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corevalue

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Everything posted by corevalue

  1. There are adverts around on the radio now threatening nasties for small employers unless they have a workplace pension scheme in place. Even elderly and disabled people have been sent letters threatening fines. http://www.bbc.co.uk/news/business-32935827 Personally, I have a jaundiced view of pensions schemes, they simply aren't worth the money. Once fees and costs have been taken, you're probably better off just salting the money away in a good deposit account (I know I would have been better off). At least you now it's there when the time comes, and after you die, it can be left to your heirs. And what impact is this going to have on very small employers? If I employed just one person, I'd be tempted to fire them and suggest they can come back in as a zero-hours casual worker. I suppose it's governments way of making sure most of our money goes right back into the hands of the city spivs. Really, just a tax, but dressed up differently.
  2. They weren't at war with anyone, why would they have needed nerve gas?
  3. http://www.breitbart.com/big-journalism/2015/05/06/bbc-bans-mens-political-party-from-talking-about-men-or-even-talking-to-them/
  4. But they got back their gold early. Maybe anticipating currency wars? http://www.mining.com/france-wants-its-gold-back-12270/
  5. It was a slave owner's responsibility to look after his slaves. They had to be fed, clothed and housed. The idea that the employer gets free labour without fulfilling any of the labourers needs, puts the labourers at a level lower than slaves.
  6. So if we ban the purchase of sex in the Swedish model, GDP would go down as a result? Does an increase in prisoners guilty of sex crimes add to GDP? I'm getting mixed messages here.
  7. Would you like you have an alternative source of power, however intermittent, ready for the time that fossil fuels become ludicrously expensive? Perhaps you'd prefer the dark ages instead. Nuclear takes decades to roll out, and is a high-risk option (see Fukushima).
  8. Wasting your breath (or keyboard fingers) Campervanman. The bigots you are arguing with come from the "victim" generation. Go figure....it's ALWAYS someone else's fault.
  9. Peter Sissons view of the BBC, climate change and PC http://inquiringminds.cc/the-bbc-became-a-propaganda-machine-for-climate-change-zealots-says-peter-sissons%E2%80%A6-and-i-was-treated-as-a-lunatic-for-daring-to-dissent It amuses me to see how Snowflux confuses computer modelling with science. It becomes absurd when none of the models have predicted the trend over the last 17 years and counting, all showing higher.
  10. I found it on Googleearth. It's an excavated cellar, the house (bungalow) was built on the side of the "bank" which is the high land above the fen the road is built on, usually a "rodden" or old river course, underlain with alluvium, so as the peat shrank, the road became elevated above it. The original front door was where the small upper window now is. The neighbouring house's garden is a couple of meters above you! The other side is a plot with a "sold" sign outside, it looks like the land belonged to an old mill/agricultural building at the rear. The new house in the EA pictures is probably on that plot. A very obvious abandoned project.
  11. Why does my url bar show me I'm downloading data from twitter when i refresh a HPC page. Anyone else notice this? I don't do twatter.
  12. My sons, after help, both managed to secure over 40% deposits, and paid nowhere near 500K. They did not care to over-extend, and I certainly wasn't going to let them risk their futures. As a consequence, their current repayments are far less difficult to manage than mine was....until (or if) interest rates rise. Their houses are modest, typical modern estate jobs. I don't understand your point about the "benefit" of a house having a paper value way in excess of it's real worth. It may give those living in larger residences a windfall if they sell up, but you should realise that the vast majority of people in this country live in the 2 bed + boxroom semi, or modest Victorian terraces, not much chance of downsizing. On the other hand, people lucky enough to have bought even modest houses in London in the early years find the double-bubble of London gives them enough cash to sell up and buy bigger houses in the country, outpricing the locals there, another deleterious consequence of bubble expansion by the banks. You can be assured I didn't buy in London - couldn't afford it then, and certainly couldn't afford to "downsize" and move there now either.
  13. A certain subset of the altruistic 60's generation. Those that started in the top 1%, and by hook or crook, intend to stay there.
  14. I'm not talking about violent street protests. Where are the protest songs, where are the Bob Dylan and John Lennon, Country Joe of today? Where are the debating societies, the rallys? Today's youth anger all seems to be about womyn's rights and what to call Guy Gibson's dog.
