Category Archives: Finance

Bells of Duty and Death

We have all heard it before, the clarion call, the bells are ringing and of course in 1983 the bells of St Mark were all ringing for Sheila E. So what happens, when you make that one mistake where your moment of non-concentration gets people killed, optionally a lot of people! That is what the Washington Post gives us (at https://www.washingtonpost.com/national-security/2019/03/06/hundreds-immigrant-recruits-risk-death-sentence-after-army-bungles-sensitive-data/?utm_term=.d381e6f9d0ff)

The starter “Army officials inadvertently disclosed sensitive information about hundreds of immigrant recruits from nations such as China and Russia, in a breach that could aid hostile governments in persecuting them or their families, a lawmaker and former U.S. officials said.” is not a soft one. What the never explainable bloody hell is going on? When I see: “A spreadsheet intended for internal coordination among recruiters was accidentally emailed to recruits and contained names, Social Security numbers and enlistment dates. The list was sent out inadvertently at least three times between July 2017 and January 2018.” So over a period of 6 months, we see an optional 50% failure. I can see at least 4 solutions that could have prevented that. The issue of mailing spreadsheets with names is just a joke. If it is sensitive data, we can argue that it might be in a spreadsheet, yet the mailing of sensitive data has always required the need of vetting before pressing send. It is the one time when the military looks more evolved (‘used’ to being the operative term) than the leaking baboons of Wall Street.

So when we see: “more than 900 Chinese Mandarin speakers and dozens of Russian speakers are on the spreadsheet, according to a copy obtained by The Post.” We need to realise that some people are highly overdue for the loss of rank and even worse. It goes a lot further when we consider the quote: “Abhishek Bakshi, an Indian recruit, said he received the list by accident in July 2017 from an Army recruiter in Wisconsin who asked whether he wanted to schedule a security interview. The spreadsheet was disturbing, said Bakshi, whose name is on the list“, this sets the stage where people can be coerced and even blackmailed in several ways. When we also vet “received the list in December 2017, among other documents related to enlistment, after it was forwarded among a chain of recruiting officials“, we see a larger danger when we consider ‘a chain of recruiting officials‘, where we consider not only the validity of the people, the fact that it was a list of people, we need to worry on who they shared their list with. A chain implies the setting of multiple links, each and every one of them weaker than the preceding link.

The dangers actually exceed what the Post gives us. In case of Russian, Pakistani and Chinese setting, it is not out of the question that the acquired names and Social Security numbers can be used to create a trigger database to change the parameters of having a valid life. When those numbers are used to track locations (housing), assets (cars) and even financial gains (educational scholarships) the future of these people could be undone within a year creating all kinds of security hazards, not to mention a financial mess that the victim is unable to undo for months, even years.

It is even worse when we consider the quote: “In 2018 under the Trump administration, the Army began discharging soldiers who had enlisted under the MAVNI program. Most were reportedly not given notice of why they were being discharged, but their citizenship status was jeopardized as a result. Many of them had served honorably in Afghanistan, Iraq and other locations around the world” showing that the United States has no intention of honouring its commitments, as such, when the next escalation comes, how will the US Military solve it? They are unlikely to be ever trusted again. Not only are hundreds in danger of being ‘chased’ out of the US, many of them with a honourable military roll call. the fact that these veterans are shipped out will set a most dangerous precedent down the line, and it does not stop there.

The homeless soldier

The issue that is rearing its ugly head is not new, there is more news now, but this has been going on for a long time, getting a lot of limelight in 2018. As we see (at https://www.military.com/daily-news/2019/03/07/senator-involve-doj-military-housing-scandal.html), we see a dangerous stage with: “The U.S. armed services should consult with the U.S. Department of Justice regarding the conduct of private companies hired to manage military housing“, I see absolutely no issue if the DoJ would start annexing these properties and making them part of the DoJ asset database. When we are confronted with “The contractors, he said, provided substandard, unhealthy and inadequate housing and ignored pleas to repair or service the homes“, I see a stage where it has become the responsibility of Sen. Richard Blumenthal, D-Conn to move towards confiscation of property if a 100% adjustment has not been achieved within 60 days. So when I see: “in February, a survey of more than 14,500 residents of base housing found that 56 percent said they had “negative or very negative experiences” with their houses on military installations. Now we all have issues with housing at times, yet when that impression gets to be a zero positive view for 56% a much larger issue is in play and changes are essential. These soldiers are often underpaid, under-acknowledged and now even below substandard housed, we see the clear need to clean that mess up, annexing housing and removing ownership from these owners has become an essential first. So when we accept: ‘a baby who lived in the home developed pneumonia and later had a stroke‘ we see a clear case of reckless endangerment of life and that can never be accepted, I do agree that the establishment of guilt, as well as the need to ascertain whether the tenants had taken serious steps to diminish risk. In addition to all that these landlords need to be put into a database, the people have a right to know when soldiers get housing that a dog on a junkyard would not accept on a rainy winter day. The final straw is seen with ‘other concerns raised by senators was the relationship between base housing offices and the private management companies‘, in my view it does not matter whether it is a case of corruption or nepotism, it is the direct stage where the fighting force is disabled through greed driven facilitation and that cannot be allowed to exist in any way, shape or form. So when we see Sen. Martha McSally, R-Arizona giving us: ‘the two parties appear to be “in cahoots.”‘ we see an optional prosecutable form of what could be regarded as corruption. It is not always stated to be money that funds the prosecution corruption, enabling economic benefits, facilitation towards non accountability of services and quality are all issues that can be translated into monetary value, making it a larger issue for prosecution and in that case anyone found guilty will (read: should) be stripped of the land titles, the housing and the deeds to these places and placed directly with the Defence department at that stage. In that context there is one part I do not agree with. It is found at the end of the article where we see: “Air Force Chief of Staff David Goldfein said he has lived in base housing for more than 50 years, including his childhood, and he wanted airmen to have safe communities where they don’t have to worry about their children’s health or about retaliation if they complain about the condition of their housing“, from my personal point of view, his actions are well over a decade late (even as we accept that he might not have been in an operational place to act earlier on, his predecessor clearly was).

In this day and age when the military needs to catch up on several fields, the last thing they should ever have to concern themselves with is the fact that their details are spread like wildfire by someone who has no clear regard for proper email and cyber security issues, besides that being in reliable housing is the clear responsibility of their CEO (aka the general of defense housing). It is not important whether your house is Air force blue, Army green or Naval grey, there will be a General, Air Marshall or Admiral in charge of that division and ringing their bell should at this point be the right of every enlisted man that is part of the US defense forces, however I might have oversimplified the matter.

We will have to see what extent Sen. Richard Blumenthal, D-Connecticut is willing to take the baton, if he does not make it to the final stretch, we can consider that the next senatorial elections are in 2020, so either he has a following of a million+ in 2020, or he could optionally consider his next job to be with Uber (yes, I do have a flaky sense of humour).

I personally think that making quick cash at the expense of servicemen needs to be looked at in much harsher ways and it is our duty to expose those who would want to exploit this group for personal gains to a much larger degree than has been done until now. It does not matter what country you are in, we do not merely have a decent responsibility to thank them for their service; we all have a partial a duty of care that they do not have to deal with this kind of shit in any way shape or form ever.

 

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The race by Marvel

Today is the day that many will be able to see Captain Marvel, the marvel version of Superman (extremely oversimplified), for many she is an icon, for those who did not really know her because they were not into comic books, or for any other reason, I can tell you that she is not new. Captain Marvel goes back to December 1967, and now, 51 years and 4 months later, she is made ‘real’ on the big silver screen by Brie Larson. We might think that this is just another movie, but we would be wrong. Captain Marvel has a huge following and more important, she will be instrumental in the movie Avengers: Endgame now 7 weeks from release. The stage is not a small one either. When we consider that not only was Infinity War the 4th most successful movie in history, and even as we see a little pressure release due to the fact that Black Panther ended up with Three Oscar’s, the fact remains that 4 Marvel movies grace the top 10 of most successful movies ever made, representing $6.3 billion dollars in revenue; for Brie Larson it will have a large impact down the track. Even as Captain Marvel 2 has unofficially been confirmed (even before the first one was released, so that is novel by itself), Marvel has seen the gold that the silver screen spins and it is not stopping any day soon. Phase 4 which includes Guardians of the Galaxy 3, Dr Strange 2, Captain Marvel 2, Black Panther 2 as well as an Avengers 5 movie, we see the stage where the new face kicks off with Spider-Man: Far From Home, and the return of ‘Donnie Darko’ (in the form of Jake Gyllenhaal) as Mysterio, who is of all the villains, one of the more colourful ones, so the Spidey fans are already chomping at the bit. The fact that Spider-Man: Into the Spider-Verse is heralded as one of the best animated adaptations of Spiderman ever, a movie that got a 97% rating, which is amazing helps too. We agree that $363 million might not seem much, but when you consider that the movie costed a mere $97 million to make should send the Spidey vibes in the spinal cords of producers Avi Arad, Phil Lord and Chris Miller. A 374% return on investment is not to be taken lightly. The upcoming phase 4 comprises of at least 8 movies and also includes a Black Widow and a movie featuring The Eternals, if we expect that Avengers 5 will be one of these titles, we can expect massive amounts of viewing pleasure between July 5th 2019 and July 29th 2022.

We can clearly see that not only is Marvel on a roll, the kick off that starts today could optionally reward Marvel with additional $4 billion before June 30th 2019, giving them close to $12 billion in total, that is one hell of an achievement for phase 4 to surpass. There is another part that these movies are prepping for. It is my personal view that Dr Strange is at present the best 3D movie made (a personal observation), the adaptation of 3D into the stage of the supernatural was absolute gold and until today no one has surpassed that, and I wonder if Captain Marvel, or Avengers: Endgame will be able to break that record.

