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Scooter

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Posts posted by Scooter

  1. Declan Curry on BBC news this morning @ about 7:20, let it slip that the US Coast Guard were reporting that there were abourt "20 oil rigs missing" in the Gulf of Mexico.

    If true this is huge! $100 pb any time soon!

    Interesting that one else is saying anything about it. I wonder if it is being hushed up whilst damage limitation messures (such as the US buying up evey drop on petrol on the market!) are put in place.

    Did Declan repeat that little gem later?

    Owner

    Rig/Equipment

    Status

    Value

    Insurance

    Comments

    Diamond Offshore

    Ocean Warwick

    Aground

    $14MM

    $50MM

    On Daupin Island, AL. Significant damage.

    Diamond Offshore

    Ocean Voyager

    Drifting 9 miles north

    Transocean

    Deepwater Nautilus

    Drifting

    $700MM

    Drifted during Ivan too

    Rowan

    Rowan-New Orleans

    Sunk?

    $7.4MM

    $8.5MM

    Other 21 rigs appear ok

    Royal Dutch Shell

    Mars Platform

    Damaged

    $1.0BB

    Produces 220K barrels/day = 15% U.S. Gulf output

    Nobles Energy

    Jim Thompson

    Drifting

    $142MM

    Drifted 17 miles north. No material damage.

    ENSCO

    ENSCO 7500

    Drifting

    $500MM

    Was listing slightly, but no damage.

    ENSCO

    ENSCO 29

    Damaged

    $15MM

    $7.6MM

    "Significant damage."

    Global SantaFe

    Development Driller I

    Listing slightly

    Global SantaFe

    Arctic 1

    Aground near mouth of Mississippi River

    BP

    Thunder Horse

    Stable

    $1BB

    Self-insured

    Valero

    St. Charles Refinery

    Shut-down

    Damaged - No production for 1-2 weeks.

    PEMEX

    PSS Chemul

    Crashed into $70M AL bridge. Destroyed $4M barge.

    Swift Energy

    No damage. Surrounding areas = flooding/damage.

    Newfield

    "A" Platform

    Missing

    Other structures intact.

    Forest Oil

    South Pass 24

    Damaged

    Aerial assessment showed damage.

    Plantation Pipeline No damage. No power though.

    PAA Pipeline

    Mobile Bay Dock

    Loss covered by insurance (subject to deductible).

  2. Declan Curry on BBC news this morning @ about 7:20, let it slip that the US Coast Guard were reporting that there were abourt "20 oil rigs missing" in the Gulf of Mexico.

    If true this is huge! $100 pb any time soon!

    Interesting that one else is saying anything about it. I wonder if it is being hushed up whilst damage limitation messures (such as the US buying up evey drop on petrol on the market!) are put in place.

    Did Declan repeat that little gem later?

    He is just wrong-about half a dozen were adrift, largest of which was owned by Diamond Offshore circa $310m, and are now being recovered by tugs. The implication that 20 rigs just disappeared bermuda Triangle style is just sensationalist rubbish I think...

  3. Yes I would reveal it, if I knew. Since it is bound to be more than one person or organisation, and probably many, I don't think that would result in nasty things happening. While there are intense vested interests around, I do not think it has yet sunk to the level of mafia-style intimidation....or maybe I am under-estimating.

    VP

    It would certainly then sound more credible and less conspiracy theory...

  4. I can see your point, but its now so obvious that the market is falling there is no real bull argument.

    In fact its all a bit boring now, you know its happening and its just a waiting game to see how long it takes.

    Re peoples financial nouse, unfortunately I really do believe most adults in this country haven't got a clue.

    The old "interest rates went to 15% last time there won't be a crash" me "thats interesting why are prices prices falling and the base rate is only 4.5%" conversation. They can't answer it.

    Clueless.

    Not that obvious to most people in my experience...

