Sunday, 31 July 2011
Oh! President Obama!
The current Debt Ceiling business in the USA reminds me of the old “Oh Mr. Porter” song from long ago.
Oh Pres’ Obama!
What shall I do?
I want a bigger deficit,
But now I’m overdue.
Get me back to credit,
As quickly as you can,
So I can make my payments,
To all Afghanistan.
With no apologies to anyone, but my thanks to Marie Lloyd and Will Hay.
The Youtube clip below gives as good a comment on the situation in Washington DC as any other I have seen.
http://www.youtube.com/watch?v=xZfQNvbSPF0&feature=related
Friday, 29 July 2011
Swanning Around
Cyprus is also needing assistance and bail out, although not to the same extent as its larger fellow members of the EU. Nassim Nicholas Taleb’s theory of “Black Swan” events has had a great deal of attention in recent years.
Automatic Earth has an intriguing item on this which suggests that the problems in Cyprus arise from just such an event. It is worth reading for the full explanation of what can happen when you least want or expect it.
http://theautomaticearth.blogspot.com/2011/07/july-28-2011-real-black-real-swan.html
In the meantime closer to home, this blog has suggested already that there are a set of pre-conditions in the leasehold property sector that have the potential to go bad if some unlucky circumstances arises. Naked Capitalism has sounded a warning.
Few seem to be aware that serious issues with one of the major UK operators in this sector have led to the Bank of America owning a number of companies. This has happened because they were security for debts owed to the Bank which could not be met.
Amongst the companies are not only major property management services but a number who own the Freeholds of very many properties. It is interesting to see how the Bank of America deals with property financial issues on its home territory.
http://www.nakedcapitalism.com/2011/07/orwell-watch-banks-put-a-happy-face-on-demolishing-foreclosed-homes.html
So should you see new blocks of flats suddenly being razed to the ground there is a rational explanation. At least, that is, according to the Bank of America and its associated financial agencies. Those stuck with the mortgages, other debts and liabilities that have lost their investment in their home may not see it that way.
Buy shares in demolition firms?
Thursday, 28 July 2011
Falling In The Water
In the South East we have had a long dry spell, the water companies are putting in meters as fast as they can and there is talk of water stress. These are in the very districts where Lord Prescott and his friends wanted to double the number of housing units.
Being a contrarian, this is the time to discuss flood risks, notably in London. There have been programmes in the past that have raised this question. Unluckily, they have been hyped up with raging torrents, tsunami type waves, life rafts on the High Street in Hampstead and huddled masses starving on Shooters Hill.
The reality is likely to be not more than a few inches (sorry, centimetres) gently overflowing the walls and going into all the underground and low level facilities. The overall level might not even be enough to flood The Strand. Even so the damage and disruption would be huge and very costly. It would take months, even years to sort out.
Whenever there is a heavy rainfall at present there are already overflows of the drains into The Thames sending Marylebone’s sewage down to Margate and beyond. There is a project to install a new Big Sewer to deal with it, but this will take some time to complete. Down river where walls and defences end there will be larger problems.
We know what it would take. A season of high tides, a stiff Nor’ Easter and a period of steady, sometimes heavy rain that goes on a lot longer than anticipated. We have seen some bad floods in recent years; it takes only an unlucky combination. The experts tell us that these events only happen statistically at rare intervals. Earth, sadly takes little notice of the long range forecasts.
We are not yet rushing to the Outdoor Activity shop to buy our Sou’ Westers or rehearsing our Tribute Fisherman’s Friends routine, but only guessing what could happen when. If anything, it is more difficult than forecasting the Atlantic Hurricanes. There is enough debate on this year’s Hurricane season to put any shaman off his entrails.
Just out of interest and looking at the tables and patterns, clearly there are several options of “windows” in the next decade and it is possible that none of them will see anything like this. But it is intriguing to play the guessing games. There are dates that are all too possible if one applies the law that if things can go wrong then they will go wrong.
My first date on the list is Spring 2012.
Wednesday, 27 July 2011
Who Am I? What Am I?
At first I thought I knew what I was, a simple honest Scouser. When we removed to another city with different ideas about social cohesion and this form of being was not regarded as desirable so it was time to come up with another identity.
Because of the period and requirements of the military this changed again. My teen thing was cut brutally short, or else. Then there were other places and other lives which have meant some shifts of presentation.
More recently, genes have been discovered. My period as an alien who strayed onto Earth as the result of a galactic error of judgment did not last. I was all too human and the history of the earth tells me that my origins are a lot more complicated than first supposed.
Within the last couple of years I have had to become reconciled to the possibility that long ago there were Neanderthals in the family, never mind what other hominids got into the mix.
Apparently, our government sponsored scientists are playing about with parts of humans and other life forms principally mammals of one sort or another. The worry is that if they are doing it, who else and where else might others with different objectives?
It is now a little late to become something else. But I wonder if I offered my stem cells or other bits to the relevant government sponsored scientists there could be longer term options in another existence?
Some of me, some of a gorilla and some dinosaur DNA mixed in with essence of panther would make an interesting mix.