For those who grew up with comic books (like me), the 2019-2022 timeline could end up being absolutely marvellous (pun intended). No matter how we slice it, Marvel has achieved the part that its fans dreamt of for centuries. They are showing us movies that are real life comic books, a thought that Avatar hinted at 10 years ago, and Marvel exceeded that expectation by a fair bit. I wonder what else Marvel will throw at us. Consider if you will a really dark approach to Moon Knight, and perhaps full on raw, in your face versions of She-Hulk and Spiderwoman. The dark versions that their comics characters had as a history could revitalise other parts too. I personally found the Marvel ‘darker’ characters way to vanilla. Especially when compared to John Constantine, Batman (legends of the Dark Knight) and huntress.

So what happens, when we combine the stage (all within Marvel), a stage where we see the character Magik (Illyana Nikolievna Rasputina, sister of Colossus, the metallic dude in both DeadPool movies) and Moon Knight in a really dark raw supernatural setting? We have seen a truckload of ‘decent’ series getting loads of attention. So what would be the result when we take a few of those characters, with the directness of a John Wick and really go to town?

Not some vanilla edition of Emma Frost (still appealing though), but a version where Auntie Amy cannot be found, because she was part of diner. We have seen that series like Trueblood, Vampire Diaries, Spartacus and Game of Thrones have clearly shown that we are more than ready for the darker and direct editions; we want to see that darkness. John Wick is now in the third installment of raw and direct violence, Game of thrones is starting season 8 with all the bloodshed (and saucy nudity). Marvel implied having such people in several cases (read: Comic Books), but was clearly geared towards an almost adult population (14-17 years old). We see that the elements are all there and several characters could deliver a much darker version on Netflix or the big screen. As we see that there are billions to gain, will Marvel take that step too?

I reckon that they need to consider their options, yet there is still DC and optionally a few others (like Top Cow). This will almost literally be first come, first on optionally most gains. Time will tell who made the jump. Marvel has the characters (a truckload) and the opportunity; will they however make that jump, or make it too late?

#where is Auntie Amy?

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In support of others

Sometimes we have to put our own differences aside and stand with others. There is absolutely no chance that this will not happen to you. At some point, you will go in the ‘damn the torpedo’s’ direction and give support to those who fight the good cause. This is where I found myself when I was confronted with ‘Anti-vaxx ‘mobs’: doctors face harassment campaigns on Facebook‘ (at https://www.theguardian.com/technology/2019/feb/27/facebook-anti-vaxx-harassment-campaigns-doctors-fight-back). First of all, there is no way anyone could support trolling, no matter what the cause is, and in the second degree there is the need to stand up for the issue at hand, it is our health and those of our children, it is important to make a stand.

Now we get to a side that is important. I am in favour of vaccination to a degree, I fully support children vaccination. I also support the bill to eliminate personal and philosophical exemptions for childhood vaccinations. I saw it in the Netherlands, the place where for religious reasons vaccinations were rejected, that place is where there was an outbreak of whooping cough, not something you want a child to experience ever. Other places we see the renewed introduction of measles. All issue that could have been prevented. As such I support that side of vaccination. So when we are introduced to the naturopath Elias Kass, his statements at the Senate committee and five days after his brief testimony, he had compiled a photo gallery with hundreds of screenshots of abusive comments, largely through anti-vaxx Facebook pages. It becomes worse, when we see the quote “an online ecosystem rife with anti-vaccine misinformation, thanks in part to Facebook’s recommendation algorithms and targeted advertising” we see how complete the failure of Facebook is at present. We also see the accusation of “partially instigated by Larry Cook and Erin Elizabeth, two anti-vaccine activists who have built large Facebook platforms“, it comes with the added statement “Cook has gained notoriety as a full-time anti-vaxxer who has raised nearly $80,000 on GoFundMe to pay for fear-mongering anti-vaccine Facebook ads which he targets at mothers. His Facebook page, Stop Mandatory Vaccinations (SMV), has about 130,000 followers, while the related closed SMV Facebook group has more than 150,000 members“. A system that sets close to 250,000 guns aimed at a single target and that is an issue that needs to be addressed.

There are two sides to nearly every story, yet the danger of not vaccinating is just too high to contemplate. People are directed through lies and these anti-vaxx people start it with ‘Vaccines are dangerous and unnecessary for vibrant health‘ (at http://www.stopmandatoryvaccination.com/), A small part is seen when we consider a source: “Measles is one of the leading vaccine-preventable disease causes of death. In 1980, 2.6 million people died of it, and in 1990, 545,000 died; by 2014, global vaccination programs had reduced the number of deaths from measles to 73,000“, it is worse when we consider ‘Measles Elimination in the United States‘ (The Journal of Infectious Diseases, Volume 189, Issue Supplement_1, 1 May 2004, Pages S1–S3). Here we see two parts that are a direct setting. In the WW1 era we get “an average of 5300 measles-related deaths during 1912–1916 (26 deaths/ 1000 reported cases)“, 2.6% of the population would dies of the disease and those were the lucky ones. The rest was rewarded with extras, an average of 150,000 patients had respiratory complications and 4000 patients had encephalitis each year. An estimated 48,000 persons with measles being hospitalized every year, and that is merely the US, in Europe that number would be higher. So when the website gives us: ‘Vaccine Free Living: The Unvaccinated Are Not A Problem‘, we see what I consider to be a lie, the non-vaccinated are the problem, plain and simple, as we see the ‘return’ measles, polio and other diseases, the claim that unvaccinated are not the problem is pretty much blown away. In the Netherlands there was a resurgence of polio in the Bible belt area (no vaccinations through religious convictions) and the impact was huge, 71 people ended up with polio, 71 people confronted with the risk of paralyses. And in the end only 10 recovered, two died and the others ended with paralyses, 59 sitting mostly in a chair not able to move, so parents need to consider the real sources and those who are merely claiming to know the truth. I am not telling you to trust or believe me. I am telling you to go to an educated person, your GP, or an actual a medical professional. The fact that in the last outbreak only 14% recovered from the disease, only 14%, the rest ended up in a bad place, we see that vaccination was essential and there are more diseases where this is the case. And that does not exempt the 14% group, they will optionally face complications down the time track.

When we see the numbers and the statistics on the impact of these diseases, the position of Elias Kass makes perfect sense as does the bill to remove philosophical objection. When we consider the associated press last week with: “Of the 63 cases confirmed in Clark County, 55 were not immunized against measles, immunization status couldn’t be verified for six cases, and two cases involved a child who had received only a single dose of the MMR vaccine“, we see a direct danger when we consider the impact as it was, when the measles get a revitalisation through stupidity, we need to take another look at the site, and we need to set the stage where we can hold Larry Cook, Kelly Galagher and Julianna Pearce financially accountable for the inflicted damage they catered for. In this case ‘freedom of speech’ should not apply, not when it endangers the lives of children; that needs to be a first. Larry might be standing there with a big smile, but he is not laughing. Another blog (at https://www.patheos.com/blogs/withoutacrystalball/2019/02/larry-cook-scared-his-financial-misdeeds-will-be-exposed/) gives us a few points. The piece refers to a piece with a journalist who took an investigation on the money trail. The blog gives us: “Cook told the group he knows the article will paint him in a very negative light. His assumption is probably accurate given his shady background of soliciting money from his followers“, whilst his open response (on that page) includes “She made it seem like it is illegal to earn money online in any way, shape or form” here we see the issue, as he is not denying that he was making money, yet is he an educated and graduated medical professional? He is allegedly making money on the backs of gullible people, in addition, it is a path that endangers the lives of children and that is where parents need to wake up and get the right information, from the right people, not some activist, not a blogger (me), but from a trained medical practitioner.

And the blog gives another part. With: “Two weeks ago Cook opened a new GoFundMe campaign titled “Save Vaccine Exemptions in the USA.” He started the campaign due to the growing pressure in Washington to stop personal exemptions for vaccines. Initially, he said the money would help the parents affected in the area, but he decided to change the fundraiser days later to support the ‘nation.’“, the setting of a changed formation of funding gathering is one that is debatable even under the most positive views.

And Facebook is facilitating this dangerous path; indeed, it is possible that Google facilitates this as well as most video’s use YouTube to get as wide an audience as possible.

We have to be in support of others at times, and when the debate on the actions are optionally endangering children, those who supported that path need to be put into the limelight and the world needs to be made aware that their efforts endangered the lives of children, it is the only way to get the truth out. This was never about some finger pointing at pharmaceutical industries, I know, because when I was inoculated (the first post WW2 generation) I saw the impact, I was almost never ever sick, I avoided the diseases that plagued some, but I remained healthy, and in those days pharmaceutical industries did not have political power, not to the degree they have today. Perhaps I was lucky, perhaps not. I only know that the child vaccinations were effective, when we see that the 50’s had 542.000 cases reported, and we now see that this number has been diminished to 0.1%, we see that the vaccination was a success and vaccination was essential to get there. To have a disease that covered 1% of the population and diminish it to 1 per 100,000, we know that vaccination was the only way to get there. The same for polio, where it once ruled the lives of half a million cases to a mere 22 reported cases in 2017, we need to see another side. As the anti-vaxx people are so intent on blaming greed driven pharmaceutical industries (not entirely unwarranted), we see that the inventor of the polio vaccine Jonas Salk did not make a penny out of it, he never patented it and gave the cure away, the act of something that would have made him richer than Bill Gates and Larry Ellison combined, his act instigated the option to truly eradicate a debilitating disease from this world.

And all this comes with a second side as well, can we allow for the freedom of speech to continue when it endangers the lives of children, more important, when a non-medical professional makes claims that pushes mothers to endanger the lives of their children, is it freedom of speech or would it optionally be negligent homicide?