  5. Oh it so funny to see the bulls STILL ramping it all up. And yes, much of all this ramping over the last 5+ years has been massively ochestrated between the numerous [shady, in the background...] property "developers", "investors", etc. in concert with moneylenders and all PARTICULALRY using PR AGENCIES - THE EXPERTS at manipulating press & media reports AND TV prgrammes, "news Items" etc etc. - ALL TO ONE FOCUS & Message - "PROPERTY IS FAILSAFE" etc. etc. ALWAYS REMEMBER - MOST of what you read in the media and hear/see too -IT IS PUT THERE BY PR AGENCIES: THIS IS THEIR JOB, THIS IS WHY THEY MAKE SO MUCH MONEY!!!!

    Having made a fortune out of duping naive 'investors' in the tech bubble some then went into buying property - ramping the market by issuing so-called independent housing market surveys in the popular press, and making approx 20% per annum - Obviously I can't mention any names, however if you investigate the backgrounds of the main figures who have been ramping property you will discover their backgrounds, and also discover that they are all linked in some way - thus the wonderfully coordinated timing of regular monthly press reports

    A friend of mine (I keep giving him huge grief) is in junior partnership with a guy who has been in the property "game" for 40 years - and I have been watching them play for the past 5-7 years; they have been going right accross the UK buying up all sorts of properties - ALL OVER the UK - renting them out, doing them up, etc etc. - and over the last 10-18 months they have sold ALL OF THEM OFF!! The senior guy has seen it and done it ALL before - and he knew EXACTLY what he was doing - and he has made MILLIONS AND MILLIONS - he is a total expert - he saw the fall coming over 20 months ago, and started off-loading as of then. ALSO: he and other partners in this property "game" have been spending very big amounts on "publicity" & PR - via many PR Agencies - placing vast nunbers of articles, items, tv clips, and even backing at least 2 of the tv property programmes (on the quiet, behind various guises, via "associates"), feeding the entire media machine in all sorts of ways, many quite subtlely, talking the WHOLE thing up and up. Of course those who are half switched on could not have failed to notice the INCREDIBLE saturation of media hype on the property scene,....

    Well guys & girls!!! - It is almost entirely rigged - the whole thing has been ochestrated by the vested interests - and, yes!, you can't deny it - they've achieved their aims -they've "done well" - many many of them - even the thickos like Krusty Allcrap & S Beeny types -- they have ALL made huge amounts of dosh on the back of this... and it is NOT a coincidence that large portions of the media - particulalry the "reporting"/news media have NOT talked property down -look at the BBC Website - it STILL reports things as "normal": WHY??? Because Producers and Editors etc - THEY ALL have fingures in ALL SORTS of pies!!!! You may not believe this - but it is the case.

    Also, v large numbers of MP's - including MANY "New Labourites" - have been using their generous salaries and allowances to buy into the scam too -Large numbers if them own SEVERAL properties, particulalry in London & area - this is a story that I urge any aspiring investigative journalist out there to pursue....

    SO - the REAL PROS out there have known all along that this is a game!!! - and have understood that it is, in effect, a MASSIVE Pyramid Selling Game/Scam -- i.e. Get in at the bottom - and sell out at the top - timing is crucial....

    There is, however, a way the poor FTB's can keep fighting back; the poor FTB's who have been utterly USED by, in particular, their "friendly" banks and mortgage providers to feed this whole scam - by being led into the "dream" [etc.], like lambs to the slaughter - many of them persuaded to buy into the "market" at rip-off prices and feeding the "system" - acting effectively as the fall guys feeding hard earned money at vastly hyped up prices - feeding the rivulets and small streams - into the water supply further down - into streams, small rivers, large rivers,deltas, lakes, etc. etc. gorges, huge oceans etc etc. - which is where the ultimate winners in this "game" clean up at - HERE is where the players of the game clean up - take the money and run.

    FTB's CAN fight back: They need to understand what has been going on - it isn't rocket science anyway!!!! - They simply ALL need to tell each other what is going on -- from college/university/job starter [etc.] levels upwards -- AND ALL REALIZE - THEY HAVE IMMENSE POWER: THEY ARE THE RAINFALL AND DROPLETS AND SMALL RIVULETS!!! THE WHOLE SYSTEM DEPENDS ON THEM!!! AND -- WELL, IT'S SO, SO SIMPLE!!! -- DO NOT BUY INTO THIS SCAM AT ALL: KEEP OUT: BRING IT ALL DOWN..  AND THINGS SHOW NOW - THIS IS REALLY HAPPENING OUT THERE!!!!!

