Mates Rates, D'Myth'd

Captain Qahn's picture

From Vlad to Opec it would seem everyone is at it. Fixing a price:

""Russia is ready to accede to joint measures to reduce [oil] production, and is calling on other oil exporters to do so," said Russian President Vladimir Putin. "We support the recent Opec initiative to set production limits," he added. In late afternoon Brent Crude oil was trading up by 2.5% at $53.21 a barrel,  just off the $53.73 high hit earlier on Monday. Speaking at the World Energy Congress in Istanbul, Mr Putin said that oil prices had "more than halved" in two years due to surplus production, provoking a "cycle of decreasing investment".  http://www.bbc.co.uk/news/business-37610287.  Not quite the 'barrel' of laughs some anti-frackers were expecting but hey ho. The UK is going Horizontal:  http://www.bbc.co.uk/news/uk-england-lancashire-37567866, BBC (weirdos, yes they said that /this  "Horizontal fracking can go ahead, the government has said, in a landmark ruling for the UK shale gas industry. Communities Secretary Sajid Javid has approved plans for fracking at Cuadrilla's Preston New Road site at Little Plumpton in Lancashire. Environmentalists and local campaign groups reacted angrily, saying it was a denial of local democracy. It means, for the first time, UK shale rock will be fracked horizontally, which is expected to yield more gas." (trust no one)  Putin always pulls a cracker.  https://www.youtube.com/watch?v=7hAgcXgUFVo

Credit rating gone down hill?  Its quite, multiplexing 4:1? Hi ho, check the standards.  http://www.tradingeconomics.com/united-kingdom/rating

Mind, May's 'Brexit means Brexit'  places the UK in Brexiteer mode. Every man for himself as the falling pound continues to hammer down on the UK economy. Independence has a price, but is it worth paying?

http://www.independent.co.uk/news/business/news/pound-value-sterling-dol...

"Sterling shed more than 4 per cent last week in its worst weekly performance since the EU referendum. It has been easily the worst performing of the G10 group of major currencies versus the dollar this year.... Goldman Sachs said its three-month forecast was for the pound to fall to $1.20, while Rabobank revised down its forecast for sterling after last week’s sharp falls and expects the pound to drop to $1.18 by mid-2017."

As the Euro draws up its bridges Brexiteers have gone from a 'ravishing' to a 'brutal' week : http://www.independent.co.uk/news/business/news/sterlings-punishment-fiv... Equality for all as the Euro takes on the pound ;-)  https://www.poundsterlinglive.com/eur  Oh Dear ... http://www.bbc.co.uk/news/business-37609114 (Yep, tell that to the Man that is picking up the litter six month a year, and unemployed t'other six month, with a mortgage ) Nope am not mistaken: "https://www.poundsterlinglive.com/gbp-live-today/5571-gbp-to-eur-and-usd...

Yep, best stay at home, tis all home grown after all.

As Bilboa Bob aired on the local radio early July, people are afraid to go abroad they might get blown up.... terrorism is good for the UK tourist industry (btw, wot you say and what is heard are often two things, link at YCR still not put up.. ) 

A view shared by one of his flock?  http://www.yorkshirepost.co.uk/news/why-everybody-s-flocking-to-brexit-b... "Sir Gary, chief executive of Welcome to Yorkshire, hailed the “terrific” national figures, adding: “Although we await a breakdown to see how this translates for Yorkshire, anecdotally businesses have told us they’ve had a hugely busy summer. Events like the Tour de Yorkshire have attracted crowds of millions and beamed Yorkshire into homes in 178 countries across the world." 