 

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Awareness west of India

Awareness is a first need for anyone, there is no exception to this; a person looking for a job or a person seeking to sell a product, or a terrorist organisation. Without awareness they are all equally in the shadows, unknown and disregarded at the spot. So when we were alerted to yesterday’s airstrike by the Indian Air force on Jaish-e-Mohammed, most people had the response: ‘You who now?‘ The group which translates to ‘The Army of Muhammad’ is a terrorist organisation that operates out of Kashmir. Their goal is to relocate Kashmir from India into Pakistan and as such, it would cause great friction with India even under the most docile conditions. It is Al Jazeera, who less than a day ago reports ‘India foreign secretary says jets hit Jaish-e-Mohammed camp in Pakistan, but Islamabad denies casualties in air raids‘, which is now also a much larger escalation in creating a more direct conflict between Pakistan and India. We also get: “Pakistan reported the Indian airspace incursion, with military spokesman Major General Asif Ghafoor saying its air force jets were scrambling to respond, forcing the Indian aircraft to “release their payload in haste while escaping“, I found the term ‘in haste while escaping’, that is no jest, even as the Pakistani air force is merely half the size of the Indian one, the insider gossip is that this Pakistani air force is more than able to deal with the IAF even as it is twice the size, so we could consider that the Indian act, whilst being optionally essential was not the tactically clever. Consider that the act was against a target that was less than 60 Km across the border finding another solution would have been a much better act. This is speculation as I have no terrain intelligence at my disposal, yet hitting a target that is optionally around 225 Km from Islamabad, where one of the more alert airports is was definitely not a great idea, so the ‘in haste whilst escaping‘ becomes pretty much the ruling for India at that point. This does not invalidate the attack on Jaish-e-Mohammed, it merely becomes tactically questionable. Of course there are other considerations, how does the Kashmir population feel about joining Pakistan, because that also impacts the tactical choices available. Any planned attack on Jaish-e-Mohammed from closer to the border whilst that population is loudly singing

Count 1 to 10 in a MIG on high

You go hide, and they come fly!

Better prepare, make a stinger rage in flight

(Source: adapted nursery rhyme)

At that point, we can agree that there are not that many options, especially in remote areas. Yet there is another side, and that is on Pakistan at present. After we have seen that they sheltered Osama Bin Laden only two miles from their military academy, they need to lash out stronger against terrorist organisation operating from their territory. We can agree that Pakistan is too large to keep properly in check with military against extremists, but this escalation could have larger repercussions and in this day and age as Pakistan’s economy is in dire needs of international investment. That setting alone will not go anywhere when operations like Jaish-e-Mohammed pretty much have the lay of the land. Now, be aware that is me not speaking out in favour or against the need of Kashmir that is for the people of Kashmir. I am however of the mind that it is not up to Jaish-e-Mohammed to decide either. The anti-feelings between India and Pakistan have been around long before the Mahatma accepted the separation, it is a setting that might never be resolved, yet in all this a much larger issue plays and I am painfully aware I do not have the wisdom on how to feel (as well as a massive lack of data intelligence on the area and the subject matter), yet the escalation as the IAF pushed for is up for debate. Even now we see ‘It was a non-military, pre-empted action targeted at terrorist activity‘, yet how exactly was that place bombed? So when we are also given: “In an early morning attack on Tuesday, the Indian Air Force Mirage 2000 jets crossed 50 miles undetected into Pakistan and hit Balakot“, my question towards Indian Foreign secretary Vijay Gokhale would be: “Who were the civilians flying the borrowed Mirage 2000 Jets and can I please borrow one? I have always wanted to get my flight wings on that fabulous French jet!” Perhaps the foreign secretary could limit the BS regarding a ‘non-military’ action when it requires the high end Mirage to get there, clearly a non-civilian form of transportation (a crazy assumption from my side). We all agree that actions against terrorists are essential, we all know that rules will be broken under these conditions, yet the essential need and then reflect on the term ‘non-military’ is too much of a stretch.

In addition, when less than 10 hours ago, the news (at https://www.businesstimes.com.sg/government-economy/eu-urges-maximum-restraint-from-india-pakistan-after-air-strike) give us: ‘EU urges ‘maximum restraint’ from India, Pakistan after air strike‘, it needs to be stated that the EU needs to grow a spine and stop being a paperback, a bad one at that. We either accept actions against terrorist organisations, even if they operate from deep within Pakistan. When I see the bloated “exercise “maximum restraint” after Indian warplanes attacked a militant camp in Pakistan, sending tensions soaring between the nuclear-armed arch-rivals” in light of the fact that it was an attack on a terrorist group, and in the second when Pakistan claims “insisting there was no damage or casualties” we see that both sides are to some degree in denial and the comments from limelight seeker Maja Kocijancic are just a little to hypocrite. We understand that the EU is in denial of terrorist activities all over the board and keeps on facilitating for Turkey and Iran for too many reasons, most merely for those trying to instigate another gravy train in the EU, others to keep their desolate economy from completely collapsing, in that day and age as we see the actions of Iran facilitating for the Houthi and Hezbollah forces, the entire matter as well as the call by Maja Kocijancic becomes increasingly distasteful.

That being said, Pakistan is not without blame, finding a common ground with India to take Jaish-e-Mohammed out of their jurisprudential domain seems to be an essential first. It is not a solution that JeM is likely to go for, yet at that point enabling the IAF in these actions would set a much larger stage of trust for foreign investors to take Pakistan more and more serious for serious investments, it will enable Pakistan more and better than Jaish-e-Mohammed ever could. You see the more immediate issue is neither, the more immediate issue is the question on where the people of Kashmir want to be. I actually do not know, mainly because the media has kept many in the dark in that regard, or merely quote some politician seeking the limelight (read: Maja Kocijancic) on a call of restraint from ‘nuclear enabled nations‘ (India and Pakistan).

The first issue for Kashmir is to get awareness, it might not give us information that we like, that we accept or information we hope for, but awareness is a first need. For now the awareness is merely limited to terrorist groups acting from within Pakistan and the fact that Indian civilians have access to military jets for hot rodding and cruising through the mountains of Kashmir and Pakistan. Perhaps it is a great day to upgrade Grand Theft Auto 5, to become Grand Theft Jet 6, hot wiring a Mikoyan MiG-35 at Shatalovo airbase and take it for a nice cruise and land it at Stockholm Arlanda (undamaged), would that make for a fun game or what? And it was Indian Foreign secretary Vijay Gokhale who gave us the idea with his ‘non-military, pre-empted action‘, some half-truths really should not be used ever, it complicates matters as we make light and fun of the situation.

So why make fun?

That is the issue when we give light to NDTV who (at https://www.ndtv.com/world-news/15-years-ago-us-took-note-of-jaish-e-mohammeds-terror-training-camp-in-balakot-1999829) gives us “15 Years Ago, US Took Note Of Jaish’s Terror Training Camp In Balakot“. If this can be confirmed, we see the setting where Pakistan allowed a terror training camp was allowed to go on for more than a decade, unopposed and unchallenged. It is one of the reasons why foreign investors will not consider serious investments in Pakistan. We accept that Pakistan is too large to police to the degree it needs to be, but 15 years is just too unacceptable. The quote “The memorandum talks about a Pakistani national Hafez K. Rahman, a Guantanamo Detainee, who was 20 years old and born in Gujrar, Pakistan, who turned out to be a jehadi” is very much at the heart of the matter here. In addition, the quote: “Rahman has admitted to volunteering to fight jihad against the US and its allies, remaining after the events of September 1lth to continue to fight, and receiving training from the Jaish-e-Mohammed (JeM). The JEM espouses Jihad against the US and is directly supported by Al-Qaida, General Miller wrote“, in this light we need to ask a lot more questions form a lot more people, as this is not limited to some Kashmir disagreement, any place that caters and facilitates towards terrorism to a much larger degree is a direct threat to the continuation of Pakistan. Pakistan might seek out to remain in seclusion form world trade, yet they are already learning that Pakistan cannot continue to survive in that way. Pakistan must select a path that gives Pakistan forward momentum and it is clear that JeM training camps cannot cater to that future.

In the end it is up to Pakistan to find a solution that they can live with, the question ultimately becomes, what caters to the continuation of the Muslim State of Pakistan?

If we take three publications, the first being the Business Standard (at https://www.business-standard.com/article/current-affairs/pakistan-s-hamstrung-economy-can-t-weather-a-conflict-with-india-119022700052_1.html), where we see: ‘Pakistan’s hamstrung economy can’t weather a conflict with India‘ with the quote “The country has been facing an ever-rising fiscal deficit, increasing debt and high inflation“, is more than a truth and a half, in addition, the dependence and reliance of the IMF will at some point end, there are multiple sources giving indication that the support to Pakistan must stop, at that point what will be left for Pakistan? The second supports the views. It comes from the Nikkei Asian Review (at https://asia.nikkei.com/Opinion/Pakistan-must-end-damaging-dependency-on-IMF) giving us: ‘After 21 assistance programs in 60 years, time to create sustainable economic growth‘, as well as “the new government is slowly persuading the public that Pakistan will need another International Monetary Fund bailout. At the same time, it has stepped up diplomatic efforts to secure short-term financial support from friendly countries. This approach appears to be bearing fruit. The government recently received $4 billion from Saudi Arabia and the United Arab Emirates, and is expecting a further $2.5 billion loan from China. Such bilateral support may allow Pakistan to seek a much smaller IMF package than expected“, yet behind the partial truth is that the Pakistani government has no way to pay these loans back in the immediate future, whichever path they take, repaying the loans and interest via a road that is twice as long as projected and merely gets settled with new loans under less optimal conditions is all that the Pakistani people have to look forward to. All this whilst the Indian Business Today (at https://www.businesstoday.in/current/economy-politics/pakistan-trying-to-hide-dead-body-of-terrorists-in-balakot-tries-to-debunk-india-claims-source/story/322532.html) gives us: “The Pakistan Army has cordoned off the entire area of Balakot and are clearing away evidence such as dead bodies so that they can deny India’s claims of the latest IAF strike wiping 300 militants in the area, a source has told India Today“, in my legal view, i would change “are clearing away evidence” into “are seemingly clearing away evidence“, for the mere reason that most Indian publications would more likely than not be too biased in this matter. Yet the given accusation, as well as intelligence from multiple sources give rise to the decent reliability of the Indian claim. Yet the article has a gem at the end. With “A sound relationship and cooperation between the two serves the interests of both the countries and peace and stability in South Asia” we see a much larger truth. Both nations could flourish to a much larger degree if they can find a common not to move forward on and both their economies would benefit in finding in such agreements. If only to learn that several players outside these two are too much interested in those two to lack stability to a much larger degree, when they realise that, and look for stable forward momentum would cater to both economies to a much larger degree and that is never a bad setting.

