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Posts posted by CrashConnoisseur

  1. Nearer to home, there is the Isle of Man...

    ‘Isle of Man Relationship with the European Union’:

    Under Protocol 3, the Isle of Man is part of the customs territory of the Union. There is free movement of industrial and agricultural goods in trade between the Island and the Union. EU customs legislation and certain legislation relating to the trade in agricultural goods applies directly to the Island by virtue of Protocol 3.

    The Isle of Man neither contributes to, nor receives anything from, the funds of the European Union.

    Any proposal to amend the text of Protocol 3 would require the unanimous approval of all Member States of the EU.

    Apart from the requirements of Protocol 3 all other EU legislation is not directly applicable to the Island. The Isle of Man Government may, however, choose to enact legislation that is similar to, or based on, EU legislation if it believes that this is in the Island’s interests.

    The Island's relationship with the Union allows it to trade with countries in the European Economic Area that are not EU Member States (Iceland, Liechtenstein and Norway) in a fashion generally similar to its trade with the Union itself.

    ‘Who needs a work permit?’:
    Anyone who is not classed as an 'Isle of Man worker' requires a work permit to take up employment, (including self employment), in the Island. There are exemptions for a small number of occupations, and for certain temporary employments. In addition some non EEA nationals who have an immigration employment document do not require permits because they have equivalent permission to work on the Island under Immigration legislation.

    An employer must not employ a person unless he or she is an Isle of Man worker, except in accordance with the above.

    *New* With effect from 1 March 2016, certain employments in Information and Communication Technologies (ICT) and e-business are exempt from the requirement for a work permit.

  2. Some proper comical rules proposed, theres ****** all chance of it working.

    Monthly cashflow accounts, 7 day notice periods, random interviews, everyone who claims must be online every other week, it'll be paid monthly and they are going to test this system in that hotbed of entrepreneurhip, warrington.

    It's Green all witless land.

  3. Its the sort of inane designer 'bells & whistles' that I can see taking off. Designers love endlessly adding shite, they are like the opposite of engineers.

    Negatives: Pointless, Time consuming, Hard to print.

    Positives: None whatsoever.

    "A designer knows he has achieved perfection not when there is nothing left to add, but when there is nothing left to take away." - Antoine de Saint-Exupéry.

    "[the design process] is about designing and prototyping and making. When you separate those, I think the final result suffers." - Sir Jonathan Ive.

  4. Apple spends about $500 million a year on advertising.

    It's risen since the launch of the iPad...

    'Apple's 2009 ad budget: Half a billion' [October 2009]:


    In fact, as a percentage of revenue, Apple has actually been decreasing its ad spending every year for the past eight, from nearly 5% in 2001 to 1.37% today (1.17% if you use non-GAAP revenue). That's less than half the 3.6% of revenue Research in Motion spends advertising BlackBerries.


    'Apple's 2010 ad budget increases by $190 million, but still outpaced by new sales growth' [October 2010]:


    Apple's recently filed SEC 10-K form reports that company spent $691 million on advertising in the year that launched both iPad and the new iPhone 4.

    According to a report by TechCrunch, that's a $190 million increase over the previous fiscal year, when the company spent $501 million on ads.

    Apple's 2009 budget was just $15 million more than in 2008, when it spent $486 million, which in turn was only $19 million more than the $467 million that the company paid in 2007 on advertising during the year that launched the original iPhone.

  5. Just a heads up for what looks like an interesting TV programme.

    Attribution: 'Why our food is making us fat':


    The story begins in 1971. Richard Nixon was facing re-election. The Vietnam war was threatening his popularity at home, but just as big an issue with voters was the soaring cost of food. If Nixon was to survive, he needed food prices to go down, and that required getting a very powerful lobby on board – the farmers. Nixon appointed Earl Butz, an academic from the farming heartland of Indiana, to broker a compromise. Butz, an agriculture expert, had a radical plan that would transform the food we eat, and in doing so, the shape of the human race.
  6. Shopping mall

    I hate that term

    Me too.

    Me too.

    I had to look it up. Thought to come from Pall Mall which was named after a forerunner to croquet. First used for covered arcade in 1967. If used in the first sense it means shaded avenue for promenading and some of Buxton's streets are like that. I have never however heard it used before in that sense only the Americanised 'shopping mall'. Its a shopping arcade, High Street, Shopping Centre (not Center). Keep Britain Angle, Saxons go home.

    It's the OP who called it a mall. Its official name is the 'Spring Gardens Shopping Centre':


  7. 'Apple's iPad plays crucial role in Greece's debt restructuring':


    One-hundred iPads were used to coordinate tens of thousands of bondholders signing off on the restructuring of Greece's debt.