    JUST SAY: "WE WILL ONLY BUY AT THE SAME PRICE AS YOU DID MATE - SO, IF YOU SLASH 60% OFF THAT PRICE - TO NEAR WHAT YOU PAID -- THEN- AND ONLY THEN - WE WILL THINK ABOUT BUYING THAT PROPERTY!!!! ALL FTB's JUST NEED TO TELL THEIR MATES/COLLEGE FRIENDS ETC. - LOOK AT HPC - ALL GET TOGETHER VIA TEXT/EMAIL/THE WEB ETC. - AND SIMPLY LOOK AT WHAT HAS BEEN GOING ON!!!! IT IS A PYRAMID SELLING SCAM!!! THE BIGGEST EVER!!! -- DO NOT ALLOW YOURSELF TO BE LEAD LIKE LAMBS TO THE SLAUGHTER!! JUST SAY NO!!! WE WILL NOT BE RIPPED OFF!

    WHY SHOULD WE PAY £180k WHEN YOU BOUGHT IT 5 YEARS AGO FOR £60k??!!!!!!! NO!! - we MIGHT pay £65k - but that's it !!!!! That's all we are offering - because that is all we can afford - just like it was for you!! After all, Gordon Brown loves to boast how inflation has been a negligible "1-2%"!!! -- Well - that means we may pay a few hundred more that you paid 4 years ago!!! That is ALL it is worth!!!!

    All FTB's out there - get out there and spread the word: You have the power. Use it. Fight back.  REMEMBER: Only pay 3.5 x your salary. No more!! Just stick to this RIGIDLY. The market is falling - it's right on the edge - the VI's are REALLY REALLY scared........

    Eric,

    Just curious, what business are you in?

    S.

  6. Yes, my understanding is that the historic French quarter is on slightly higher ground, and has survived well.  Unfortunately the lower residential suburbs are severely flooded  :o  Almost all of the levees survived, just the one breached; if that hadn't been breached the damage would have been fairly limited.

    A real shame and obviously our thoughts, sympathies are with those who have lost their loved ones, homes and livelihoods.  :(

    I can almost taste the coffee and beignets from the French Quarter coffee stand and I still have some "Osama Burn in Hell" Extra Hot Sauce from the market circa 2002.

    And their local drink is a Hurricane....

    Time I went back!

  7. True,., and realistically I hope they didn't catch me..

    but like all of us I think I got the red mist.. Thought that if I am not to be able to be protected under the law then.. well ..

    thats when my clear thinking went..

    Hope they had no film..

    do they need film...?

    Did they only catch me from the front wher eI had no registration plate.. (bike)

    oh dear..

    anyway.. have you contacted your MP's yet..

    They can help..

    well they could..

    Aren't a lot of the cameras digital nowadays so no film involved?

  8. 050829_flooded_no_hlrg7.hlarge.jpg

    The place is a below-sea-level swamp full of sewage and dead bodies, infested with poisonous snakes, alligators and fire-ants.

    Since the historic tourist areas have been destroyed anyway, why bother to rebuild the city in this vulnerable location?

    Also - there may be several more hurricanes to come this year.

    Not sure the French Quarter (old part of the city) has been the destroyed. the hurricane veered off and hit downtown instead.

    Have you been to New Orleans? I think it a great party town and not swamp like at all (normally!) :rolleyes:

  9. I was proceeding along a local A road, big wide and empty and I saw a police camera van.

    I have always considered that if you are caught for speeding you were not paying enough attention to go that fast anyway.

    so I eased back the throttle and accelerated to just shy of 100 mph.

    Not fast enough for a ban, but fast enough for a ticket and summons.

    You see, I have been trying to persuade the local police force to investigate "income non verified" Mortgage fraud for over two years with no luck.

    I havent even managed to get put through. I have evidence, statistical evidence that I have posted before on here.

    My theory is that if the Police know about this fraud but refuse to take action then they are ignoring a crime that is making them (as home owners) richer.

    I have contacted the Police complaints authority about this and they were not interested.

