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Everything posted by SNACR

  1. Considering all this shop boycotting allegedly going on you'd expect Waitrose to be much busier than it is. People voted for europhile politicians and political parties. I actually embrace this as a wonderful example of democracy in action. Still don't really get the argument about why you need to be so reliant on the staff in shops to be customers of them. No-one that works in Claridges ever books a week's stay, I doubt.
  2. Discussing and debating the differences between any of the political parties just confers credibility that's undeserved.
  3. Even on a full repairing and insuring commercial lease the landlord will typically arrange adequate insurance cover and pass the cost on to the tenant. The idea of a damages claim against the tenant, even if negligent, would seem an exceptionally large uphill legal struggle. Basically, fire damage would be viewed as a foreseeable risk and the landlord should have insured accordingly. Maybe the tenant did something stupid but it could just as easily burn down from some kids sticking a firework through the letter box. The negligent party would be the landlord by failing to insure.
  4. FFS, I can't work out if this is serious or a parody of this site. In case it is serious, what were they going to use these reserves for? Scientific research into building a machine, to travel back in time, and disinvent modern computing and the internet maybe?
  5. Those mad sales images are always a bit like grateful Libyans dancing with new looking flags they've conveniently found to hand. The only ones I ever readily believe are the doleys scrapping over flatscreen tellies. Anyway, Cyber Monday today - although like last year it may need a re-run next week.
  6. Interesting, 86% of orders weighing less than 2.3kg implies books being in massive decline and also most customers ordering single items.
  7. I'm surprised there's not been more LLs putting hidden cameras in properties let to young women type scandals.
  8. I get the feeling it's tolerated round the M25 for immigrants providing cheap labour to keep the London ponzi alive. Think it has parallels with ancient Rome when they had loads of migrants forced to live outside the city walls and provide cheap labour within. I seem to recall that there was some relaxation of the rules about how far loos have to be from kitchens on cramming more rabbit hutches in grounds.
  9. It definitely had that beeb exposition vibe of 'sheeple, here's something you need to know about, remember this thing as you'll need to know what it is for some big news later' followed by a crashing of the Bitcoin wiki page a few seconds later. Would think it's too good an opportunity to miss for an abject lesson in why everyone should stick with nice safe government backed investments. The irony being that the popularity of these kinds of thing is because people no longer feel there's as much safety to government backed investments, so they probably aren't going to go away.
  10. Yeah, if China attacked US forces, collateral damage is much less of an issue if stealth bombers empty a full load of ordnance over mainland China. Unless China has an ace up their sleeve it makes no sense. As soon as hostilities started the US would sink China's small number of missile submarines, as a precautionary measure, and immediately hold all the cards.
  11. Yep, just because you have to get a computer to do a massive sudoku puzzle, in order to join, doesn't mean it's not a ponzi scheme. Interesting game changer would be if a serious online marketplace like ebay or amazon adopted a virtual currency. If Bitcoin captures the public's imagination but crashes it could be replaced by something more legitimate through maybe paypal with some official underpinning to something like special drawing rights. Suddenly the globalist's fantasy of a world currency gets much more real and whatever the outcome for Bitcoin it's a great springboard to launch a new global virtual currency. In a virtual world a nation state just increasingly seems to be the place you plug your wifi router in.
  12. Amazon's operation generally isn't super-efficient they would probably be better using staff to pack products in standardised boxes, where they can't force suppliers to do it. These machines save masses of labour. The only argument for not implementing something like this for DVDs would be their own foreseeable obsolescence as a product. We've got software that batches orders then sorts for most efficient picking and processing. Rather than orders spewing out as they come in it saves say ten separate trips to one picking face by getting all ten items at once. There's also an element of sorting into delivery area that has be done after the packing stage which can also be made more efficient by batching. I have seen some incredible warehouse operations though. One I visited, staff all rode electric picking trucks virtually controlled by very sophisticated software. When goods came in on pallets and were removed from the lorries, and placed in a numbered grid before being put away, if it was nearer/quicker to get the product from there the computer would automatically redirect the picking truck to the pallet of fresh stock just arrived. On some fast moving products the pallet of delivered stock would disappear entirely negating the need to be put away in racking at all (which itself was automated) What Amazon really doesn't seem to do well enough on is moving on a step from the traditional retail model. Basically someone, who has to be paid, picks the product in a similar manner to in a shop. Then another member of staff wraps it in a similar manner to a cash and wrap counter in an old department store and they then pay a carrier to ship it. Even with reduced rent, rates and an offshore tax status it doesn't seem enough to sustainably leverage against a traditional retail model unless they automate massively soon. Every time I see a Daily Mail picture of a new distribution centre they've opened the only bit of automation is a conveyor for tote bins and they're in a high bay warehouse structure yet almost everything is ground level picking with the height above wasted.