 

 

 

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Our BBC alarm clock

It is Thursday, I just finished a baguette with salami and I was just going over the news (as one does) and I was hit by something stated in the BBC. I was not sure on how to react, but it made me take another look at certain matters. The event was initially about Saudi Arabia and their need for a nuclear reactor, they want to diversify their energy options. The one nation where sunlight would imply the need for large Elon Musk batteries to light Riyadh at night, whilst they get charged by free sunlight during the day, that one element is seen. Yet, they want a nuclear reactor requiring a huge water source to cool the entire matter. OK, that is their choice, and I am fine with it (no one cares what I agree with, I don’t care myself either). Yet the setting changes when I am confronted with two parts. The article (at https://www.bbc.com/news/world-us-canada-47296641) gives a few elements that become debatable in more than one way. So as I am listening to golden oldies like Atom Bomb Baby by The Five Stars (my sense of humour remains in place), as well as Civilization (Bongo Bongo Bongo) by Danny Kaye, songs that matter in this case. The first quote is: “Whistleblowers told the panel it could destabilise the Middle East by boosting nuclear weapons proliferation“, so why whistle blowers? Political impact does not require whistle blowers, there is no guarantee that it would result in destabilisation (it is likely though), and WHY EXACTLY did the BBC ‘hide’ behind the Whistle-blower statement?

The second part in all this is: “Lawmakers have been critical of the plan as it would violate US laws guarding against the transfer of nuclear technology that could be used to support a weapons programme“. So how does that relate to the Iran nuclear accords? America might have left it, but they were in the centre of all this. So, exactly why is there optionally a law against it and seemingly Iran was catered to, to begin with, and is still catered to at present by Europe. At this point everyone needs to sit down and really consider what their political representatives are up to all over the globe, because things are not really adding up at present.

Finally we get: “They also believe giving Saudi Arabia access to nuclear technology would spark a dangerous arms race in the volatile region. But concerns around rival Iran developing nuclear technology are also at play, according to US media“, if that is the case why allow talks with Iran to get it in the first place? And how exactly is ‘according to US media’ a valid response? And exactly who are the players in that US media mess? Does that not worry you?

Then we get the house report, based on whistle-blowers (who exactly?) where we see: “within the US, strong private commercial interests have been pressing aggressively for the transfer of highly sensitive nuclear technology to Saudi Arabia

There is a larger play in this; the issue becomes who exactly are those ‘private commercial interests’? It seems that the media (including the BBC) is all about creating awareness whilst those writers are all about ‘not stepping on any toes’ and in light of the linked term ‘nuclear weapons proliferation‘, yet the BBC does not disappoint. We also get:

The commercial entities mentioned in the report are:

  • IP3 International, a private company led by ex-military officers and security officials that organised a group of US companies to build “dozens of nuclear power plants” in Saudi Arabia
  • ACU Strategic Partners, a nuclear power consultancy led by British-American Alex Copson
  • Colony NorthStar, Mr Barrack’s real estate investment firm
  • Flynn Intel Group, a consultancy and lobby set up by Michael Flynn.

Now we are off to the races! You see, even as IP3 International is visible on their website (at www.ip3international.com) with: ‘A global enterprise to develop sustainable energy and security infrastructure‘, we need to realise that this is a presentation play (everyone is allowed to do that). Sustainable is often used as it more than not can be replaced with renewable energy (which is still not the same), the larger issue is that there is a sizeable debate as it is also an increasing controversy over whether nuclear energy can be considered sustainable energy.

The textbook gives us: “meets the needs of the present without compromising the ability of future generations to meet their own needs“, which is reflected in: Kutscher, C.F.; Milford, J.B.; Kreith, F. (2018). Principles of Sustainable Energy Systems, Third Edition, I believe that IP3 International is revenue driven and one tends to go to the players that can pay their bill, I would see it as an innovative thought to go to Saudi Arabia, if only (according to law) it was not illegal. Yet there is the second stump in all this, you cannot start that conversation with Iran and not optionally refuse to have it with Saudi Arabia. And now the music is still on par with the events in play, because the song at present is ‘Grandma Plays the Numbers’ by Wynonie Harris. It is not a bet and the players are not hedging their bets, the issue becomes Politico (at https://www.politico.eu/article/mohammad-javad-zarif-iran-to-eu-give-us-more-to-preserve-nuclear-deal/), which gives us “On the nuclear deal, from which Trump’s withdrew last year, Zarif said a so-called special purpose vehicle set up by the EU to allow European countries to keep trading with Iran despite U.S. sanctions fell short of what Europeans had promised. In a clear message to European powers, he said domestic support for the deal was fragile — with 51 percent of Iranians in favor, according to an opinion poll“, it is not about the deal, it is to some extent as to where 49% of Iran wants to be as the margin is too close to call an actual win. What is important is where the hardliners stand and what path they want to walk on, it makes all the difference in this.

The other party that draws attention in this is Michael Flynn and his Flynn Intel Group. Even as it is seen as a consultancy group, the issue is optionally seen with “In January 2017, National Security Council staff began to raise concerns that these plans were inappropriate and possibly illegal, and that Flynn had a potentially criminal conflict of interest“, the imperative part is ‘possibly illegal‘, it does not state ‘should be regarded as illegal‘, the difference makes for all the difference here and the fact that this is not clearly stated implies that this is a political push, optionally against Saudi Arabia, and optionally to keep nuclear energy out of the middle east completely. When we realise that the issue changes, it does not merely require Europe to stop any Iran nuclear deal, it gives different levels of rise to the political pressures in play. The fact that we see (source: Ars Technica): “Flynn had decided to adopt IP3’s plan to develop “dozens of nuclear power plants” in Saudi Arabia during the transition while he was still serving as an advisor to IP3. Harvey also said that Barrack would be made a special representative, with credentials equivalent to an ambassador, to guide the plan“, yet the entire matter of ‘there is bi-partisan concern regarding Saudi Arabia’s access to nuclear technology‘, we seem to get a little less informed that this is not about the material itself, it is about upgrading the fuel required to upgrade it to weapons grade, that is the actual turkey in the oven.

And it is at this point that Bing Crosby starts sing Pistol Packin’ Mama. You see, we seem to forget that there are a few ways to upgrade Uranium towards a less acceptable use. It’s like stone washing your jeans (a small reference to alternative ways to upgrade Uranium), when you start looking into the matter, you can find several ways to upgrade the fuel to a boom point. That is where the issue is hiding at and when we go back to the case where people re happy to in like Flynn with Saudi Arabia, we get confronted with a memo that is seemingly linking former NSA Director Keith Alexander, when we look at the sources, there is a lot alleged, implied and not a whole lot valued as evidence (which does not make it true or false). The part that matter is that this is a lot larger and there is not a whole lot of information on the legality of it all (in one way or another).

The mess goes on and even NPR gets involved. We are all treated to: “Let’s take a closer look now at what a transfer of highly sensitive nuclear technology to Saudi Arabia would mean for U.S. national security“, yet how valid is that today? The first nuclear reactor was built in 1942, it is an energy solution that has been in place for almost 77 years. There are now 31 nations that employ nuclear energy, nations that include Armenia, Argentine, Romania, Netherlands, Sweden, Slovakia, the UAE and Switzerland. So how sensitive is that technology? If the technology is up to date (which might be sensitive) does that not also include that the reactors are safer? Should safety not be the largest concern in all this?

Well that is not entirely the story and it is Ars Technical that gives us: ““We remain concerned that the Saudi Government has refused, for many years, to consider any agreement that includes so-called ‘Gold Standard’ requirements against pursuing technologies to enrich uranium and reprocess plutonium-laden spent nuclear fuel,” the senators wrote in their letter to Trump.” that was the part that the BBC did not give us, so even as part of that still needs to be vetted, yet if true, there would be a partial issue, yet in all this we still see that Europe is willing to give it to Iran and as such, should Saudi Arabia not be entitled to that choice too?

When we see the elements in play is it actual about stopping Saudi Arabia getting a nuclear reactor, or is it about stopping a handful of former admirals and generals laying their fingers on $200 billion? In the end whatever happens, the players forget that Russia is eager to serve Saudi Arabia with the 20 nuclear reactors that Saudi Arabia in committed to switch on in under 36 months. It seems to me that the United States or those reporting via the US media are all about removing the US as the larger economic power. That is how I personally would read it, the entire mess has too many angles and too many ‘possibly illegal‘ and ‘concern regarding access to nuclear technology‘, whilst the list of nations with nuclear reactors is already way out of control, and we read this, whilst we know that Russia and China are eager to put their fingers on that much revenue, when you want to buy a car that does at least 250Km, are you going to wait in front of the Ferrari door, or do you accept that Lamborghini and Aston Martin are not second choice cars, they are equally great choices in really fast cars. When we realise that part of the equation, we might consider that the Americans: General (ret.) John M. Keane, U.S. Army, General (ret.) Keith Alexander, U.S. Army, Rear Admiral (ret.) Michael Hewitt, U.S. Navy, Admiral (ret.) Kirkland H. Donald, U.S. Navy, Lieutenant General (ret.) Patrick J. O’Reilly, U.S. Army are not merely Americans, they might be the few true Americans left in that place. We catered to Wall Street for so long, we forget that innovation and had work and proper commercial deals made America great, short selling stock a lot less so, and even as we ‘acknowledge’ that these fine gentleman are still being mentored (or is that insightful advised) by Robert McFarlane, we need to realise that the entire media mess is set in motion for very different reasons. I am not pretending to know the reason, yet those so called whistle-blowers have their own alternative need, I wonder if we ever get the truth on that part of this much larger equation.