  15. No I would not. The young are being lured into a dreadful trap. When (or if) interest rates rise, they will be shafted, meantime, the high purchase price and lower than inflation interest on savings makes it very difficult to save a deposit. New buyers need help, either from the government or from family, did anyone mention equity release on the parent's property? We bought in a high interest rate time, and rates were expected to rise (they did), but the banks were very wary of extending loans to those who couldn't afford them. In terms of salary, I note my son's mortgage repayments are substantially lower than mine used to be as a proportion of his wages. At one point, 75% of my income went to service the mortgage, we simply went without the things he takes for granted, like foreign holidays and eating out. I own my house, I don't care if it's worth £50K or £500K, provided I can sell and buy a similar house for the same money. The actual value is only a problem for those who have outstanding mortgages and the threat of negative equity. If they're boomers, that's probably because they took "equity" release, well, tough luck. It's not theft if the bank asks you to pay off your debts, even if your house is not worth enough to clear them. What I find alarming are the schemes promoted to release equity from the parents property, to help their young buy into a bubble market. If and when the bubble bursts, that's the whole family sunk into debt.
  16. I'm a boomer, and I can assure you all that I do not know of a single peer who thinks high house prices are a good idea. Most of us are boomerang parents, with "kids" in their thirties still living at home. I've had my son and his wife living with me for several years, for example, and crushing two households into where one should be is not easy. Luckily for him, we subsidised his rent, allowing him to save, and boosted his deposit from the BoMAD, and he bought late last year. He hasn't moved yet as the house needs refurbishing, but it's all he could find. Others are not so lucky. I often ask them, when are they going to kick off politically about it? Don't expect my generation to do your fighting. As for the boomers had it easy meme, paying nearly a sixth of the purchase price each year in interest is NOT easy, but those were the days when the bank took your ability to repay seriously. Nowadays, the bank takes the attitude that if you can get the deposit together (including crap government schemes) they will lend you the money to buy: BUT, they own the house until you finish paying. So, a long period when the bank owns the house, and if you default, the bank still owns the house. We've all been shafted.
  17. You're fag-packet calculation assumes dilution. Now look at REAL experimental data to see what happens to the Fukushima ocean releases. http://fvcom.smast.umassd.edu/research_projects/FVCOM_Tsunami/
  18. Absolutely. In fact a genuine homeowner who is trying to live on savings (e.g. pensioners) would be the "victims" of interest rates below inflation.
  19. This is exactly the problem. For years around me, the only houses that got built were the 5-bed executive McMansions, which no local could possibly afford. Now, they want to plant several hundred hutches in the vicinity which would overwhelm the local infrastructure, and of course, owners of said McMansion are not happy, let alone the locals who still won't be able to afford the new houses. Sane planning would have allowed incremental growth which would have been well-integrated into the locality. Now TPTB propose catch-up by ruining the aesthetics completely, rubbishing all those decades of "green-belt" policy.
  20. Not wishing to mix threads, but Chris Fay, the Elm Guest house paedo scandal "whistleblower", was recently found guilty of money laundering for a boiler-room scam. Seems also that Andrea Davison was sentenced, in her absence, at the same time. But it seems that Andrea Davison might be the source of the forged letter in the Savile allegations..... http://annaraccoon.com/2014/01/31/what-happens-if-three-butterflies-flap-their-wings-simultaneously/
  21. The MASH nails it. http://www.thedailymash.co.uk/news/science-technology/country-that-produced-brunel-to-be-partially-submerged-2014020383200
  22. So do I. Managed to work for the same firm as a contractor, whilst it passed through three names changes. ed. which reminds me. What happened to Ferranti, Marconi, Decca, EMI (not the record business), Cossor, Mullard, RCA?
  23. My brother-in-law commissions garment factories throughout the world. Brand-new factory would be built wherever the local government would offer the lowest tax breaks, run for about five years until the machines wore out, or the tax break ended. then the factory would be sold or abandoned, and the next would be built in the new low-cost zone. Labour costs barely came into the equation, but LAND costs did, as the capital has to be raised at the outset against the land, and in a high-interest environment it could be significant. Thus he worked (from memory, and in no particular order) in Malaya, West Indies, Mexico, Africa, Burma, Vietnam, China. In Africa, the corruption was so bad he abandoned the project early, in the other countries he had no problems. He took me to the Malayasian plant one weekend. Very few people working on a weekend, aircon, all the latest CAD equipment, turning out all the well-known high street names, and all the top designer labels. He told me the semiconductor/electronics business was pretty much the same.
  24. I used to work at Nortel as a contractor. My staff colleagues were rounded up and sent on a course "Improving shareholder value". One, a junior manager at the time, came back saying how impressed he was with the course. I replied that if the senior management really wanted to maximise "shareholder value" in the short term, they'd sack all the developers and junior managers, and managers of those managers, and outsource it to a cheaper region, like Eastern Europe or India, and that what he'd just had was propaganda to make him work harder (like the horse in Animal farm) whilst this dastardly deed was carried out. Where are you now, John Roth? http://www.huffingtonpost.ca/2013/01/14/nortel-fraud-trial-not-guilty_n_2471964.html
  25. No problems for you, perhaps, but with the leverage HSBC probably have, that was a bit below the belt for them.
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