Aah, paragraph 153a...
I always forget about paragraph 153a. A useful one to have.
So, Bernie has got off a bribery charge by paying a ?... can't really think what word fits there.
Looking forward to reading the biography once he's no longer around.
"Magna Carta - did she die in vain..?"
Thanks to Tony Hancock.
Banks may inevitably "be at it again"...?
Listened to Radio 4 Analysis Monday night, who were looking at the ideas of US economist Hyman Minsky who argued that banks and financial systems go through identifiable cycles before (if left to their own devices) crashing - he coined the phrase "Stability is destabilising", which sums it up neatly.
Programme available at: http://www.bbc.co.uk/programmes/b03yn83s - worth a listen, or Google "Hyman Minsky", for an outline of his ideas.
Largely agree with the pessimistic views above - especially re: jobs / labour market. Suspect all tasks that that can be re-structured and outsourced will be, with only those that have to be performed in location (as noted above - building, plumbing, child and old people care) remaining.
Ah well, "pessimism of the intellect, optimism of the will" as the man said...
Interesting discussion on Government debt
If the books to balanced are those of a government, this website is worth a look for some alternative views to the current 'austerity economics':
Here's a flavour of the article: "The debt of genuinely sovereign governments that issue their own currencies, have properly functioning central banks and full control of monetary policy is not debt in any meaningful sense of the word"
So, if I've got this right:
"..Mountstar, an entity based in the British Virgin Islands whose directors are already well-known to HMRC.."
have claimed Gift Aid on donations, which is a claim that goes to HMRC and is assessed and paid out by HMRC, a process which does not involve the Charity Commission in any way, but somehow it's the Charity Commission which gets all the stick, even to the point of Margaret Hodge of the PAC suggesting it ought to be scrapped and HMRC take over its role...?
And HMRC are such beacons of good practice, of course...
Land - Who Owns Britain?
Kevin Cahill's book "Who Owns Britain" came out in 2001, with the emphasis on the historical, but is still quite interesting and possibly relevant regarding land ownership and building, re: the discussion above.
There is a website, but it doesn't look as though it's been kept up to date.
Land tax - the return of Henry George?
Speaking of the "dismal art of economics" and taxing land, have a look at the entry for Henry George (19th C political economist) in wikipedia.
Guess there is nothing new under the sun...
A world turned upside down, and the Entrepreneurial State
Anyone considering economic growth more globally might find the R4 Business programme by Peter Day interesting:
- though if you've come across 'post-fordism' before some of it will be familiar.
Equally interesting is his discussion with Prof Mariana Mazzucato about her book The Entrepreneurial State, and the role the public sector has played (especially - maybe surprisingly so? - in the USA).
North Sea oil
Just wondering - is there anything preventing the Shetland Isles declaring independence too, and taking their North Sea oil with them..?
Privatise the funeral - it's what she would have wanted
- and as the film director Ken Loach suggested:
Rather hard to argue against that for anyone who really believes in her ideology. A funeral paid for by taxpayers money... outrageous! How more 'dead hand of Stalin' could you be...?