    Lets see how interested the press might be if I stand in court and say that I am unable to respect the authority of the Police in this matter as they are guilty of profiting from crime by being complicit to a fraud.

    I am guessing I may look like a prat and get a few points and a fine..

    But it should be funny.

    and hell, I am a professional man without debt and I can afford the insurance premiums..

    I am also fed up of trying to buy a home and having to compete with some moron willing to pay a fortune and borrow 9 times their salary..

    :)

    Sadly fraud cases are long, complicated, expensive and have a low conviction rate compared to speeding cases that pay for themselves...the police as revenue generators!

  10. I'm annoyed that this person thinks they have the right to expect aid from other countries!

    Surely thats what the insurance is for? Those who aren't insured can get help from the government. Or how about every American donates a $?

    Or how about they move to a less dangerous area? (not many of those though)

    How much did they donate to the Tsunami appeal? Not as much as us I dare say...

    Yep, perhaps $25billion of possible insurance claims on their way...

  11. Durring a previous thread I posted title "Lie To Buy"

    I took action to begin investigation into the mortgage fraud endemic.

    This was the orriginal thread

    http://www.housepricecrash.co.uk/forum/ind...opic=14247&st=0

    I contacted (via E-mail ) the Serious Fraud Office and recieved a reply.

    I am not meant to release the content of the e-mail I recieved in way of a reply, but as it contains no specific informationa and only their stance I have confered with a legal colleague who said there should be no problem

    This was their response.

    Dear Sir,

    Thank you for your email.

    This is not the type of fraud that the SFO can investigate because it does not meet the acceptance criteria of the office. The Serious Fraud Office

    investigates cases of serious and complex fraud in the UK. There must generally

    be a minimum loss of £1 million, a significant international dimension to the

    case and it must be in the public interest to initiate an investigation using

    public funds.

    It is unlikely that an investigation by any prosecutory body could be initiated

    concerning a problem which is endemic across an entire industry, unless evidence

    of specific examples is provided. Any individual cases should be reported to the

    Police. However long-term change is unlikely to be achieved by a series of

    criminal prosecutions. You should write to your MP suggesting that he raise the

    issue in Parliament, with the intention that a report or Committee into the

    issue should be commissioned.

    Yours faithfully

    The Serious Fraud Office

    The 1 million mark that they quote.

    Beyound a shadow od any doubt that this in monetry terms is the largest amount ever involved in a crime.

    I have replied to push further.

    The MP comment..?

    there is a good draft letter within the content of the thread above.

    Wednesday, 24 August 2005

    Rt Hon Oliver Letwin

    House of Commons

    LONDON

    SW1A 0AA

    LIE TO BUY MORTGAGE FRAUD

    Dear Mr Letwin

    I am writing to ask for your support in bringing an end to serious fraud that is being perpetrated still despite investigations begun by the BBC Money Programme in 20031.

    Figures released by the Council of Mortage Lenders in 2004 show that 1/3rd of all mortgage lending was “income non-verified” and 1/5th of all mortgage debt had never had income verified against the borrowing.

    The FSA conducted a review into the self-certified mortgage market in early 2004 which concluded that lenders had sufficient controls in place against fraud.2 The FSA also issued guidelines to mortgage lenders in February 2004 which included the following information :

    “From Oct 31 2004, lenders will need to comply with the MCOB 11 rules on responsible lending, which will require assessment of ability to repay whatever the LTV ratio.” 3

    Non-verified lending at the end of 2003 amounted to £147bn of outstanding mortgage balances. It is a criminal offence to lie about your income to obtain a mortgage.

    I believe that the practice of turning a blind eye to income verification continues today. I am only able to base this on anecdotal evidence, but I am confident that an analysis of further information would provide supporting evidence of a more substantial kind.

    The income non-verified mortgages figures from lenders and earnings figures from the government statistics office ( that should be modal average earnings, i.e. what most of us earn rather than a national average figure that is swollen by massive salaries very quickly ) would show that current house prices make purchase impossible for many buyers without resorting to lying about their income.

    There’s a lot of debt out there. There are many of us who prefer to play with a straight bat and comply with the law. House purchase has been put out of our reach and that of our families because of the massive scale that fraud has been, and continues to be, carried out in the mortgage market.