 

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Gangsters of tomorrow?

I was alerted to an article regarding ‘Facebook labelled ‘digital gangsters’ by report on fake news‘ on LinkedIn. The article (at https://www.theguardian.com/technology/2019/feb/18/facebook-fake-news-investigation-report-regulation-privacy-law-dcms) is an interesting read, but there are issues (they always are). First of all Facebook is not innocent, Facebook has bungled a few items and they have done so several times, we have all seen that. Yet the report (at https://publications.parliament.uk/pa/cm201719/cmselect/cmcumeds/1791/1791.pdf) has a few issues too and it starts in the summary. It starts with “We have always experienced propaganda and politically-aligned bias, which purports to be news, but this activity has taken on new forms and has been hugely magnified by information technology and the ubiquity of social media. In this environment, people are able to accept and give credence to information that reinforces their views, no matter how distorted or inaccurate, while dismissing content with which they do not agree as ‘fake news’. This has a polarising effect and reduces the common ground on which reasoned debate, based on objective facts, can take place“, the issues here are:

  1. Magnified by information technology and the ubiquity of social media.
  2. People are able to accept and give credence to information that reinforces their views.
  3. Dismissing content with which they do not agree as ‘fake news’.
  4. Reduces the common ground on which reasoned debate, based on objective facts, can take place.

First of all, these are not lies, they are correct as elements. Yet we need to take another look at these issues. In the first the common side of social media is the part that makes all people talk to one another, even as we agree that when it comes to the display of news people do not really tend to talk, they often merely voice an opinion or a thought. Having an actual conversation in mobile distance based events is as rare of finding a £10 in the jeans you just took out of the washing machine. The second is obvious, it always has been so even before the age of social media, and the difference is that they now voice it to thousands of people at the same time, exposing millions of people to millions of voiced views. When it comes to item three, try to find an accepted labour idea in a conservative house of commons and vice versa, debunking each other’s views is a state of active mind and the non-elected get to have a lot more attention than the elected one (a weird logical truth), it has been the clear path of exposure since even before WW2, the fact that the loudest voice gets the room is not new, it is merely the fact that we get to hear twenty thousand loud mouthing opinions. It is number 4 that is the one issue that gives additional rise to the first three. When I search ‘News’ in Facebook I get the BBC, Nine News, ABC News, News.com.au, and several more. Yet the issue is not that they are there, it is what they state is very much the issue and the report is seemingly interestingly ignoring that part.

For News.com.au I get ‘Kate Ritchie smokin’ undies shoot‘ linking to: ‘Nova radio host Kate Ritchie stars in sexy underwear campaign‘, ‘Woolworths to axe $1-a-litre fresh milk but Coles refusing to follow’, and ‘Sailor from World War II kissing photo dies at age 95’, so as ‘news value’ goes, the value of news is very much a discussion a well, these organisation use social media to the max as to increase exposure to self, which is what it is supposed to do, the committee seems to have forgotten that part. The BBC is all about news, even as ’50 Cent: Claims police told to ‘shoot’ rapper investigated’ stands out a bit (it is still news). 9 News gets the attention with: “Human remains have been found during the search for a woman who went missing more than 300km away, with two people in custody over her suspicious disappearance“, it is all about the clicks as the article (on their site) gives us from the beginning “Human remains have been found in Victoria’s east“, the news themselves are exploiting social media to improve circulation (clicks are everything), yet that part is missing in all this. When it comes to ‘fake news’ the media is equally to blame, yet that part was clearly missed by the committee.

And as we see the news “There’s nothing new about personalised number plates, but soon drivers will be able to go a step further and add emojis!“, all this 2 hours ago whilst,

  • Hamas enlists female participation in border riots
  • London social housing block residents warn of ‘death trap’ conditions
  • Terror expert warns Sweden against repatriating Syria jihadists

They are merely three out of a whole range of news items that do not make it to social media. The issue of ‘the common ground on which reasoned debate‘ requires a much wider base and the media is not using social media for that, it makes the media equally to blame, a part that has not been put under the spotlight either. The media uses social media as it is supposed to be used and it seems that the committee is a little too much in the dark there.

On page 10 we get: “In our Interim Report, we disregarded the term ‘fake news’ as it had “taken on a variety of meanings, including a description of any statement that is not liked or agreed with by the reader” and instead recommended the terms ‘misinformation’ and ‘disinformation’. With those terms come “clear guidelines for companies, organisations and the Government to follow” linked with “a shared consistency of meaning across the platforms, which can be used as the basis of regulation and enforcement”.” You see ‘fake news’ is at the heart of the matter and when we see ‘disregarded’, as well as ‘a variety of meanings’ we get the first part that this is about slamming Facebook (always entertaining mind you), yet the media is at the heart of the matter and they too need to be held to account in all this. It is enhanced by statement 16 on the next page: “proliferation of online harms is made more dangerous by focussing specific messages on individuals as a result of ‘micro-targeted messaging’“, it sounds nice until you realise that the media themselves are doing this too, so the overall view gets to be skewed by the media from the start. So consider ‘Start-up founder says employees should only work six-hour days’, whilst in the text we see (amongst more) “Next, we should cut down or get rid of tasks that “don’t add value” such as slashing wasteful meetings in half and switching off distracting notifications. For process-oriented jobs, Mr Glaveski said it was a good idea to automate where possible, and where it wasn’t, the option of outsourcing should be explored“, which largely impedes the existence of places like IBM, Microsoft, and a few other large players. Yet the idea is concept based and the optional loss of 25% income is not expressed as to the stage of who can afford to continue on that premise.

In all this, the media has its own need for micro-targeted messaging, where that ends is not a given and that part does not matter,  it does matter that the message micro and macro is enhanced by the media themselves, yet where is their part mentioned in all that?

When the reports finally makes it to Data use and Data targeting we get: “We have instigated criminal proceedings and referred issues to other regulators and law enforcement agencies as appropriate. And, where we have found no evidence of illegality, we have shared those findings openly. Our investigation uncovered significant issues, negligence and contraventions of the law“, which we wold expect, yet in light of the larger issue where we see: “the use of data analytics for political purposes, which started in May 2017. It states that it “had little idea of what was to come. Eighteen months later, multiple jurisdictions are struggling to retain fundamental democratic principles in the fact of opaque digital technologies”“, I taught it 20 years ago, although not in a political setting, yet the use of data analysis was used in political fields as early as the mid 80’s, so the confusion is a little weird, especially when the footnote linked to the report (at https://ico.org.uk/media/action-weve-taken/2260271/investigation-into-the-use-of-data-analytics-in-political-campaigns-final-20181105.pdf) gives us on page 8: “Particular concerns include the purchasing of marketing lists and lifestyle information from data brokers without sufficient due diligence, a lack of fair processing and the use of third party data analytics companies, with insufficient checks around consent“, the issue not given is that marketing lists have been available for 20 years, laws had the option of being adjusted for well over 15 years, yet the players only realised too late (some never did) how affordable Facebook and other social media players made this route towards creating awareness, as well as using media to adjust a person’s view became a cheap solution for political players that had little or no budget. The paths were there for well over a decade and nothing was done, now Facebook is lashed at whilst the lists of Dunnhumby and like-minded owners (Dutch Airmiles) and several others are ignored to a larger degree, a path that has been open to adjustment for decades. The law could have been adjusted, but no one bothered, now we see the impact and the lashing out at Facebook, whilst the players were clueless to the largest extent, the 2015 evidence seen as we see: ‘dunnhumby: how Tesco destroyed £1.3bn of value in 9 months‘, the initial moment already showed the failing of insight (as I saw the entire Tesco disaster unfold when it happened in 2015), and with:

In haste to ready Dunnhumby for sale, Tesco made two critical errors that left the company unsellable:

First, Tesco terminated its 50/50 joint venture with Kroger, instead restructuring in such a way that Kroger bought out Tesco and formed a new wholly-owned data company called 84.51°. In this new arrangement, Dunnhumby USA retained its other clients and was now free to pursue new business with Kroger competitors, but no lost its access to Kroger’s customer data.

Second, Tesco capped the length of time that Dunnhumby would have exclusive rights to use the data from the 16 million Tesco Clubcard users. As outlined above, Dunnhumby relies on this data not only to derive profits from its partnership with Tesco but also from reselling this data to the manufacturers.

(source: https://digit.hbs.org/submission/dunnhumby-how-tesco-destroyed-1-3bn-of-value-in-9-months/) we see just how clueless the larger players have been and there are additional questions that this committee should be able to answer, yet they cannot and as you can read they decided not to address any of it.

