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Everything posted by SNACR

  1. The freemen mistake is believing the other side will play by the rules when the other side made up the rules. I would bet more security budget is spent monitoring them than is on middle eastern nutters.
  2. http://www.debtmanagementtoday.co.uk/newsstory?id=1611&type=newsfeature&title=government_aim_to_round_up_billions_of_uncollected_debt Don't know if there's been a thread on this but, for some reason, I very much do not like this idea
  3. If it's in the Brunel Centre in Swindon then I would doubt it was. Rents in there are massively on the slide. Never been any trade, to write home about, in Swindon town centre despite seemingly massive footfall. Council, were forced to buy the Brunel, I seem to recall, in the last recession. Poundland was the only store that ever seemed to do anything much even in the boom years. Woolworths also seemed to have a bit of a buzz but their distribution centre was in the town so wouldn't be surprised if a lot were in there with staff discount - although WH Smith head office and warehouse were there and they always seemed empty - incidentally WH Smith are trialling some half-arsed discount greeting card retail concept called Card Market in the Brunel.
  4. Stopped buying them when M&S changed the supplier of their golden syrup porridge pots to an inferior quality one and cut out porridge altogether consequently, and feel a lot better for it actually. Porridge does seem to suppress appetite but possibly a good reason everyone, but those in the land of deep fried mars bars and irn bru, only feed it to the horses.
  5. Yes, the people's entrepreneur's noisy bid gave the handy illusion it wasn't a foregone conclusion and a van delivering a sack truck load of document boxes emblazoned with the Virgin logo, to conveniently awaiting cameras, was a nice piece of added theatre.Good ol Dickie and his derring do, if he didn't exist, it's almost as if you'd have to make him up.
  6. +1It's the bad people super rich, who spend as much on a car as your house costs, and they're not just any old bad people super rich a lot of them are Johnny Foreigner naughty immigrant super rich. At some points seemed like a party political broadcast for UKIP. All that and a sprinkling of Fatcher's fault without any mention of if zirp or QE might have distorted things. I'm not even sure if the fact London has become a reimagining of tulip mania, using wood floored apartments with wetrooms, is really the most pressing issue for the average UK citizen. I might take one of these sorts of polemics seriously if they concluded the fault lay with the average voter who wants ice cream everyday then moans when the country gets sick.
  7. Yes, well if you can eat a political football then the food bank charities are always able to provide that gift for free.
  8. I've not dealt with food banks but have had dealings with quite a few charities that recycle wood and other stuff for community projects and allow people from youth groups turning up to collect things for free etc. Observations are depressing, I'm afraid. As already said they are bloody picky considering they're being offered the stuff for free those staffing them (who are often paid if it's some council subsidised thing) are bloody lazy They often have a van or two donated by a local car dealer that they mostly use to get to and from work. The staff take first pick on anything donated and sell to mates for cash or ebay it if they can often quite brazenly. The people that use the places are nearly as bad. The car park demographic of people using the places are typically 4x4 driving yummy mummies. On top of that if there's some rule in operation, like they can fill one trolley with stuff for free then they seem to stuff bits of wood down the side of the trolley, like a pikey tree surgeon's Ford Transit, to maximise what they take. All in all they seem to be 'charities' run by a bunch of piss takers for a bunch of piss takers and these days I'd rather skip or burn the stuff.
  9. On the Minsky theme II think there's a strong case it's a bubble when people are borrowing money to buy into an investment/asset class and can only repay that borrowing if the investment performs as planned and would be unable to from their own latent earning potential. In essence the speculators themselves do not even believe they are speculating.
  10. Most people already have a secure metal box with clever electric locking and unlocking. This is the future, I think, rather than lock boxes. I can also recall various efforts with businesses offering locker style solutions, for online deliveries, that haven't been a flyer. I don't think click and collect has much long term legs. Ultimately, you can't sustain an Argos store solely to receive deliveries, for free, of nearby office workers' ebay crap. http://www.dailymail.co.uk/sciencetech/article-2566930/Now-youll-never-miss-delivery-Volvo-tests-smart-car-delivery-men-access-trunk.html I wouldn't be surprised if City Link (and many other big fleets) didn't have some diesel price swap that's been caught out by falling prices, On the topic of City link, I do know of at least one instance of insane money wasting. That being, spending millions on special lorry trailers, that proved totally unsuitable and were subsequently sold to a pound shop chain for buttons - and I mean buttons like £1k each when they cost £150k each. Actually looks like the internet has recorded the press releases for posterity. http://www.logisticsbusiness.com/news/news0122.aspx(2007) The by 2009 they were virtually giving away £23m worth of lorry trailers http://www.fraikin.co.uk/news/new-trailers-to-transform-city-link%E2%80%99s-trunking-operation