    Please can you look into this and let me know your findings.

    Yours sincerely

    (Thanks to struthitsruth for that one.)

    so take action, read this..

    Feel agrieved, read the previous thread and contact your MP.

    Tp find your MP go to

    http://www.parliament.uk/directories/hciolists/alms.cfm

    I am to keep trying to get the serious Fraud office to take action. If you fancy assiting with that do so, your energies may be better spent contacting your MP

    I appologise for spelling and grammar

    You could also try the FSA as you are trying to highlight a potentially huge mis-selling debacle. Its objectives are pasted below and indicate that it might tackle things by looking at the mortgage lenders and loose lending practices:

    Statutory objectives

    Corporate Social Responsibility

    The Financial Services and Markets Act gives us four statutory objectives:

    market confidence: maintaining confidence in the financial system;

    public awareness: promoting public understanding of the financial system;

    consumer protection: securing the appropriate degree of protection for consumers; and

    the reduction of financial crime: reducing the extent to which it is possible for a business to be used for a purpose connected with financial crime.

    These are supported by a set of principles of good regulation which we must have regard to when discharging our functions.

    The objectives also:

    provide political and public accountability. Our annual report contains an assessment of the extent to which we have met these objectives. Scrutiny of the FSA by Parliamentary Committees may focus on how we achieve our objectives;

    govern the way we carry out our general functions e.g. rule-making, giving advice and guidance, and determining our general policy and principles. So, for example, we are under a duty to show how the draft rules we publish relate to our statutory objectives; and

    assist in providing legal accountability. Where we interpret the objectives wrongly, or fail to consider them, we can be challenged in the courts by judicial review.

  12. Durring a previous thread I posted title "Lie To Buy"

    I took action to begin investigation into the mortgage fraud endemic.

    This was the orriginal thread

    http://www.housepricecrash.co.uk/forum/ind...opic=14247&st=0

    I contacted (via E-mail ) the Serious Fraud Office and recieved a reply.

    I am not meant to release the content of the e-mail I recieved in way of a reply, but as it contains no specific informationa and only their stance I have confered with a legal colleague who said there should be no problem

    This was their response.

    Dear Sir,

    Thank you for your email.

    This is not the type of fraud that the SFO can investigate because it does not

    meet the acceptance criteria of the office. The Serious Fraud Office

    investigates cases of serious and complex fraud in the UK. There must generally

    be a minimum loss of £1 million, a significant international dimension to the

    case and it must be in the public interest to initiate an investigation using

    public funds.

    It is unlikely that an investigation by any prosecutory body could be initiated

    concerning a problem which is endemic across an entire industry, unless evidence

    of specific examples is provided. Any individual cases should be reported to the

    Police. However long-term change is unlikely to be achieved by a series of

    criminal prosecutions. You should write to your MP suggesting that he raise the

    issue in Parliament, with the intention that a report or Committee into the

    issue should be commissioned.

    Yours faithfully

    The Serious Fraud Office

    The 1 million mark that they quote.

    Beyound a shadow od any doubt that this in monetry terms is the largest amount ever involved in a crime.

    I have replied to push further.

    The MP comment..?

    there is a good draft letter within the content of the thread above.

    Wednesday, 24 August 2005

    Rt Hon Oliver Letwin

    House of Commons

    LONDON

    SW1A 0AA

    LIE TO BUY MORTGAGE FRAUD

    Dear Mr Letwin

    I am writing to ask for your support in bringing an end to serious fraud that is being perpetrated still despite investigations begun by the BBC Money Programme in 20031.

    Figures released by the Council of Mortage Lenders in 2004 show that 1/3rd of all mortgage lending was “income non-verified” and 1/5th of all mortgage debt had never had income verified against the borrowing.

    The FSA conducted a review into the self-certified mortgage market in early 2004 which concluded that lenders had sufficient controls in place against fraud.2 The FSA also issued guidelines to mortgage lenders in February 2004 which included the following information :

    “From Oct 31 2004, lenders will need to comply with the MCOB 11 rules on responsible lending, which will require assessment of ability to repay whatever the LTV ratio.” 3

    Non-verified lending at the end of 2003 amounted to £147bn of outstanding mortgage balances. It is a criminal offence to lie about your income to obtain a mortgage.

