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Tiger Woods?

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  1. Umm...all this implies is that farmhands aren't paid enough either. Having grown up on a farm, I can assure you that they aren't paid enough for the work they do - all so we save a couple of pence on a bag of sugar. And why aren't they paid enough? Because the supermarkets squeeze all the profits out of the farmers. It's just a simple fact that large organisations (i.e. capital) can trample individuals, and there will always be someone willing to work for less than you, because someone is always unemployed and something is better than nothing. People are not paid "what they are worth" to a company, nor even a proportion of it unless they are very highly skilled and irreplacable. People are paid the minimum that the working population will accept. What people are worth to a business and what they will accept to do the work are two very different things that always seem to be conflated by some. Being a postal worker is not the most highly skilled job in the world, but so what?! People deserve to be paid a decent wage and have some security.
  2. Yes, they are asking offshore banks in Jersey etc. to provide details of UK residents' accounts.
  3. Read his book a year or so ago. Was a little disappointed in the quality and strength of his evidence for his thesis. I think he tries too hard to fit the data to a particular definite cycle length and comes up with excuses for the missing crashes etc. However, there are certainly some interesting insights: I'm sure the length of human working lifetimes is important in determining housing and economic cycles though.
  4. Morally - yes. Legally - I have no clue.
  5. Oh yes. They tried this with us about 3 months ago. We just neglected to pay it....and the EA is too disorganised to realise that we didn't pay. Is a bit rich for printing out a standard form if you ask me...
  6. I concur with this poster. It sounds very much like there has been a banding mistake, unless the roof is gold plated. You must instigate these proceedings within 6 months of taking up residence in the building, otherwise it becomes more difficult to get the place rebanded - after 6 months they have to admit some sort of mistake, and it requires someone in the council tax office actually knowing the law rather than the formula.
  7. I haven't but it has been on my "to read list" for some time. I did read the spoof Sokal got published in some lit. journal and a medium length article in some magazine (The New Yorker or similar?) about the controversy in the late 90s. Have always felt that a lot of the post-modern stuff, modern continental philosophy and a huge portion of anthropology is just truly egregious.
  8. Having been a mathematical modeller at a world class university for a large portion of my working life, I can say that I've seen this sort of pseudo-scientific b***s**t all the time and anyone spouting is usually clueless and read one too many popular science book/magazine. It appears I have yet another good reason for having moved my money out of Barclays...
  9. I don't have exact figures, but they are more expensive, and unless they have improved significantly in the last 10 years, absolutely awful devices.
  10. The point is that the Dow isn't much higher than what it was in 2000, but gold has nearly trebled in value over the same period of time.
  11. Gross yield 4% still achievable eh?! Phew. Glad to know it isn't just capital appreciation that makes this such a "worthwhile investment". What sort of moron wouldn't read that line and think it the 13th strike of the clock?
  12. The slope of the red line is skewed by the steep blue curve. If the blue curve dropped so the red line would flatten - the two graphs are far from independent.
  13. In general, inflation punishes savers by reducing the buying power of their savings (as interest rates on savings after tax do not keep up with the inflation), whilst having the opposite effect on debt for more or less the same reason. The problem is that wages tend to lag the inflation, so highly leveraged people get into financial trouble, hence go bankrupt etc. If we have a recession at the same time (is this a necessary corollary) then workers have less bargaining power as jobs are harder to come by and so forth. (But although your savings will be worth less in the strict sense, in terms of the ability to actually get a mortgage at a decent rate they will be invaluable, as banks will require higher percentage deposits, so don't go and blow it all now...) One thing I would say is that if you are 25 you probably feel older and under more pressure to get on with buying a home etc. than you actually are. You have plenty of time to see this crash through to its bitter end and then step in. You are in a great position to time your entry into the housing market sometime over the next 3 to 10 years. I , unfortunately, was a 25 year old junior academic at the bottom of the last crash - and no high street institution would give me a mortgage because I couldn't guarantee employment for 5 years as junior contracts are between 1 and 4 years long. This together with the fact that self certs. were thrown around willy nilly later on and that I will (indirectly) have to pay for this criminally loose credit policy of the last few years really does irritate me to the core though...
  14. I think you'll find he was referring to the eXtreme Programming methodology, not Windoze.
  15. It varies from case to case. For example, in my partner's company people already in the final salary scheme were able to continue in the final salary scheme but had to increase payments and the final pension was based on salary when the scheme was "closed" rather than their final salary sensu salary at retirement. They could freeze benefits on the particular scheme at the time it closed and all future payments go to a new scheme. Worst case would be if all funds were transferred to a completely new non-final salary scheme - though I don't know whether this is legally possible as it would seem to be a serious change in terms and conditions for someone who had been contributing for an extended period of time (any lawyers out there who know what could happen?).
  16. Sure thing. If public sector jobs are paid like private sector jobs (as some of the high level positions seem to these days) then my argument no longer holds. At that point one should expect the same sort of insecurity and lack of perks. However, I doubt very much that your average postal worker is getting 40k...
  17. The way I always viewed these jobs was that you traded a high salary for security and a reasonable pension. The pension IS part of the compensation, and closing it down is unilaterally breaking a "contract" with the employees. I work in the private sector, but have never begrudged people in low paid public jobs their pensions. Closing these down, as has been done in the past 10 years, due to mismanagement at all levels is just plain wrong.
  18. One of the safer options from what I hear.
  19. You do know that it is 100% of the first 2k and 90% of the next 31.7k...and it is NOT guaranteed.
  20. Deezoid, I'd say get as much as they can out now. If the bank went under, they would only get compensation of at most 100% of the first 2k and 90% of the next 31.7k. Now obviously if lots of people withdraw their money the likelihood of it going under increases...but would you want to be one of the dutiful sheep doing the "right thing"?
  21. Ah, I didn't notice that bit in the original post. Somewhat changes things. In that case, I agree, it is a manifest error. Though as a previous poster said it would depend on the exact wording of the contract - e.g. was it an option or a definite. If the latter then they would probably be within their rights; if the former, then I wouldn't be too happy about it. In particular, if it was optional then there should be some time frame within which the tenant is notified of the increase. it was
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