  11. Does anyone know Peter Blowjobs address, I want to send him a large jar of vitamin D tablets?
  12. It was different in the former Soviet Union as everyone effectively worked for the state. I do anticipate something messy in this country where there are so many different schemes, to different groups of workers, but all effectively state-backed. Going to be hard to make it fly that one group has a cut and another doesn't. I feel a watershed will be when there's acceptance, amongst the current workforce, that they'll be getting less pension and working longer than the previous generation. At that point they'll be less motivated to take industrial action to support the pension rights of those who've already retired. I do also wonder if all pension funds will be nationalised eventually with more socialised payouts I'm not unsympathetic to the case either, I obviously know it was what they were promised but, government's promise all sorts of crap, that doesn't come through, and some of the packages are just too generous. If, for example, BT workers don't want that then then they can keep the fund private but they can't expect the rest of the tax-paying populace to shoulder the burden of underwritng the fund.
  13. I would think soThe Tesco bank that lent a massive sum to a large pension backed property fund so it could buy a load of Tesco stores and the lease them back to Tesco.
  14. In your childhood the supply chain was far more fragmented with much less consolidation. The market wasn't concentrated into such a small number of dominant players, of which, Tesco is significantly the largest. It's the knock on, and the immediate cashflow effect, not necessarily that the lost sales on, for example, Marmite won't in the long term be potentially picked up by a competitor. There's also the issue that insuring credit to other supermarkets becomes more expensive. All of a sudden you're not shipping product, to what was your biggest customer, and as a lot will be using invoice finance to raise funds immediately at the invoice date it means an instant cashflow brick wall. In food, rather than non-food supply will often be made daily also. A lot will have insurance for the outstanding invoices but there's other issues like the months worth of private label packaging they'll still be forced to pay for. Don't want to give too much info but know of something much more trivial that was bailed due to entreaties from a consortium suppliers that to let it go under would threaten the supply chain.
  15. Too big to fail business, like banks. If there was a fairly disorderly unwinding similar to Woolworths, Focus, Comet et al the ripples through the supply chain may threaten general food security. If something did happen, I suspect, it would be, similar to the banks in 2008, with it probably broken up, behind the scenes, with forced marriages to the other big chains.Now looking at some form of state failure before they go under in any real sense. I still think it will play out something like 1998 Russian crisis and I seem to think the first big wobble that really made panic set in there was state pensions only being paid alternate weeks.
  16. I always think in Sainsbury's the more furiously the machine at the self-service checkout spits technicolour coupons at you the worse current trading must be. The most recent one was some convoluted scheme to visit so many times before Christmas, and spend so much money at a time, to get some extra nectar points. Presumably in an attempt to keep you well away from competitor's automatic sliding doors during the festive period.
  17. I can remember having a discussion with some landlord, years ago, who was extolling the virtues of supermarket freeholds and my comment at the time was that the problem with large sqft supermarket property is you've only got a choice of four tenants and if the lease isn't renewed it will likely remain empty until a change of use can be secured. I think there'll be more planned supermarket sites than housebuilders willing to buy.
  18. They probably aren't doing anyone any favours encouraging people to open crappy little independent shops whose heyday passed in the last century.
  19. Don't really follow this line of thought TBH. Plenty of casual labour existed before computer technology.
  20. They can store the part-finshed ones, that aren't going to be delivered yet, in the car parks of the Tescos, that aren't going to open yet.
  21. Ironically the biggest users of click and collect are the staff that either work in the stores or other nearby stores/offices/businesses. Effectively, many of those, most likely to still patronise those shops can now bypass them for an online sale. Even if they start off using the own retailer's click and collect chances are, in time, they will gravitate towards click and collect from the cheaper online marketplaces like ebay/ amazon. Experience would make me think the new click and collect footfall will be unlikely to spend on anything else either. Like free parking, or lower business rates it's just another temporary reprieve because if you needed a lasting solution to people not being home to accept parcel deliveries you wouldn't invent the High St. Secure delivery to your car boot, regardless where it's parked, is the very near future.
  22. Ebay/Amazon should always have been charging vat, passing it on and supplying invoices to customers. On that basis everyone knows where they stand which is useful to customers also as it is never really very clear on ebay if the selling price includes reclaimable vat and invoices from sellers are very hit and miss even with those that clearly sell products aimed at businesses. If you take a regular auction house they would never be permitted to carry out the auction, make the sale, take the money - before taking their cut - and then passing the customer on to the person selling the item for the invoicing side of things. Like so much it's more government legislation and bureaucracy stuck in the era of quill and accounts ledger.
  23. Shiply and Anyvan are exactly that for man with a van courier, with predictable consequences.
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