    I believe that the practice of turning a blind eye to income verification continues today. I am only able to base this on anecdotal evidence, but I am confident that an analysis of further information would provide supporting evidence of a more substantial kind.

    The income non-verified mortgages figures from lenders and earnings figures from the government statistics office ( that should be modal average earnings, i.e. what most of us earn rather than a national average figure that is swollen by massive salaries very quickly ) would show that current house prices make purchase impossible for many buyers without resorting to lying about their income.

    There’s a lot of debt out there. There are many of us who prefer to play with a straight bat and comply with the law. House purchase has been put out of our reach and that of our families because of the massive scale that fraud has been, and continues to be, carried out in the mortgage market.

    Please can you look into this and let me know your findings.

    Yours sincerely

    (Thanks to struthitsruth for that one.)

    so take action, read this..

    Feel agrieved, read the previous thread and contact your MP.

    Tp find your MP go to

    http://www.parliament.uk/directories/hciolists/alms.cfm

    I am to keep trying to get the serious Fraud office to take action. If you fancy assiting with that do so, your energies may be better spent contacting your MP

    I appologise for spelling and grammar

    You could copy it to the shadow chancellor George Osborne as well.

  13. It quite simple, static or falling interest rates will keep the housing market buoyant. House prices are driven by sentiment and following the latest interest rate cut consumer confidence has been rising and this has given a boost to the housing market which means that there won't be a crash this year.

    Also, there will be a boost to house prices from early next year because of the traditional Spring bounce.

    However, there is one other factor that will dwarf all the others when it comes to boosting the housing market and that will come from next April when the changes to pension regulations come into force allowing residential property to be included into SIPPS. The effect of this will be phenomenal.

    This should keep the housing market on an even keel for much of next year and beyond.

    Interest rates at zero like Japan in the 90's? That was a pretty interesting housing market, freefall for a decade or more I think....

  14. Can there be many people able to do this?

    If you own a house worth say 300k and have a 150k mortgage - and buy a new house yet can't sell the old one. The new one is on a 100% mortgage - the old one the rent myght cover the mortgage and a bit more.

    Don't know, you'd have to be on bloody good money to do this.

    I doubt most people could do this. He is a very high earner. At some point in the future he may find out that the flat is worth a lot less than if he had dropped his asking price a bit and sold it now. There is also the lack of hassle when you move this way and not being in a chain allows you to negotiate a better deal with the person selling to you potentially. His theory is that if he holds it for long enough, it will regain whatever it loses, which may be right obviously given enough time. If he lost his job he might be in trouble of course because he has an enormous mortgage on the new place but I am hoping that does not happen to him.

    S.

  15. Saw a mate of mine last night who has been trying to sell his flat in Chiswick and buy somewhere bigger in the Chiswick or Acton area. He has all of the problems we have heard about, losing buyers for his place, putting in offers then getting cold feet and withdrawing on places that come to feel overpriced.

    But the interesting bit for me was that he has been pitching offers at a minimum of 20% off asking price. I was curious as to whether he was treated with contempt by the EAs and he said they had all taken him seriously and in fact he had had a couple accepted at this kind of discount, although so far without proceeding. I found that quite heartening as I generally expect EAs to belittle anyone making a "silly" offer, especially round me in North London. Not earthshattering but quite encouraging, to me anyway...

    S. :)

  16. Just been on the phone to a mate of mine in yorkshire, I know him pretty well, was just chatting about what we are doing at the weekend, I told him tomorrow I and the missus are going to view some property's (dont panic not buying, just going for a nosey and gauge sentiment).

    Told him I had seen somewhere I liked with 3 acres of land, but it was still out of reach by 50k, it had however sold.Said I needed prices to fall more yet before I buy.....

    You should have heard the reply .... they're going up like a rollercoaster here mate still, blah blah blah ....... bought this one for 210, four doors down is up for 250 and needs loads doing ...... prices here wil never go down ... there is a protective bubble around here you know blah blah blah .......

    Unreal, yet this is the type that when they do change their mind is a signal for me too enter the market.

