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Compukit UK101

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  1. municipal bond collapse in the USA triggering general bond collapse. Terrorist attack on the Vatican possibly involving nuclear weapons.
  2. Isn't this just an opportunity for another airbnb copycat to compete with airbnb.
  3. I always preferred variable interest for the following reason. I found that the variable rate repayment mortgage had no charges for overpaying (and the interest was calculated daily). This meant that any extra money I managed to save up was available for me to pay of additional chunks and effectively cut the term of the mortgage. I found it was a great way of saving because the 'effective' return on your money is what they are charging you. I think I was getting about 10-15% yield. I used to arrive at the Halifax and pay of big chunks like 5 thousand in a single visit. The lady at the counter would look a me like I was a madman (this was in the heady-days of the early 2000s when everybody else was borrowing like crazy). She always asked me if I wanted to adjust the payments but I didn't. I adjusted the term a few times though (from 15 years down to about 5). Eventually I had about 50 quid left outstanding and then I adjusted the payments, just to be annoying. I think the monthly repayment was about 7p per month. I used to get statements every few months with 0.07. It was very amusing. It was also a cheap way to get the bank to look after the deeds. Eventually I got bored with this and payed the outstanding off.
  4. The more things change the more they stay the same ... "The train bore me away, through the monstrous scenery of slag-heaps, chimneys, piled scrap-iron, foul canals, paths of cindery mud criss-crossed by the prints of clogs. This was March, but the weather had been horribly cold and everywhere there were mounds of blackened snow. As we moved slowly through the outskirts of the town we passed row after row of little grey slum houses running at right angles to the embankment. At the back of one of the houses a young woman was kneeling on the stones, poking a stick up the leaden waste-pipe which ran from the sink inside and which I suppose was blocked. I had time to see everything about her—her sacking apron, her clumsy clogs, her arms reddened by the cold. She looked up as the train passed, and I was almost near enough to catch her eye. She had a round pale face, the usual exhausted face of the slum girl who is twenty-five and looks forty, thanks to miscarriages and drudgery; and it wore, for the second in which I saw it, the most desolate, hopeless expression I have ever-seen. It struck me then that we are mistaken when we say that 'It isn't the same for them as it would be for us,' and that people bred in the slums can imagine nothing but the slums. For what I saw in her face was not the ignorant suffering of an animal. She knew well enough what was happening to her—understood as well as I did how dreadful a destiny it was to be kneeling there in the bitter cold, on the slimy stones of a slum backyard, poking a stick up a foul drain-pipe." ― George Orwell, The Road to Wigan Pier
  5. Well she is certainly aptly named to tell us exactly how deep the rabbit hole goes.
  6. Then, when every last cent Of their money was spent, The Fix-it-Up Chappie packed up And he went. And he laughed as he drove In his car up the beach, “They never will learn No. You can’t teach a Sneetch!” —Dr. Seuss, “The Sneetches”
  7. Here's Karl Denninger's view. He thinks it is a big mistake. http://market-ticker...www?post=212111
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