Its members:

  • Damian Collins MP (Conservative, Folkestone and Hythe) (Chair)
  • Clive Efford MP (Labour, Eltham)
  • Julie Elliott MP (Labour, Sunderland Central)
  • Paul Farrelly MP (Labour, Newcastle-under-Lyme)
  • Simon Hart MP (Conservative, Carmarthen West and South Pembrokeshire)
  • Julian Knight MP (Conservative, Solihull)
  • Ian C. Lucas MP (Labour, Wrexham)
  • Brendan O’Hara MP (Scottish National Party, Argyll and Bute)
  • Rebecca Pow MP (Conservative, Taunton Deane)
  • Jo Stevens MP (Labour, Cardiff Central)
  • Giles Watling MP (Conservative, Clacton)

They should also be held to a much higher account, as I personally see this situation. Not that they have done anything wrong officially. Yet the consideration that we see on page 87 where we are treated to: “As we wrote in our Interim Report, digital literacy should be a fourth pillar of education, alongside reading, writing and maths. In its response, the Government did not comment on our recommendation of a social media company levy, to be used, in part, to finance a comprehensive educational framework“, the fact that digital literacy is missing on a global scale is a much larger concern, one that political players on both sides of the isle in the House of Commons seem to have been ignoring to the largest extent. It should be part of primary school education nowadays, yet it is not.

We see supporting evidence in the ‘Impact of social media and screen-use on young people’s health‘ publication. When we read: “In 2017, however, the Children’s Commissioner for England, Anne Longfield, reported that children were “not being equipped with adequate skills to negotiate their lives online” and that they needed help from adults to “develop resilience and the ability to interact critically with the world”“, we see one part, it comes from oral evidence Q566, which gives us the question by Stephen Metcalfe ‘There is a lot of emphasis on preparing children and young people for a digital life—on making them digitally literate. What do you think digital literacy actually means? What are the boundaries? What should we be teaching them, and at what age should we start?‘, the response is “A report I put out earlier this year, “Life in Likes,” which dealt with eight to 12-year-olds, focused heavily on emotional literacy. Schools seem to have done a decent job in looking at safety online. Children will now tell you that you should not put out a photograph of you wearing your uniform. People go to great lengths to trace you. Safety within school has really progressed, but the emotional resilience to be able to deal with it is not there yet. The key age for me is about year six and year seven. Beyond that, it is to do with the mechanics: how it works and algorithms. You do get targeted with stuff. It is not just everyone getting this. There are things coming your way because the machine is set up to work out what interests you. There are things around terms and conditions and knowing what you are signing up to. We did a big piece of work last year with lawyers that reduced and simplified terms and conditions from 17 pages to one. Of course, when people read it and it says, “We own all your stuff and we’ll do what we like with it,” it gets a different response. That is probably not the thing that will make us all turn off, but it might make us think twice about what we are doing.” Longfield gives us a good, yet in this case incorrect (read; incomplete) answer.

From my point of view through the abilities within Facebook we forget that ‘There are things coming your way because the machine is set up to work out what interests you‘, yet the numbers do not add up, you see the bigger issue behind it is that people can buy likes and some do, so the person clicks on something that has 50,000 likes, yet if they knew that 45,000 likes were bought they might not have clicked on it. It becomes the consideration of likes versus engagement. That elementary lack is important. Engagement is everything and in the consideration of item 4 earlier where we saw ‘reasoned debate, based on objective facts‘, we might seem to think that clicks are an objective fact, yet they are not. The amount of people engaged in the conversation is a subjective fact, yet an actual fact, bought clicks are not and that is an important failure in all this. So when we are confronted with upcoming 2% digital services tax, which is merely a cost of doing business, whilst the lack of digital literacy that is spawned from a lack of education is a difference that most are not made aware of.

When we finally get to the Conclusions and recommendations we might focus on: “Social media companies cannot hide behind the claim of being merely a ‘platform’ and maintain that they have no responsibility themselves in regulating the content of their sites. We repeat the recommendation from our Interim Report that a new category of tech company is formulated, which tightens tech companies’ liabilities, and which is not necessarily either a ‘platform’ or a ‘publisher’. This approach would see the tech companies assume legal liability for content identified as harmful after it has been posted by users. We ask the Government to consider this new category of tech company in its forthcoming White Paper” we do see a truth, yet again an incomplete one. The media is equally to blame and not holding them to account, letting them focus on populist views and pressures (apart from the authentic news bringers like the BBC, Washington Post and the Guardian), we are pushed into a skewed view from the very beginning, that part was equally important and avoided throughout the report. For example the Daily Mail gives us ‘amazing footage‘ of ‘Heartwarming moment Syria’s White Helmets rescue two puppies from being crushed to death by rubble after a building was torn apart by heavy shelling‘, yet the news given several hours ago ‘Saudi Arabia has provided more than $13 billion in support to Yemen since 2014‘ never made it did it? The Daily mail was all about on how to not open a beer keg (by making a hole in the side using a spigot and a piece of wood) and ignoring ‘UK-based man charged with inciting attack in Germany‘ (source: Washington Post). So when it comes to the entire matter of social media and their ability of being merely a ‘platform’ (which they are) the accountability of the media as a whole is a much larger failure and the fact that the committee decided to leave that on the side invalidates the report to a much larger degree (not completely though) as I personally see it.

Facebook might not be innocent, yet the media as a whole is just as guilty. They have made the consideration of what is ‘fake news’ a much larger issue. The few that do a good job are filtered into silence by the hundreds of media outlets that do what social media is supposed to do, create awareness of self through promotion of ‘self’ on a granular population, as granular as possible.

The fact that the word ‘engagement‘ is only seen three times in the report, ‘click‘ is only seen twice, ‘filter‘ (like: filtering, filtered) is seen once and so is ‘selected‘, yet the last word is not see in regards to what the user of a social media account chose to observe.

All elements at the very foundation of: ‘Disinformation and ‘fake news’‘, in that light, just how valid is that report and what else are the people not made aware of? So in light of the members of that committee and the amount of money they made (and the costs that they gave the taxpayers) through lunches, travel expenses and all other forms of remunerations: Can we get that back please?

 

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Evolving an infrastructure

The news is all over the place when it comes to Saudi Arabia. Reuters (at https://www.reuters.com/article/us-saudi-defense-naval/saudi-arabia-signs-warship-construction-deal-with-frances-naval-group-idUSKCN1Q60B0), with the headline ‘Saudi Arabia signs warship construction deal with France’s Naval Group‘, then there is Arab News giving us (at http://www.arabnews.com/node/1453471/saudi-arabia) ‘Saudi crown prince oversees $20bn of deals with Pakistan‘, all opportunities lost to the US and Europe (well most of Europe). A lot of it is ‘part of its efforts to develop domestic manufacturing capabilities‘, which they have been very clear about for some time now. All options lost. In part to the circus that Turkey had put in place. Some give us: ‘Turkey Has Not Revealed All About Khashoggi Killing: President Erdogan‘, others give us: ‘Khashoggi’s remains may have been burned in well‘, items like ‘not all revealed‘, ‘may have been‘, as well as a few other implied making statements that leave too much doubt on the matter. The fact that Turkey apparently has not revealed all implies orchestration. As the lackey of Iran it makes perfect sense, the fact that the media has been skating around that issue for months now does not. The fact that Turkey is trying to push the US, whilst they should have revealed all the facts and evidence is a much larger issue.

Let’s be clear, I am not stating that Saudi Arabia is innocent (because I cannot tell), I am not stating that nothing happened (something happened that is clear, what exactly happened is another matter), I am merely claiming that there are too many issues in all this from the very beginning. When it comes to the media, we see close to 18 million placements on ‘Kim Kardashian’ and ‘boobs’, we see 889,000 placements on ‘Jamal Khashoggi’ and ‘tapes’, yet how many made a critical analyses on the tapes? We see mention in papers on: “a man alleged to be Maher Mutreb, the suspected coordinator of the mission who worked for some time in the kingdom’s embassy in London, is quoted as replying to the Washington Post columnist“, we see ‘alleged’, so how were the tapes critically analysed? We also see: “The report adds that a later recording captures another “hitman”, Mustafa al-Madani, who was used as a body double to Khashoggi, saying: “It’s really creepy that I am wearing the clothes of someone who was killed minutes ago.”” as we see ‘a later recording’ should that not be one and the same recording? Then there is ‘transcript of a tape recording’, the fact that it is stated to be ‘a recording’ not ‘the recording’ is also mind for analyses and that list goes on.

We see claims by a Kardashian getting numerous cross references, with Khashoggi there is a consistent stream of doubts and debatable issues. As I stated, I am not saying nothing happened, I am merely wondering what actually happened. The fact that Turkey goes crying to USA to put pressure on Saudi Arabia merely gives more and more debate and debatable doubt to the entire setting. We also see the mention at the UN of “The Special Rapporteur travelled to Ankara and Istanbul with British Baroness Helena Kennedy, a forensics expert who sits in the House of Lords, and homicide investigator Paul Johnston“, yet in the BBC we see: “Evidence suggests the murder of Jamal Khashoggi was planned at the highest level, Baroness Helena Kennedy says“, yet here the BBC states ‘evidence suggests’, which is something different from ‘Evidence shows beyond reasonable doubt’ and for the most that should initially suffice if the stakes were not too high for comfort. In the UK the Press Gazette gives us: “After an initial examination of the evidence, Callamard found that Khashoggi was the victim of a “brutal and premeditated killing planned and perpetrated by officials of the state of Saudi Arabia”“, yet when we look on we also get claims on quotes made in 2017. All an emotional package to push us in a certain direction, and whilst we might accept: “Woefully inadequate time and access was granted to Turkish investigators to conduct a professional and effective crime-scene examination and search required by international standards for investigation,” the fact is that the event occurred on Saudi territory and the Turkish government has no jurisdiction there. If there was such a level of evidence with the tapes, they would have been made public, yet we see more and more games played by the Turkish government making the issue debatable again and again. We can argue that if they had gone out and revealed everything, the entire setting would be different. They basically invalidated themselves with all the preposterous claims.