    There are 100's of thousands of people like this still, and till we get BBC 1 prime time TV TELLING them that their house is now only worth XYZ will they beleive it.

    The fact that if he had to go out and get on the housing ladder now, he couldn't do it, he'd be able to ~maybe~ afford a horrible little one bed flat somewhere to raise his family, this fact doesn't even enter his head..

    Oh and again this is also the type (joe average) that will sit and claim values to have fallen in a 12 month period, giving the 'crash' effect.

    The fact that by the time they wake up to it its been going on fo yeasr will merely be over looked ....... and I AM looking forward to saying told you so ...especially to him  :lol:

    yep, virtually everyone I talk to about a possible crash has some magical reason why prices won't drop where they are. Very annoying! :angry:

  17. A spokesperson for the maker of Velvet toilet tissue has warned that its UK workforce could bear the brunt of a restructuring set to cost 3,600 jobs.

    "Business is just unravelling," said the spokesperson. "We were flushed

    with success last year, but now our profits are down the sewer.

    We have been struggling to find a niche for our products, some new

    crevice, but it seems we have reached the bottom."

    Svenska Cellulosa employs some 7,000 staff at 30 sites.

    It's a sh$t business-you are best off out of it.

  18. I'm waiting for this.  When the locals can't afford to live in their villages, they might start getting a little upset.

    Whether it's Spain, France or Bulgaria - I'm just waiting for it to kick off.

    I have already read about attacks on British owned property in Brittany by outpriced locals. That said, some greedy local had to sell it to them in the first place. The sellers all want cash laden british buyers...

    S.

  19. I too got an E in Chemistry in 1981, along with an E in Physics and a D in Maths with Stats. Add those to my 6 O levels at grade C and you've got one mediocre student.

    But I ploughed on and got an HND  :)

    It would be easy for me to say "I should have bailed out and become a plumber/electrician/joiner etc" but I got "lucky" and did a government sponsored training scheme and became a COBOL analyst/programmer.

    After 18 years in I.T. I'd had enough and my dissatisfaction coincided with us selling up in London and emigrating to Canada.

    Sad git that I am, I.T. consulting is what I'm doing here. I rationalize it by viewing it as just a means to earn spending money for the weekend (our house is paid for and investment income pays for household expenses).

    I really think I should have tried something different on arrival here but hey-ho, I've got an intelligent wife and two healthy kids, you can't have everything  :)

    C in Chemistry O level 1982 but I did use to smuggle beers into the lessons...actually I am quite surprised I even passed at all.

    S.

    What I haven't got is any thoughts of trying to guide my kids into any particular job/trade etc. I am hardly a role-model  :)  I'll just say "do whatever makes you happy, as long as it's legal (ish) "

    Right now on my desk here I have details about an Electrician Apprenticeship at the local college and a Helicopter Pilot training school brochure.

    When I enquired about the Electrician course, they said I might put off employers because I earned too much doing I.T.

    I.T. - the saviour of all those "average people graduating in the '80's"  :(

    C in Chemistry O level 1982 but I did used to bring beers into the lessons...actually I am quite surprised I passed at all.

    S.

  20. im watching the lunchtime news here, the youngsters are getting the A level results...and what results !!! a million A levels at top grade for everybody...!! 7x A's, 8x A's. OMG everyones a total winner in this country its fantastic. Lets all get degrees everybody. In media. Whatsmore, their parents are stinking rich thanks to house inflation. The kids are all genius level. It cant be better can it ?

    only, nobody has yet told them there are no jobs which will pay enough to buy even a modest 3 bed house for a new family.......despite the 7x A levels and forthcoming expensive degree. its a scam. i can see them screaming in joy and jumping about the common room as the ITV mobile reporter films them live.

    if only they knew how cynical the uk plc views them and their burger flipping little hands.

    they are simply economic meat.

    Yep, last time I was recruiting-about 9mths ago-the graduates in politics, geography and the like from average but not terrible universities were mostly f$ckwits many of whom could not really string a sentence together, had not researched the job and could not give any coherent reasons why they wanted it. Standards are pretty low even for those who appear ok on paper with A grades all the way.

    S.

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