Write oh, Sunbeam, still, plucking huge numbers from the air seems a tad crude: "Written evidence has been gathered for a parliamentary inquiry into the role of tourism in supporting rural growth in England and a series of hearings will be held next month by the Environment, Food and Rural Affairs (EFRA) Committee. Committee member, Richmond MP Rishi Sunak, said: “I think we are doing a great job in bringing visitors to this country with London and our regional cities like Edinburgh, York and Oxford leading the way.  “But I want to see the British countryside getting a larger slice of this cake. In many parts of rural Britain, including my constituency, tourism is a key, major element of the economy.” https://www.youtube.com/watch?v=FmNscnaz2eU

Meanwhile who needs terrorists when Samsung have their own devices: http://www.bbc.co.uk/news/business-37614770

Ah, so ... litter louts abound  http://www.yorkshirepost.co.uk/news/opinion/andrew-vine-charging-for-car... perhaps a green tax on delivery vehicles would be prudent.  

Boundaries. Mates Rates are not all they are cracked up to be.   Working with what you've got seldom gets you anywhere, though granted tis part of the wheel.  Cogs in wheels, be they your kin, kind or brotherhood of man it is simply the bottom line.

Mates rates are always the bottom line.  That's the nature of the 'game', innit.  

However, never let slip the Top line.  Cos that's the interesting bit.

Ahem: http://fortune.com/2016/10/10/warren-buffett-taxes-trump/

Still, barking up a wrong tree .... a tenner that Trump will walk it...

Beggars belief ? http://www.bbc.co.uk/news/business-37592866 "The letter is signed by leaders of the CBI and manufacturers' body the EEF. It says the way in which the UK leaves the EU and on what terms is critical for jobs and investment in the UK. It says defaulting to trading by World Trade Organisation (WTO) rules would leave 90% of UK goods trade with the EU subject to new tariffs. The letter says that would mean 20% in extra costs for the UK's food and drink industry and 10% for car producers. These significant costs would affect British exporters and importers, as well as those in their supply chains, it adds. "We respect the result of the referendum, but the government must make sure that the terms of the deal to leave ensure stability, prosperity and improved living standards," the groups write." Scripted.

In a nutshell, hard times calls for hard measures... fiend or foe Theresa May is doing an excellent job.

http://www.telegraph.co.uk/news/2016/10/11/revealed-hard-brexit-will-cos... "...Conservative former minister Anna Soubry, a supporter of the Open Britain campaign, said: "The horrific damage of a hard Brexit is clear. Less tax revenue means less to invest in schools and hospitals, lower trade and investment means businesses and jobs at risk." Oops ? http://www.telegraph.co.uk/news/2016/10/11/revealed-hard-brexit-will-cos... "...Treasury coffers will take a £66 billion annual hit if Britain goes for a so-called hard Brexit, Cabinet ministers have been warned...."

Leaked Government papers suggest leaving the single market and switching to World Trade Organisation (WTO) rules would cause GDP to fall by up to 9.5 per cent compared with if the country remained in the European Union.

https://www.youtube.com/watch?v=pkEmwky7zT8

If you want a job doing professionally, on budget, on call and you call the shots .... never employ a mate.

Work harder ... earn less.

https://www.youtube.com/watch?v=RvGeYYUQ1gU

Tickled: http://www.bbc.co.uk/news/uk-37573474

https://www.youtube.com/watch?v=SOBjDWUFvDg

Radios...

More bang for the buck.

 

 

 

 

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8 Comments

Benefitz Betty's picture

Canny Carney & Carillion

http://www.bbc.co.uk/news/business-37652467

"Mark Carney has said that inflation will rise on products such as food because of the fall in the value of the pound.

The governor of the Bank of England made clear that sterling's fall "helps the economy adjust".

However, he said it was "going to get difficult [for those on the lowest incomes] as we move from no inflation to some inflation".

He said that food would be the first to experience price rises.

More broadly, Mr Carney said goods and services would see higher inflation over the next "few years".

"It will show up," he said.

Mr Carney, who was speaking at a public roundtable with charities and other third sector organisations in Nottingham, said it was not the Bank's job to target the value of sterling but that "we are not indifferent to it, it matters to the conduct of monetary policy".

He said the Bank had to "weigh increased inflation against supporting the economy" with low interest rates..."

Meanwhile: -

http://www.bbc.co.uk/news/uk-england-york-north-yorkshire-37655678

"Another bell-ringer has been suspended after speaking out against the sacking of 30 volunteers who peal the bells at York Minster...

