for success etc. but it is well ..... to put it bluntly - just bollocks. There are lots of people who work hard for their livings, are good at their jobs and are a vital part of our lives but remuneration at the level of Goldmann Sachs will, for them [as well as the rest of us] remain nothing more than a complete fantasy. No doubt these financial whizz-kids will tell us - as they stuff all the cash in their collective pockets - just how important it is that wage rates be kept low among the plebs and labouring classes to ensure a competitive economy. Similar things would have been said during the early days of laissez faire capitalism as rich merchants luxuriated in their rural mansions and the labouring classes worked 14 hour days to scratch enough reward to just feed themselves and their families - if they were lucky.
We have a rapidly rising unemployment rate, an economy flat on its back, huge government debts, people losing their houses, many enjoying negative equity and things still getting worse. All caused by Goldmann Sachs and their like - banks that had to be bailed out by taxpayers. Yet they now intend to pay themselves even more money than they have ever did before. They are laughing at us, the poor mugs who have bailed them out. And what are our governments doing? Nothing is the answer. What can I say? Our governments are useless. The only thing they understand is rioting in the streets. And these payments justify rioting in the streets. The rich who have always ruled this country fear that.
If we could take the money being paid to the Goldmann Sachs workers for their efforts in the last three months and give it to the 281,000 extra people who have been made unemployed in the last three months, we could give them nearly £15,000 each - which would tide them over for a while. The Goldmann Sachs staff could possibly just get by on the remaining $750,000 each for the rest of this year.
There are many things rotten in Western Capitalism.
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Tuesday, 14 July 2009
What Is An Investment Banker Worth?
Why Are We In Afghanistan?
Being governed by the witless management of the Blair/Brown gang is a dispiriting existence. This country has a built in Dunkirk spirit and will knuckle-down and get things done when the necessity is clear. Until then we will drift along and whinge. This awful government is so tied up in the bindings of its own spin - it believes its own propaganda - that rational decision making is impossible. No government statistics are believed - largely because claims are based on mathematics that involved dividing or multiplying by zero. But until the government faces up to reality on taxation and spending nothing is possible.
Government debt will continue to rise until Brown and Co [or their successors] draw up a credible plan to re-balance the books. This should be done sooner rather than later but one way or another it will be done. What is much more urgent is to resolve the matter of Afghanistan. Whatever Gordon Brown tells us, the fact remains that we are trying to do something in Afghanistan on the cheap and as a consequence our young men are being killed un-necessarily. I say "trying to do something in Afghanistan" because I have not the faintest idea what we are supposed to be doing in that country - if it is a country, even. Gordon Brown tells us that Afghanistan is the front line in the war against terrorists on the streets of Britain. This is nonsense. If we are concerned about turmoil in that region translating to bombs and killings in British towns and cities, then the front line is in Pakistan. But we can argue about this. What has to be made absolutely clear is exactly what our forces in Helman province and the Americans in the rest of Afghanistan are, specifically, trying to achieve. Then they must be given the men and resources to make achieving the objectives a realistic possibility. This will cost money. Either we find the money - NOW - or we get out - NOW. Inadequately resourced troops getting killed pointlessly is not an option.
The picture above is of Private Robbie Laws, 18 years old and killed last week on his first day of active duty in Afghanistan. In the last week there have been eight 18 year old soldiers killed. This cannot go on. If more men and machines are needed they must be provided. We stumped up almost limitless cash to support the banks - and allow them to carry on paying their staff obscene amounts of money but equipping our troops properly is, apparently, not possible. The scenario is made worse by the existence of grandiose plans to build a new nuclear deterrent system as well as two huge aircraft carriers, the purpose of which is, again obscure.
I would like to think that MPs would be insisting that these matters are sorted before they go off on holiday. But there seemed little evidence that this is likely when, yesterday, the defence secretary and his shadow carried on an exchange about Afghanistan with a largely empty Commons chamber. Perhaps they were all busy with their expenses?
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Monday, 13 July 2009
The Great Escape
Sunday, 12 July 2009
Is This going To Be One Of Those Summers?
Saturday, 11 July 2009
The Killing Fields
I have said before that far too many politicians these days have no knowledge of history and they plough along making the same old mistakes again and again. That should not be true of Gordon Brown and I hope he proves to be the exception.
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