This is when we go by the source I used (at https://pressgazette.co.uk/jamal-khashoggi-un-saudi-investigation/). As stated there are issues, there really are, but the emotional games played using the media takes away a lot of credibility. As we were shown “Germany halted arms exports to Saudi Arabia over what it said was the uncertainty surrounding the murder“, we now see well over $20 billion in deals going to other places. That is the name of the game. The issues are important because the governments being holier than though, yet refusing to hold Turkey to account over well over 200 incarcerated journalists is part of the entire package. It comes across as a mockery when we get treated to Turkish journalist Nazli Ilicak who is now apparently serving life plus 6 years in prison. Now we can agree that one should not be the other and I would agree with this. Yet the fact that there is doubt on many levels and the fact that the media kept on shouting and screaming ‘alleged‘ as well as ‘according to unnamed sources‘ whilst there is all kinds of issues in several directions is also a reason for some to not include certain parties. We can argue the same part in the stage with the USA, when we consider “The US Senate, in a largely symbolic gesture, voted in December to end US military support for the war in Yemen and blame the Saudi crown prince for the murder of Khashoggi“, this whilst we can agree that a partial case can be made for the Yemen conflict, the fact remains that the Houthi forces have been receiving support from both Iran as well as terrorist organisation Hezbollah, making the withdrawal by the US a bit questionable (yet not invalid), as for blaming the Crown Prince whilst there has been no evidence showing his involvement is just slightly too silly. If there was clear evidence beyond all reasonable doubt that would be one part, but that part has not been given, now once in 16 weeks makes the claim silly, France was happy though, so there is that to consider.

There is still space for the Dutch if they reconsider a few places. I am decently certain that Saudi Arabia would love to get their ships upgraded with the Dutch Goalkeeper system which is (for the most) a defensive system. And that is merely the defence part, there is a much larger goal for Saudi Arabia and the Dutch could become contenders is a few ways. And in regards to the stage, is being critical about what is written that bad a position to have? I am not stating avoiding writing anything, merely be clear and produce evidence, if we demand it in some directions, should that same request not be in all directions?

The issues evolve even now. As we were introduced to: “Jubeir said the public prosecutor responsible for the case had sought evidence from Turkey but had received no response” is the reference to Adel al-Jubeir, Saudi minister of state for foreign affairs. The fact that evidence is not shared is also an issue; it could imply that there is no evidence at all making this hot potato no longer a potato, but a disaster in the making. If the evidence was so clear, it would have been in Turkey’s interest to share it with the world and all the media (to some degree), the media will refer to the event as leaking (like they normally do). I wonder when all the facts are clearly published, what would be left?

The fact that News24 also gives us “The CIA has concluded the Saudi operation was likely directed by the powerful crown prince” is now a growing concern. It is not ‘beyond all reasonable doubt‘, it is not ‘on the likelihood of probability‘ it is merely ‘was likely directed‘, implying that evidence is missing on a whole range of issues. So when we see all the unsupported accusations, all the calls for ending cooperation with Saudi Arabia, are we even surprised that Saudi Arabia is spending their cash somewhere else? And when we see the 500 billion and 185 billion go to alternative places, how will that impact economies? To be honest, I would love to get my fingers on the full report of homicide investigator Paul Johnston. It might clear up a whole truckload of issues, and perhaps leave too much reasonable doubt. I honestly do not know, yet I would love to find out.

So when we see that here truly is too much reasonable doubt and when the US hopes to make deals for the good of the economy, we will see what the decisions form Riyadh will be. The fact that 8 hours ago the news as given with ‘Sultan Bin Salman reviews prospects of cooperation with Russian space officials‘ is from my point of view a first message that Saudi Arabia is seeking more interactions on a global scale (read alternative cooperation partners), the fact that it is not going to Europe or the US should be a clear indication that there are troubles brewing under the Saudi sands, and more is coming when we look at the upcoming cutbacks that NASA will be facing.

When we see the amount of evolution that Saudi Arabia is trying to give its own infrastructure should be a massive input towards global economies, but so far the players needing it the most end up with the least, it could of course be a coincidence, but when we realise that it is not, can we actually place any blame, or should we merely blame our own politicians for bluffing whilst holding merely a pair of threes, I will let you decide on that one.

Too many questions and a lack of clear reporting contributed to all this, of that I personally have little to no doubt at all.

 

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Bread and games

We seem to ignore the past, yet a lot of our lives revolve around the bread and games of the matter at hand. Yesterday, the LA Times (at https://www.latimes.com/entertainment/herocomplex/la-et-hc-star-wars-episode-9-wrap-photo-20190215-story.html) gave us the first image of Star Wars IX, part nine, the final part of the entire saga. Principle filming and photography finished yesterday, the cast is done. They are all in a state of upper excitement, perhaps some anxiety too. JJ Abrams is all over the place (in joy) and why should he not be? A trip that started in 1977 propelling Carrie Fisher, Mark Hamill and Harrison Ford to heights never imagines before, that trip that started so long ago has been completed. For good measure we saw the added Rogue One and Solo added to the fold. And there is much to celebrate, a whole score of actors added the fold down the line and even if some were not immediately recognised in America, it is people like Peter Cushing, who was the Hammer House of Horror prodigal son, as well as one of the Dr Who players who added to the shine of the Star Wars making an epic story truly epic. Now we need to wait until Christmas to see the finalised version on the big screen, dozens of special effects experts will be wielding their mouses and pens to make magic reality and make the impression of special effects fade away and show us something that DARPA might have actually created, we can no longer tell the difference, the effects have been that stunning for a little while now.

Yet it is not just Star Wars, even if that is the most visible one. We are weeks away from Captain Marvel, soon to be followed by the conclusion of infinity wars (Endgame) and that s just for starters. When Jon Favreau started the Jungle Book in 2016, he might not have had a clue on what he started, but he did start something. In that same trend we will see in 2019 Lion King, Dumbo and Aladdin. Disney just woke up from slumber and is watching billions come their way. We should have reservations on Aladdin, not because of Will Smith, merely because of the shoes he has to fill, the role Robin Williams played was more than legendary, they broke the mould when he was done and it is one hell of a shadow to live up to, I do not envy Will Smith for doing so, yet I applaud his approach to the challenge.

The movies of 2019 will be comic book driven, Joker, New Mutants, X-men, Hellboy, they will all make an appearance, as will Frozen 2, It part 2 and many more. Many of us are planning our calendar one film at a time, trying to see as many as we can, this is how many changed the approach to their lives.

Even as some give us: “the Cost of living in Australia is 3.40% higher than in United States“, than we get “Rent in Australia is 10.04% lower than in United States“, which is massively bogus (as I personally see it). I found more than a dozen 160 square meter apartments in inner city places (not in LA, SF or NY mind you) that are close to 50% cheaper than in Sydney or London. And yes, when you add those (as well as Malibu, the Hamptons and a few other places, the rental prices tumble in the other direction), in addition, the rent in Australia merely seemed lower, the numbers are a little to skewed for my liking, the truth is simple. The cost of living is up all over the place, even now, yesterday I noticed that beef was up 10% that is the way the impact goes when food is thoroughly looked at. We might see the price of beer and think that it is not that expensive, but when the price is based on the need to buy 24 instead of a singular bottle, the scale shifts and not for merely one article, too many articles have speculatively been ‘loaded’ that way. It is not merely in Australia, the UK, many places in Europe, they all have an increased cost of living whilst the incomes have been frozen, in some cases for more than two years. When we see a source give us Levis 501 Or Similar at $98,24 (AU) whilst shops at the same time have prices that vary from $119 to $249, you know that there is a selective weighting in place, or merely some aggregated average that included ‘myworstonlineshopdotwhereever‘, one item already changed the cost between 21% and 154% (if we included the most expensive solution). That is where we are at least 21% more out of pocket for one item. There are a lot of prices that are on the mark and some might even have a seasonal nice discount. So when we are confronted in that stage of live, the bread and games we face matter, they matter a great deal. A list that includes a cinema ticket for less than $20, which is often enough wrong by at least $5, so how does your cost of living add up? How do the small items like popcorn and lemonade add to the pressure of your budget?

This month seems to be all about news on how places have a cost of living that is lower than their national average. Initially it sounds great for those living there, until you realise the other news (not really given to the reader) where we see: “Columbia area named 25th most dangerous in America“, yes there is a drawback to everything. So in one of the places where I was looking, I got treated to: 3 crimes in this area. What? Are you flipping kidding me? Three crimes over the last 4 weeks and one was the disturbance involving an unwanted person. How is that for pristine living? It is not actually that rosy for the entire city there were reported 135 thefts, 106 assaults and 138 arrests, which when you consider it includes Fraud, Forgery, threat complaints, and loads of drug incidents (which mostly includes having a joint) we see a place that Sandra Dee would happily call home.

These are all elements that impact out cost of living, the paths we take to get safely from work to home, the places where we buy stuff, where we get medication and groceries. It is all too some degree connected and the bread and games we have to escape it all is very much part of our lives. For a while we had true escapism via Netflix, and even as that part is not as shiny as it was, the financial geeks still see Netflix as the escape mechanism for most of the players. In that we need to recognise that Netflix over the last year has risen 45.63% since February 14, 2018 and is up trending, we need to see that St. Valentine is definitely in play in all this. You might not find live there, but many watchers are losing their hearts on the feeling of momentary bliss. This feeling relates to the big screen as well. As we seek more ways to escape the stagnating lives we lead, we see that the cinema and the home screen are the two reliable paths to follow (apart from gaming that is).