Dr John Ridgeway-Wood, who plays the smaller carillion bells, said he was "sad and shocked" by the sacking.

York Minster said: "We don't discuss confidential issues relating to staff and volunteers..."

https://you.38degrees.org.uk/petitions/allow-the-york-minster-bell-ringe...

https://www.youtube.com/watch?v=3fA2Sig7F3c

Benefitz Betty's picture

Work Harder ... Earn Less

http://www.bbc.co.uk/news/science-environment-37982080

Pershing "“Heads of state can and will change but I am confident that we can and we will sustain a durable international effort to counter climate change,” he said."

 

http://www.bbc.co.uk/news/business-37981840

Routing ...  "Joe Rukin, Stop HS2 campaign manager, said ministers were "trying to con the public" that the high-speed line was needed to boost rail capacity."

http://www.thenorthernecho.co.uk/business/14904765.Port_plan____could_de...

Kerching "Free ports, which Mr Sunak said are already popular in the US, are areas that, although inside the geographic boundary of a country, are considered outside the country for customs purposes... “A free ports programme would benefit the North.”"

Oh well:

http://www.bbc.co.uk/news/uk-politics-37983948

foundlings ;-)

Awe bless : http://icl-uk.uk/7reasonstolove-polyhalite/

https://www.youtube.com/watch?v=t5Sd5c4o9UM

Captain Black's picture

Work Harder Earn Less

Unfounded allegations costs Council £ 111.7k

http://www.whitbygazette.co.uk/news/no-confidence-petition-launched-on-t...

"An online petition has been launched calling for a vote of no confidence in Scarborough Borough Council following a series of concerns.

The petition, which has almost 500 signatures states: “We, the undersigned, wish to state that we no longer have confidence in the present council cabinet to manage and maintain services whilst ensuring constitutional and legal processes and procedures are observed and upheld, for and on behalf of the people.”

See https://www.gopetition.com/petitions/a-vote-of-no-confidence-in-scarboro....

(Launched and promoted by Tim Thorne)
 

It comes amid issues including that of the whistleblower Ben Marriott who says he is still waiting for an apology from the authority after settling his wrongful dismissal case.

 

Mr Marriott and the council came to a damages agreement at a hearing in Bradford last week after judges ruled that he had been forced to leave his job after the authority ‘whitewashed’ his complaints about corruption.

Mr Marriott told The Scarborough News that including legal fees and the damages he estimates that pursuing the case against him has cost the council around £250,000.

Mr Marriott, 65, told his bosses in 2014 that council employees were allegedly having work done on their houses by approved council contractors at favourable rates in exchange for taxpayer funded contracts down the road.

At an employment tribunal in Hull earlier this year, three judges led by Humphrey Forrest ruled the council had failed its employee, effectively leaving him with no choice but to resign from his job at Dean Road Depot, and savaged the authority’s handling of the investigation into his complaints."

https://www.youtube.com/watch?v=3yfkZR32fbg

http://www.yorkshirecoastradio.com/news/local-news/2183144/council-to-ap...

"4:17pm 22nd December 2016

"North Yorkshire County Council is to apply for a review of a decision by the Traffic Penalty Tribunal to allow an appeal against penalty charge notices issued under the Scarborough disc zone parking scheme.

On 7 December 2016,the Tribunal, an independent body to which drivers can appeal if they receive a penalty charge notice they believe should not be paid, allowed an appeal against five penalty charge notices relating to the Scarborough scheme.

Following the 7 December adjudication, the County Council maintains the view that the Scarborough scheme complies with the relevant legislation..."

 

 

Captain Black's picture

Leprechaun Economics

"...let me make a different point: GDP is actually the wrong measure. If you’re going to be pulling in foreign capital, you’re going to be paying more investment income to foreigners; so gross national income – income accruing to domestic residents – is going to go up by less. And surely that’s the measure we care about.