    Bob Apfel of Bondholder Communications Group was tasked with getting roughly 100,000 bondholders from around the globe to sign off on a series of complex restructuring transactions. He told Philip Elmer-Dewitt of Apple 2.0 that he decided to do "something different," and bought 100 iPads to ensure the process went as smoothly as possible.

    The iPads were outfitted with a custom debt restructuring app and provided to representatives from a number of organizations, including the Greek Finance Ministry, the Hellenic Exchange, the Bank of Greece, and the external banks that managed the deal. The goal, Apfel said, was to create a "platform that could follow the financier," as most of the leadership team spent their time on the road, rather than in an office.

    "It was the largest financial transaction in the history of the world," Apfel said, "and we couldn't have done it without the iPad."

    The leadership team finalized the deal and it was closed on April 25. In all, it reduced the Greek debt by $130 billion, from $270 billion to $140 billion.

  8. Because taxing poor people less is never going to work. For one they are too thick to work this out. Far better to tax them more, then invent a complex and intractable system of rebates which we can use to bribe them with.

    It varies with circumstances, but in general Tax Credits are more effective than tax cuts in helping people in low-paid work...

    'Can tax cuts alone make people better off?':



    In short, it is impossible to predict whether a single tax or benefits measure will result in a household being better off or worse off overall, until it is established how that one change will interact with other parts of the tax and benefits system affecting that household's finances. It is also necessary to take account of other concurrent changes in the welfare system.

    While means tested benefits remain based on net income – a situation which is likely to continue under universal credit – and while welfare cuts are being implemented, it is unlikely that tax cuts alone will do much to improve the position of low- to middle-earning households who also claim benefits or tax credits.

    However, on a more positive note, increasing the personal allowance will at least ameliorate the extent to which benefits and tax credits claimants may lose out as a result of other measures in the welfare system.

  9. It started in the 60s with National assistance or Income Supplement..... ;)

    Each government that comes in seems to want to reformulate and rebrand.

    'Working tax credit':



    The WTC replaced the Working Families Tax Credit (WFTC'), which operated from April 1999 until March 2003. The WFTC was itself a transitional system from the earlier benefit for working families known as Family Credit (FC), which had been in operation since 1986.

    The WFTC shared its assessment of means and period of renewal (6 months) with FC but moved towards a tax credit approach styled on schemes in other countries, which used an annual declaration of income to assess entitlement for a whole year. Tax Credits also replaced the child elements in means tested benefits, the Children's Tax Credit in the tax system, and disabled persons tax credit.

  10. The problem with the original story is that statistical correlations are often misleading.

    People don't like living under power lines.

    Thus poorer people are more likely to live under power lines.

    Poorer people generally have less healthy lifestyles, for example, them smoke more.

    You can't tell if the cancer rise is because of the power line or because their parents smoke more. Or because they eat more junk food filled with additives. Or because they have toys made of cheap plastics full of chemicals.

    It would be a poorly constructed study (and unworthy of publication) if it didn't at least attempt to eliminate such confounding variables. The usual methodology for such studies is to compare with a control group that are as near identical to the group under study apart from the one variable being examined.

  11. 'Jacobs falls into administration':


    The Leicester-born bricks-and-mortar camera retailer, Jacobs, has gone into administration. The family firm, which was founded back in 1939, has 19 stores throughout the UK and employs 154 staff.

    Recent tough trading conditions and the ferocious competition coming from web-based suppliers has piled pressure on many traditional photographic retailers.

    The board of Jacobs called in PFK (UK) LLP to handle the company's affairs while it's in administration. Eddie Kerr, a partner at PFK, said: "It's desperately sad to see a family-run business such as Cecil Jacobs encounter problems. The company has a rich heritage and loyal customer base, but this has not been enough to see it through the ongoing economic slowdown.

  12. I think young professional couples (independent of skin colour), are delaying having children, mainly due to the housing situation.

    Whilst young people on benefits (independent of skin colour), (though the vast majority are "white ethnic"), are having loads of them!


    As is usual with your posts, that tells us more about your prejudices (and apparent unwillingness to do even the most basic research) than it does anything about reality.

    'The economic position of large families: A report of research carried out by the Institute for Social and Economic Research on behalf of the Department for Work and Pensions' [2006]:


    Numbers of children

    The number of large families in Britain rose from the end of the Second World War to about 1965, and then fell steeply until about 1980. The number now seems to be stable.

    Only 41⁄2 per cent of all families are large (four or more dependent children). Pakistanis and Bangladeshis have the very highest risk (24 per cent), followed by stepfamilies (9 per cent). As many as half of Pakistani and Bangladeshi families would be large at some time in their parenting period.