  13. I think they'd have to somehow pump money in by the backdoor immediately to keep retail customers' accounts functional until they could be moved across to another going concern operation. Any sort of form-filling, delay in payment or associated horror stories when claiming on the FSC and I think it'll all go straight back under the mattress or into National Savings again.
  14. I can usually pick faster than most of our warehouse staff and do it all day long. As has been mentioned I do quite enjoy the brain dead nature of it in comparison with a normal day. I can't see how this sort of job is any different to screwing on wing mirrors on a car production line before the car moves off on the conveyor.
  15. No, but it's never been the case that a book token and bottle of champagne has been sent out by a bank when a loan covenant is breached. The grievances come from businesses that aren't being picked out of the Zombie Business Tombola by a previous big winner of the Zombie Business Tombola. The point is there should be no Zombie Business Tombola in the first place. If RBS hadn't been bailed and gone bust properly the evidence suggests nothing would be different for these businesses though. Like with B&B Mortgage Express BTL'ers the loan book would have gone into run-off. In such a scenario they have two options. If they're potentially in sound financial shape they need to find another lender that's still in business to switch to or they must scrupulously stick to all the original terms and conditions of their loan else face prompt foreclosure as the loan book is being managed in run-off and not issuing new lending.
  16. To send bailiffs they'd need a court judgment which wouldn't be obtainable if no payments or acknowledgement within 6 years. There's nothing to stop the debt co phoning/doorstepping/sending letters with lots of red ink though. I presume the companies that buy this debt have some sort of metrics for what percentage they can collect with such tactics and well know where the harassment line is drawn that would trigger action by the relevant consumer protection authority. I'd guess quite a few people in the loan book emigrated years ago with no intention of returning as well. People are criticising the government's loss on this but I think they've done pretty well finding someone to buy it. I doubt credit card debt of a similar age would yield as much pence in the pound if sold on.
  17. Considering Tomlinson builds and runs care homes he's too much into the borrowing money from banks to buy property game to be a suitably impartial observer on this. I get the impression these are loans the bank just no longer want on the books they are no different to those BTL'ers left in run-off from Bradford & Bingley's Mortgage Express.
  18. Some people, particularly women, seem to enjoy spending hours pushing trollies around large buildings and collecting products for free. Start paying them for it and they get ill. I would rather pay a flat cost per item picked. It would eliminate the alleged stress element and allow the hardest workers to reap the biggest rewards. I wonder if robots will ever replace 'stress experts'
  19. Presumably it went into the turnaround group due to a covenant breach. In this scenario the bank would probably have been entitled to force them into administration then. Also, I would think it almost certain, no other lender would be prepared to take on these commercial mortgages. Gouging of the financially distressed isn't really new. If it wasn't RBS it would be the receivers. Anyone who thinks this is terribly scandalous should ask themselves if they would be prepared to lend/continue lending their savings to any of the businesses featured because I haven't seen one yet I would.
  20. Some googling suggests these original loans were under the consumer credit act so subject to statute of limitations. Any cases where no payment, deferment or contact has been made for six years are no longer enforceable in court. In this scenario it's likely the loan book is being sold off in full knowledge that the only card the private collection outfit hold for collecting the money is harassment. I do think it's unreasonable to expect young people starting out to have great financial wisdom. I think student loans are as bad a mis-selling case as any really I think it's also a significant human rights breach they can't be escaped through bankruptcy. The message seems to be if you're going to get int the hole for £20k it's better to do it buying a car with a credit card rather than getting an education.
  21. It does look suspiciously like this could be the test-bed for the FSC guarantee but, I really don't think the Coop bank, disappearing is a good result. Anyway I thought businesses with the ownership structure of John Lewis were supposed to be the future.
  22. I would say when banks are prepared to view any stock other than cars/property or similar as an asset it's pretty much heading towards peak bubble. At the moment I'm not sure this is as scandalous as it's all sounding. I think it will be pretty likely this is all going to focus on interest rate swap products sold to small businesses. If interest rates had gone double digit, like the early nineties recession, none of these businesses would be complaining.
  23. Yes, I think because of Grand Designs, the phrase 'self-build' for most people, in this country, has become synonymous with tosser architects from London building a car showroom in a field to live in ride the property bubble.
  24. I suspect that's probably not as outlandish as it sounds. Although probably best to only practice in yourself. I think a lot of people who have the ability to really harness the internet to learn new skills, source replacement parts to effect repairs and make better informed purchasing decisions have soared ahead. However, having said that, there's a load of people that can't even use it to order the correct cartridge for their printer. The thing is with internet/youtube information that facilitates people taking on tasks, they'd normally have paid for, is will a farmer swap some meat for a video on how to replace an iphone screen that the creator of the video has made freely available to all?
  25. Really the right business decision would be to close all the branches and pay someone else like the post office to do counter services for them.
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