The Dangerous Zuckerberg Classification

Even as Microsoft seems to be quiet and in denial of what is uploaded without consent, we have a second issue that is floating to the surface of our life. Now, first of all, this link is not what we should consider a news site. What came from Forward.com is also known as The Jewish Daily Forward, published by Samuel Norich and has Jane Eisner as the editor. Its origins goes back to 1897, so it has been around for a while. They are not some new wannabe-on-the-block. It is an American newspaper published in New York City for a Jewish-American audience, and there are plenty of those around, so this is a valid niche publication. Yet no more than a day ago, it did something dangerous, perhaps unintentional and perhaps it is a sign of the times, but it remains a dangerous path to take.

This path all started when Mark Zuckerberg had an idea. He created this place called Facebook, you might have heard of it. Within there we get to ‘like’ things. Now, we can do this to complement the poster, we can do this because the subject interests us, or when we use the machine correctly, Facebook would send us more stuff from topics that we like. This already shows three different approaches to ‘like’ and when Forward starts the article with: “Canadian Mosque Shooter Suspect ‘Liked’ Israel Defense Forces, Marine LePen“, it basically shot itself in the foot.

This is part of the problems we are all facing, because the world is changing and it has shifted the values that we have given words over time and shifted them into concepts of what it might be. We see the same shift in the Business Intelligence industry as tools like SPSS (read: IBM Statistics) are no longer used to get the significant statistics needed and the ‘sellers’ of the story that the client wants told rely on tools like Q Software to tell the story that matches the need. The problem is that this story reflects what is offered and from that there is more than one identifier (weight being one) that the reflection is less accurate and often warped to fit the need of the receiver of these data files. Meaning that the actual meaning unlikely to be there, making a correct assessment not possible and any action based upon it, without scrutiny will come at a hefty price for the decision makers down the track.

So when we see “Canadian Mosque Shooter Suspect ‘Liked’ Israel Defense Forces, Marine LePen” we need to be cautious at best, at worst we are being told a fair bit of rubbish! Now we also get “Authorities claim that Alexander Bissonnette, a student at the city’s Laval University, perpetrated the attack, calling in from a bridge near the mosque to report himself“, which could be very true, but it also averts the first signs we see of ‘Lone Wolf‘, because a real lone wolf will go into the night if he or she is lucky without a trace and plans his/her next attack. This one attack person seems to be seeking the limelight as I personally see it. For what reason is at present unknown. Perhaps it is about fame, perhaps the evidence will find evidence of mental health issues. Time and the proper people will need to assess this. We see this in the picture of a tweet by @Rita_Katz when she states ‘making Jihadi ties unlikely‘, which could be true, however I got there via another route. What is interesting is that when we look at the Toronto Star we see “Rosalie Bussieres, 23, lives across the street. She told the Star her older brother was in school with Bissonnette. He was “very solitary” and “very antisocial,” said Bussieres. Bissonnette studied at the Université Laval, according to a statement released by the university late Monday. He was a student in the department of political science and anthropology, according to Jean-Claude Dufour, Dean of the Faculty of Agriculture and Food Sciences

This is interesting as those in political science tend to be decently social minded, so there is a lot more under the water than we think there is and the fact that Forward only gave us the likes, means that there is a part that they either ignored or overlooked. You see, what else did his Facebook account have to say?

The Toronto Star gives us a lot more “He was on both the Sainte-Foy and Université Laval chess club“, with Forward we got more on Rita Katz. “Rita Katz is the Executive Director and founder of the SITE Intelligence Group” is one, and the next part is the one we should consider: “the world’s leading non-governmental counterterrorism organization“, as well as “Ms. Katz has tracked and analyzed global terrorism and jihadi networks for nearly two decades, and is well-recognized as one of the most knowledgeable and reliable experts in the field“. Which makes me wonder why it is the Toronto Star who gives us the part I did not initially showed “with his twin brother, said Université Laval professor Jean Sévigny, who said he knew Bissonnette and his brother through the club“. So how come The Forward didn’t have the goods on that?

Yet they did give us “François Deschamps, member of Quebec’s Refugee Welcome Committee, told the La Presse newspaper that he recognized Bissonette because the man had often left hateful comments on the group’s page. “I flipped when I saw him,” he said. “We observe much of what the extreme right says and does. He’s made statements of that sort on our Facebook page. He also attacked women’s rights,” Deschamps recalled“. The full story is at http://forward.com/news/361614/canadian-mosque-shooter-suspect-liked-israel-defense-forces-marine-lepen/

So as we are invited to judge on likes, I see a hole of intelligence. How many friends? How many clubs? Was he linked to Chess groups? Was he linked to his Twin Brother, and was his twin brother on Facebook? There is no one mentioning whether the twin brother was reached and what he had to say (if he had been willing to talk), which he might not be willing to do and that is perfectly understandable. It is just such a weird experience to see a total lack of effort in that regard (especially by the press).