What would your choice be?
http://www.naturalnews.com/033100_human-animal_hybrids_Planet_of_the_Apes.html
Tuesday, 26 July 2011
Once A Jolly Swagman
The Channel 4 programme on Murdoch’s control over the British polity was an interesting watch, although there were opportunities missed. Perhaps the thumping deep bass doom backing could have been enlivened. The obvious one would have been the 1967 Sandie Shaw hit “Puppet On A String” whenever one or other Prime Ministers came into sight.
Rupert’s performance in the House of Commons reminded me of the contrite apologies of the many Australian barmen who have short changed me in London pubs in the past. Deep sincerity backed with a determination to whack the next punter with a bigger deduction.
What I did not buy in this case was the “Rupe The Dupe” line, an old stager with very many interests who was let down by his trusted relations and assistants. He might have 174 or what journals plus manifold other media interests but some politically and personally were much more critical than others.
Clearly, in the UK and the USA there are a small number of interests that are the key to political influence and with it effective control or veto over policies and proposals. These were exploited to the full and used mercilessly to maintain and extend the Murdoch empire.
In my own experience I have been in organisations with a wide variety of entities in which either to know or to be able to find out fast the detail was critical to function. Given the money he was paying these people and given their work it just does not wash that he could not have known or could not have been told.
It may be that he was too busy shafting the stuck up British, conning the bean counting Americans and avoiding being clobbered by the clever Chinese to keep in touch with those who worked for him. It may be that essentially his organisation is bad, ramshackle and mostly out of control. It may he that he just did not care.
What we are left with is a wrecked constitution that is unworkable, an economy in very bad shape, an energy crisis looming, a celebrity and drug culture that dominates the media and the centralisation of all decisions and influence into a very small location and group of people.
As any Oz miner can tell you, however, in every heap of rubble there might just be a lump of something valuable. In Murdoch’s case it might be that he restrained Blair’s mad dash into Europe and perhaps even allowed Brown to stay out of the Euro. If so, then history might judge him not so much as a villain but as a deeply flawed hero.
John Churchill and Arthur Wellesley both saved us from European domination and both had many faults. But they gained Dukedoms. By the 20th Century such leaders had to settle for Earldoms or in the case of my hero, Field Marshal Alan Brooke, a Viscountcy like Horatio Nelson. Rupert Murdoch currently has a knighthood but there are many who want to strip of that honour.
Perhaps we might settle for a good big statue. Whitehall would be tactless, as would the fourth plinth in Trafalgar Square. Clearly, it could not be along that of President Reagan, despite Rupert’s current American citizenship.
My location would be somewhere on the banks of the Thames, a large statue that could be seen for miles looking over the reach from which many of the early convict transports cast off for Australia and his arm would be raised to point in the compass direction to the East. The dedication on the plinth would be very simple “Keith Rupert Murdoch” with underneath “Once A Jolly Swagman”.
Look at the Wikipedia entry for “Waltzing Matilda” and read the lyrics, there is a distinct poignancy about them.
Monday, 25 July 2011
Coppers In The Change
Around the media and web today there is discussion about whether it would improve the Police to have former senior Army officers brought in for higher ranks because of the nature of their training and experience.
The Army these days has had a large role in providing what amounts to armed policing in various areas of the world as well as combat action. Also, amongst the reasons are that the Army has become expert in modern management techniques.
I regard modern management theory and the way it has been taken from industry and high finance and applied across the board to human activities and services as the Fifth Horseman of the Apocalypse.
A good deal of the debate assumes that for the most part the Army and Police are distinct services with differing ethos, characteristics and functions.
How we forget. Once there were quite opposite ideas and former senior Army officers were often to be found being recruited to the posts of Chief or Deputy in many police services. Or in larger forces at third or fourth tier level.
In the past a lot of police forces were in much smaller local authorities and of limited size. Few of their policemen had much experience other than on the beat and on a basic level. However many of them did have service experience and it was seen as an advantage for them to have a good service record in the Army.
The photograph above is from 1948 and look at the medal ribbons. Some of them had served in the First World War and others in the Second. They knew what they were about and their immediate community. In fact they knew everyone.
I know because I knew them. The community in question was virtually crime free apart from the odd drunks who were shown little mercy. Also, there were no stray dogs.
Quite why I leave for you to work out.
Sunday, 24 July 2011
Goodbye To All That
Because of events, principally the dreadful tragedy in Norway as well as our own issues and the Euro other matters have had less attention in the UK.
One that has been sidelined has been the seemingly interminable cat fights in Congress in Washington DC over the debt ceiling and expenditure commitments.
It would take a very long post to describe how the government of the USA has arrived at this stage and what is involved. It has been developing now for some time as the US House of Representatives and Senate has lurched from one muddled set of compromises to another.
They have given away control of the US Government to the money men. Once we had three powers, the Judiciary, the Legislature and the Administration. Now we have a fourth, the Financial and this has taken control.
The taxes, the revenues, the shape of the economy and the laws and regulation that govern it all will be determined by the Financial. War and Peace will be subject to whatever the Financial will determine.
http://www.nakedcapitalism.com/2011/07/more-shades-of-tarp-latest-deficit-ceiling-plan-to-establish-extra-constitutional-legislative-process.html
Goodbye The Constitution, goodbye Democracy, goodbye America.
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