    Lone parent families are the third group in the table. Compared to the population as a whole, they are at no increased risk of being large (in fact, as we show below, they are more likely than other family types to have only one child).

  13. The writer seems unaware of housing benefit. He just needs to find a suitable claimant and the government will give him plenty of help with the mortgage.

    The properties are described as "modern" so most likely the asking rent (and mortgage payments) are well above the applicable LHA rate. In any case, ownership of these properties will prevent him claiming means tested benefits for his own living costs.

  14. Seems to be saying that govt spending is going to be rising by a huge amount over the next few years, but reducing as a percentage of gdp.

    If it's reducing as a percentage of GDP then by definition it's not "rising by a huge amount".

    my judgement is that given very little growth and a sound euro, the deficit will actually be about 180bn in 2016 if spending increases as above,

    what do you think?

    I think your judgement is poor.

  15. Perhaps I'm being a bit thick, but I can't see why house prices are mentioned in his plan or in this article. What have they got to do with a proposal to stream NHS treatment?

    Or is that just an extra point the Indie has chucked in to enrage readers even more, one which I've fallen for hook line and sinker.

    I think it's safe to assume that a journalist for a national newspaper knows the correct use of quotation marks.

  16. Anyone know why the UK has not used QE before. Was there not quiet the need for it, never desperate enough or just they would never get away with it?

    Used as in previous dips/recessions.

    I've not looked at the figures, but I expect that broad money supply wasn't contracting as it is today. In this recession, QE is needed to replace the money that's being destroyed as the private sector pays down debts (e.g. net mortgage repayments).

  17. Was reading an article about this, and it seems this is going to replace dole, sickness. Housing benifit. Income support ect. Im thinking this could be a massive hit to btl, as now the people on the dole will shop around for the cheapest rent instead of the maximum allowed. I hope this is how its going to work anyway.

    It isn't going to work like that (if it works at all). Housing Benefit will be calculated as now and limited to a maximum of the actual rent paid. It's the claim process and payments which are being brought into one system.

    The idea that you describe where claimants were incentivised to shop around and negotiate cheaper rents is how Housing Benefit used to work from when the Local Housing Allowance (LHA) was introduced in April 2008. Claimants were allowed to keep up to £15 a week of any saving. The Clueless Coalition stopped that. Claimants no longer have any incentive to look for rents below the LHA rate.

    sounds like a great, sensible, fairer policy all around.

    Having read the proposals my prediction is that Universal Credit will be a huge debacle. Many more people will be dragged into the benefits system, even more will find that they are no better off working, and it will cost far more than the government expect due to a reduction in the non-take up rate.

    'Tax warning for self-employed Cumbrians' [February 2011]:


    Self-employed Cumbrians face a tax bombshell hidden in the coalition Government's changes to the benefits system, a county finance expert has warned.

    Previously, couples with children who run their own businesses could top up their income with tax credits if their taxable profits fell below a certain level.

    But, under new rules in the Government's 'Universal Credit' system, those couples will be deemed automatically to earn the minimum wage, regardless of their real income.

    If they work a 40-hour week, that means the taxman would assume they earn a combined £24,669, dramatically reducing the amount of tax credits they can claim.

    'Welfare Reform Bill: Public Bill Committees, 29 March 2011, 6:00 pm':


    On a separate point, the assumption that anyone who is in self-employment will earn at least the minimum wage for all the hours that they work is an unrealistic assumption. The Low Incomes Tax Reform Group has made the point that the tax credit system works much better than that arrangement would for self-employed people. The tax credit system does not assume a minimum income. It is based on information about actual income. As the hon. Member for Cardiff Central has said, it is often in arrears, but at least it uses a realistic figure. It appears that that is not going to be in the universal credit. I am worried that that will discourage people from moving into self-employment at the exact time when that is the right thing for many people to do. I am concerned that this is one of a growing number of examples of incoherence in Government policy.

    Different Departments are pursuing policies without talking to each other very much, and they are ending up undermining each other as a result. Sometimes, as is the case here, that is happening between different parts of the same Department. Yesterday saw the launch of StartUp Britain, where the Prime Minister encouraged people to start up businesses and promoted entrepreneurship. Indeed, this Department has itself reintroduced the enterprise allowance, designed to encourage people to move into self-employment. However, through universal credit, the Department is also offering what the Low Incomes Tax Reform Group says is a much worse deal for the self-employed than that offered by the tax credit system. The fact that one bit of the Department is discouraging people from entering self-employment while another is encouraging them to do so means that there is, at the very least, a bit of incoherence and the potential for a serious mess.

    We need to get a proper grip on that area and to put in place a coherent policy for supporting self-employment. I hope that the Minister will be able to give us some indication of what the system for calculating universal credit for self-employed people will look like.

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