In fact, when you bear in mind the reduced taxes  collected on foreign investors who are already here, GNI could actually go down, not up.... Ireland, famously, is a country where GDP vastly exceeds national income, by a growing margin...The reason is a low corporate tax rate, which attracts both real foreign investment in capital-intensive sectors – investment that raises GDP but does little for workers – and also creates an incentive to use transfer pricing to make profits appear in Ireland even though they have nothing much to do with Irish activity."

https://krugman.blogs.nytimes.com/2017/11/08/leprechaun-economics-and-ne...

"That leap in GDP was underpinned by the relocation of €300 billion in capital assets to Ireland by multinationals – mainly in the form of intellectual property.

The massive transfer of assets here came amid a global clampdown on multinational tax avoidance."

https://www.irishtimes.com/business/economy/cso-to-remove-leprechaun-fro...

Paradise Lost.

http://www.telegraph.co.uk/property/buy/forget-shepherd-hut-ultimate-gar...

"But you can’t just park your showman’s wagon in the garden and expect it to prosper..."

Hmmm ...

"The new higher stamp duty rates only apply to additional residential property. The following types of property, and land, are therefore exempt and would not be considered when determing ownership of additional property for stamp duty purposes.

  1. commercial property (such as shops or offices).
  2. agricultural land.
  3. plots of land (even where that land may subsequently be used for residential purposes)
  4. forests.
  5. any other land or property which is not used as a residence.

Mobile homes, caravans and houseboats are not classed as residential so these are also exempt when considering ownership of an additional property."

P6:  https://www.revenue.wi.gov/DOR%20Publications/pb075.pdf

The Golden Ocean. Empire of the Seas.

 

 

Captain Black's picture

Air Compression

http://www.bbc.co.uk/news/science-environment-41945650

"Huge quantities of nitrate chemicals from farm fertilisers are polluting the rocks beneath our feet, a study says.

Researchers at the British Geological Survey say it could have severe global-scale consequences for rivers, water supplies, human health and the economy.

They say the nitrate will be released from the rocks into rivers via springs.

That will cause toxic algal blooms and fish deaths, and will cost industry and consumers billions of pounds a year in extra water treatment..."

http://www.jwnenergy.com/article/2017/10/climeworks-captures-co2-air-tur...

https://www.thegreenage.co.uk/tech/compressed-air-energy-storage/

 

Captain Black's picture

East Coast Anaerobics

http://www.yorkshirepost.co.uk/news/environment/farmer-confident-of-vict...

"The farmer and businessman said he will be seeking the costs of the appeal from the council - and that could cost the taxpayer between £100,000 and £150,000.

The proposals for the plant, which will run on chicken manure and straw, were rejected earlier this year by the council’s planning committee due to detrimental impact on visual amenity.

Six parish councils and more than 300 residents are objecting to the latest application for the plant, which will convert 40,000 tonnes of waste into a methane-rich biogas which will be injected into the National Grid, providing “green energy” for more than 12,000 homes.

Officers are recommending approval, with conditions.

"Mr Bird told The Yorkshire Post, plans for other AD plants had won at appeal “because it is part of Government policy going forward.” He said: “I am not bothered whether it goes through or not. I am in the appeal process any way. If we don’t get it through on Thursday I know for a fact we will get it through at appeal.”

The plant has been designed to be a sealed system and Mr Bird said: “If it smells we are losing money.”

He claimed there had been no complaints from neighbours of other AD plants in East Yorkshire, adding: “People don’t want nuclear, fracking, they don’t want coal - but we have to get power somewhere. If they don’t want wind turbines do they expect us to import all our power from abroad like we do now? We have to because we are not producing enough energy ourselves.”

However chairman of campaign group Communities Against Digester David Gillyon-Powell said the battle was “not over”.

At least 50 protestors are expected to turn up to demonstrate outside the meeting tomorrow at County Hall, Beverley."

The Green Age.

Appetites.

Ne'er mind ...

https://www.theguardian.com/world/2017/nov/14/delhi-smog-fighting-helico...

“If it smells we are losing money.”

Ah, so ... Brexit.

The drawing board.

https://theenergyadvocate.co.uk/2017/11/10/national-grid-opposes-calls-r...