Make your own. Thanks, Lil. Charles Moore, proper Conservative, wrote the other day that if you left the country now and didn't come back until polling day, you would have missed NOTHING that might inform your electoral decision. What a grisly three months we have in store.
Off topic: many are outraged that RBS, largely state owned, lent monies to facilitate Kraft takeover of Cadburys. Is it true that government could not step in as to do so would mean acquiring RBS debts on government books rather than as seperate co. ? (heard this on R4 the other morning and believe I have it right but would appreciate clarification if you would be so kind? Thanks)
Pip, it doesn't matter a bugger that Kraft are taking over Cadbury. Every company has a price. Warren Buffett thought that Kraft were paying too much even BEFORE they raised their price to the final bid. Shareholders should therefore be happy.
A complete govt takeover of RBS would mean assuming the equity (probably worthless), and therefore 'lose' all the govt subsidy to date, but the debtholders would still be exposed to a total or partial loss. Or the taxpayer would end up bailing out the bondholders at par, more likely.
It matters a bugger to me because I'm saving in a pension fund and I also pay taxes to support redundant workers - job losses are on the cards with this one.
It's also demoralising to hear of the amount of British brand names which are now foreign owned "It's been going on for ages, Kevin - this is the norm." Maybe so. And that's one of many reasons why I think Britain's had it; the outflow doesn't match the inflow - except in population levels of course.
"If you will not fight for the right when you can easily win without bloodshed, if you will not fight when your victory will be sure and not so costly, you may come to the moment when you will have to fight with all the odds against you and only a precarious chance for survival. There may be a worse case. You may have to fight when there is no chance of victory, because it is better to perish than to live as slaves".
Too True
"That such an unnecessary and irrational project as building a European superstate was ever embarked upon will seem in future years to be perhaps the greatest folly of the modern era.”
"We are a nation with a government, not the other way round".
Reagan, inaugural speech, Jan 20 1981
(Interim) Last Word on the Subject
Stated briefly, I will simply try to clarify what the debate over climate change is really about. It most certainly is not about whether climate is changing: it always is. It is not about whether CO2 is increasing: it clearly is. It is not about whether the increase in CO2, by itself, will lead to some warming: it should. The debate is simply over the matter of how much warming the increase in CO2 can lead to, and the connection of such warming to the innumerable claimed catastrophes. The evidence is that the increase in CO2 will lead to very little warming, and that the connection of this minimal warming (or even significant warming) to the purported catastrophes is also minimal. The arguments on which the catastrophic claims are made are extremely weak – and commonly acknowledged as such. They are sometimes overtly dishonest.
Prof Richard Lindzen, Alfred P. Sloan professor of meteorology at the Massachusetts Institute of Technology. Atmospheric Brainbox of the World
9 comments:
It is so depressing Idle. The country wanting something else and Dave offering more of the same.
You're right there, Idle.
Fighting a new war using the last war's technology.
We've moved on from Blairism. The very last thing we need now is a cover boy.
http://electro-kevin-electro-kevin.blogspot.com/2010/01/blog-post.html
Oh spot on, Idle. As ever.
Off topic: many are outraged that RBS, largely state owned, lent monies to facilitate Kraft takeover of Cadburys. Is it true that government could not step in as to do so would mean acquiring RBS debts on government books rather than as seperate co. ? (heard this on R4 the other morning and believe I have it right but would appreciate clarification if you would be so kind? Thanks)
Pip, it doesn't matter a bugger that Kraft are taking over Cadbury. Every company has a price. Warren Buffett thought that Kraft were paying too much even BEFORE they raised their price to the final bid. Shareholders should therefore be happy.
A complete govt takeover of RBS would mean assuming the equity (probably worthless), and therefore 'lose' all the govt subsidy to date, but the debtholders would still be exposed to a total or partial loss. Or the taxpayer would end up bailing out the bondholders at par, more likely.
The shareholders may be happy but should we be ?
It matters a bugger to me because I'm saving in a pension fund and I also pay taxes to support redundant workers - job losses are on the cards with this one.
It's also demoralising to hear of the amount of British brand names which are now foreign owned "It's been going on for ages, Kevin - this is the norm." Maybe so. And that's one of many reasons why I think Britain's had it; the outflow doesn't match the inflow - except in population levels of course.
Now to the issue of putting food on the table...
I've written to Gordon Brown, offering to make up some posters for him.
I'm still waiting for a reply.
Exciting, isn't it?
Well it is cold comfort. Our Tory's over here no better.
At least yours are doing something. Ours are on Holiday (Prorogued again) until March.
Many thanks for reply, Idle.
Do think Kev has a point re: job losses. All these 'back to work' schemes mean zilch if there is no work to be had.
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