The question is how will this go on? As the movies come, we see consistent continuation, yet there is another problem. You see even as we see that 300,000 jobs were added, the direct impact is not seen, not in the workflow and not in the US reduction of debt. Others have stated this before me, and it is an important part. The workforce in the US is changing, yet I am not convinced that this is limited to the US, it is a global change. We see more and more that there is a high tier and a low tier of workers, yet the middle tier of workers seem to have been gone. The low tier is all there is in many places and that is where the problem resides. The low tier is definitely growing and more jobs, but they are often minimum wage jobs, there is no room for quality of life, merely contending with the cost of living and whilst most parents both work to make ends meet, we see a family break in place and the only glue left are the bread and games. The view that Reuters gives with ‘the economy was running out of workers‘ is not wrong yet it is not accurate either. Most companies are focussing on cheap labour where possible and that part is now running low. I personally believe that this shifting trend will push itself into the commonwealth and Europe as well. The middle group is either reduced to the lower group or merely pushed into retirement (for as long as that exists). I predict that there will be a rude awakening when we see that the low groups have little tax to pay, but the government have been overspending for too long being in the wrongful believe that the middle tier comes back (any day now they think), the moment that they realise that this will not happen, we will see a collective 68 thousand billion dollar debt that has no place to go, because adjustments that had to be made 4 years ago were never made. They had to be made before that but I reckon the point of no return was passed 4 years ago and now we see the essential need for bread and games. The governments do not want to people to wake up and see that there are no options left, the corporations want the bread and games so that people will not realise that they ended up with a really shitty deal in the end and the rest is looking forward to finding any kind of a solution where they end up in the high tier and they are willing to sell their soul to get there, the lower tier is just a road to nowhere and nothing.

This is exactly why politics is shifting in the US, with Alexandria Ocasio-Cortez and her social agenda, we get to see the direct impact of the size of the lower tier, everyone wants her impact and the true stage where people like Alexandria Ocasio-Cortez never has a chance in politics is now gone, greed driven America pushed the middle tier, the buffer of reason away, now we see the high tier (a few thousand) versus the low tier of millions and now Alexandria Ocasio-Cortez has the platform she needed. So as we see Alexandria Ocasio-Cortez versus Bill Gates who actually made a really good case (not a console case mind you) and his correct vision gets to be blasted away by the millions who have had no quality of life for the longest of times. Now that the middle tier dissipates they have no future to look forward to either and now we see that Alexandria Ocasio-Cortez has a growing platform. And it is in that light where we see that Dutch Historian Rutger Bregman in Davos (at https://www.news.com.au/finance/money/wealth/dutch-historian-who-called-out-billionaires-at-davos-goes-viral-becomes-social-media-star/news-story/45d75de96d5161ed3bf9205d79a0c063) makes not one but three points. He mentions at 0:53 ‘What must Industry do to prevent a broad social backlash?‘, and now we see happen exactly that, Alexandria Ocasio-Cortez is the upcoming broad social backlash that none of the industrials wanted, and they did this to themselves.

If she comes with Eisenhower methods (read: solutions), she will be the bane of industrials and the darling of the working class for 2 presidential elections and generations to come. The danger of bread and games, when the games become less rewarding and the bread turns stale, people start considering the bad place they were in. That setting was shown and basically proven by the Roman poet Decimus Iunius Iuvenalis well over 1900 years ago. Interesting that the industry forgot their history lessons, it might not lead to profit, but they could have avoided monumental losses, a harsh lesson that they might get to learn in the two years ahead.

Change is valuable; it lets the oppressed be tyrants!

 

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The Outsourcer’s Furlong

The race is on, we heard last year just how poorly the setting of Interserve was. We all head how Interserve served the people the small fact that they were half a billion (in £) in debt. I discussed it last December (at https://lawlordtobe.com/2018/12/17/one-to-the-hospital-one-to-the-morgue/) in the article ‘One to the hospital, one to the morgue‘, and if the previous financial model applies, there is every consideration that so far another £200 million has been added to the debt. The guardian gives us: “the directors danced around the issue. A “fully consensual” financial restructuring would be preferable but Interserve was “also actively preparing alternative plans to ensure the proposed transaction can be implemented in the event that shareholder approval is not forthcoming”“, and as they very correctly state it ‘What alternative arrangements?

In this Coltrane and Farringdon Capital Management have between them one third of the equity and the message of “the proposed £480m debt-for-equity rescue in which the banks would take control and current investors would be diluted to just 2.5% ownership“, you can imagine that these two campers were not happy. They stand to lose it all if things go pear shaped, the awkward impact of a wrong investment made bare. The fact that these two could stagger it all if there is not a full house (which is the most likely event), could stop everything and as the Guardian states (to be more specific Nils Pratley does at https://www.theguardian.com/business/nils-pratley-on-finance/2019/feb/13/interserve-needs-a-plan-b-given-the-rebellion-over-its-current-plan), a plan B is needed. I personally think that a plan C is equally essential. At present chairman Glyn Barker has his work cut out for him, not only are 45,000 out of the 74,000 employees in the UK and they are waited with baited breath, there are more than two parties that are on the ropes and he needs the bulk to fall in line with his vision. One part is the lucrative Interserve Saudi Arabia. Even as it is profitable now, it is also in demand now, auctioning it off to Salini Impregilo could give them a decent reduction in debt overnight and with matters in Saudi Arabia as they go, Salini Impregilo needs the workforce, they are scoring job after job and at some point the workforce will not hold up to the scrutiny of deadlines. As it includes presence in the UAE, Interserve might want to choose dollars for doughnuts before the stage has changed and all that they can hope for is 10 cents to the dollar, because at the stage where two players having one third push for change, Salini Impregilo merely needs to wait for Interserve parties to become utterly desperate and that given stage is a little more realistic than some players are comfortable with.

If debt reduction is the goal and we see that their Middle Eastern part involves:

  • Hospitality and leisure
  • Oil and gas
  • Retail
  • Transport and infrastructure

I see at least three branches that could be pruned and it is a first step to push Interserve back to their core and optionally into a field where cost becomes increasingly lower than the current balance statements require them to be. A similar view could be held for the US and Asia. I wonder just how profitable these branches are, the total debt implies that it goes way beyond the UK (or the UK part is optionally mismanaged in the most dreadful way). I am not implying or judging, half a billion in debt is doing that for me pretty convincingly.

So as the Times gives us: “The New York hedge fund attempting to derail the £905 million rescue plan at Interserve is nursing losses of nearly 90 per cent on a £25 million bet that the public services contractor could recover without falling into the hands of its lenders“, we also see another side. The fact that we see someone hedging 3% into moving away from the £900 million rescue plan, and losing 90% of their attempt also implies that the tress intensifies. Another view is given by the Financial Times (at https://www.ft.com/content/8cd9d920-2b98-11e9-a5ab-ff8ef2b976c7) with: ‘Hedge fund in Interserve feud profited from Carillion collapse‘, with the addition “Coltrane Asset Management, the biggest investor in Interserve, earned £4m wagering on Carillion’s collapse by selling its shares short“, so why give them any consideration? the fact that they decided to add a 20+% share in Interserve with the assumed and highly likely path to try that trick a second time implies that they have no vested interest in the firm, merely a need for greed. So why cater to that? When we are given: “Carillion collapsed in January 2018 leaving banks, investors and pensioners nursing heavy losses and the government struggling to deliver key services such as hospital cleaning and school meals. Some 3,000 staff lost their jobs, with another 14,000 transferred to other employers, in one of the biggest corporate failures in British history“, we know that this was not the fault of Coltrane Asset Management, yet they had no issue selling it all down the drain as it allowed them to fill their pockets. We get it and we do understand that Coltrane is in it for the money, that is how the cookie crumbles, yet when we see the impact on an optional 74,000 employees, we need to look beyond. It is not like Coltrane is taking over and making it a profitable setting, are they?

We do get that Coltrane is not the actual evil party in this, unless they explored short selling here too, at that point they are on their own. Coltrane is not without teeth, the mere setting of shareholders losing out on their investment will make them gang together and plenty of them are small investors; it is their retirement that is at stake. Scottish pubs tycoon Alan Macintosh is also still an element in all this, the swap would make him massively rich so he is willing to stick with the plan, there are still 6 weeks until the deadline gives us the setting of the battle line that will be drawn, and where that ends is anyone’s guess. yet as the Financial Times points out “People close to Coltrane said it was confident of winning support from the numerous smaller investors — which include Hargreaves Lansdown and Standard Life“, those with their retirement savings in the balance will turn to Coltrane soon enough, some will be scared enough to offer their part to Coltrane at any amount that gives them more than 30 cents to the dollar, giving Coltrane the option to upgrade the size of the bat that they wield in this encounter, leaving the people at Interserve with little to work with, and in light that there is no plan B or a plan C, gives more and more the impression that they never properly prepared for this war, making the outcome of a win for Coltrane against them a rather large likelihood.

So who goes to a war theatre without at least three options ready? Anyone who starts a tactic without two alternative routes handy at any given time is merely on a one way street to defeat. That is not predictive, that is an issue that has been gospel since WW1, I would go further that the Siege of Khartoum of 1884 was another example to that premise. In those days there were thousands of Brits sneering and making fun of Muhammad Ahmad bin Abd Allah, in the end he walked into Khartoum leaving mountains of corpses in his wake. From that setting alone, the board of directors at Interserve have made a few too many really poor decisions, when we add that to the pile, we see that Coltrane is not done, not by a long short and when it falls over, Coltrane walks away with an ox-cart of gold and a fair share of the 74,000 employees will not be that lucky.

Those who want a better stage better find themselves a new deal and set themselves as independent contractors finding new alliances. It might be easy for some where the market is vastly on the rise, but that is merely in a few places where the stage can be set to take control of the projects, making the situation of Interserve a lot less manageable soon enough.

I am merely speculating now, yet consider the projects over the last 6 months.

  • Qatar National Theatre
  • Southwark Council
  • Highways England
  • North Lincolnshire Council
  • Durham University

These are merely a few of many projects where ownership of the project could revert to other players if the pressure on that project is high enough. Those customers will need to seek a solution for their invested needs and there is now enough doubt whether Interserve can fulfil its side of those contracts, the mere absence of a plan B would essentially be enough to facilitate for change if the proper cards were played and £150 million is nothing to make fun of.

But that could be merely my wrongful view on the matter, we will know soon enough.

 

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