Forward is telling its readers a story, yet the Toronto Star (at https://www.thestar.com/news/canada/2017/01/30/six-dead-two-arrested-after-shooting-at-quebec-city-mosque.html) seems to offer a lot more. In that view ABC news in Australia blunders (as I personally see it) even more when we see (at http://www.abc.net.au/news/2017-01-31/quebec-city-mosque-shooting-lone-wolf-attack-student-charged/8225294), ‘Police charge ‘lone wolf’ student suspected of terrorist attack‘, so what evidence is there? What is the definition of a Lone Wolf? Perhaps we need to agree on the shifting sands and make sure it is sand and not quicksand. They both might contain the same 4 letters, but the experience will be mind-bogglingly different.

So as we now see that the US is using this attack to justify its actions, we need to take heed on the dangers we invite. The first is like the attack in Sydney, Australia at Martin Place, on December 15-16 2014. We again see a link to extremism that is incorrect and misleading. Yes, the act was extreme, but we have seen for decades on how mental health patients are very able to act in extreme ways. You only need to see the footage from Paris attacks to see how actions in places like Nairobi and Paris to clearly see that they are different from events in places like Martin Place and perhaps the Quebec Mosque.

We can argue on how correct the FBI setting is, yet it is an important one! “Terrorism is the unlawful use of force and violence against persons or property to intimidate or coerce a government, the civilian population, or any segment thereof, in furtherance of political or social objectives“. So what were the social and political objectives of Alexander Bissonnette?

There is a lot we don’t know and won’t know. Yet at present Forward is presenting the dangers that social media rely on, they rely on quick and classifiable actions and label them in the most general way possible. The dangers that we see in the Zuckerberg classification is that it relies on the quick acceptance of the ‘audience’ yet in the same way the danger is that the ‘like’ itself becomes a problem. You see, too many elements are about specifics and as we see less and less, we see that people in general will start to rely on an aggregation of ‘reportable elements’, not even on an aggregation of facts.

Heavy.com, another place that is not really a news site gives us a whole range of additional ‘facts’. They refer to Reuters, who reported (at http://www.reuters.com/article/us-canada-mosque-shooting-idUSKBN15E04S), where we get “Initially, the mosque president said five people were killed and a witness said up to three gunmen had fired on about 40 people inside the Quebec City Islamic Cultural Centre. Police said only two people were involved in the attack“, in that part the Lone Wolf no longer applies and it is either ‘lone Wolves’ or something else. Forward however gave us “Police investigating the shooting at a Quebec mosque that killed six have narrowed down their list of suspects to one man” Yet 5 hours after the initial message Reuters (at http://www.reuters.com/article/us-canada-mosque-shooting-toll-idUSKBN15E0F6) gives us “Police declined to discuss possible motives for the shooting at the Centre Culturel Islamique de Québec. They consider this a lone wolf situation,” a Canadian source familiar with the situation said“, which is a statement that should be under some scrutiny to say the least.

All this links to an event one year ago, which was covered in the Tech Times, where we see ‘Sheryl Sandberg Sees Facebook Likes As Powerful Weapon Against ISIS, Other Extremists‘ with the quote “Rather than scream and protest, they got 100,000 people to Like the page, who did not Like the page and put messages of tolerance on the page, so when you got to the page, it changed the content and what was a page filled with hatred and intolerance was then tolerance and messages of hope“. This is now a linked issue. You see the part ‘they got 100,000 people to Like the page, who did not Like the page‘, this implies that data was intervened with, so if that is happening, how reliable was the ‘like’ part in Forward.com?

The fact that papers all over the place are trying to ‘cash’ in on this by adding a page with ‘the latest facts‘ or ‘what we know at present‘, like The Globe and Mail, whilst showing an avalanche of news on the matter. Actually, the page The Globe and Mail brought was pretty good. It is Heavy.com who does something similar, yet at that point they move into the ‘5 things you need to know‘ mode and give us a stream of links. Links to classmates and how they thought. Yet, are these facts correct and complete? Heavy links to the Globe and Mail, and in addition gives us the part we needed to hear: “He also likes U.S. Senator John McCain, a moderate Republican who has opposed Trump on some issues, President George W. Bush, the Canadian New Democratic Party and late Canadian politician Jack Layton, who was a leader of the left-wing NDP, so the likes do not shed much light on Bissonnette’s beliefs“, Forward.com, and as such linked SITE Intelligence Group had nothing on any of that in the article. So anyone relying on Forward is now missing out of essential facts. In equal measure, the fact that many of these items are not voiced by other papers make the statements of Heavy.com equally an issue until confirmed.

And finally there is the impact of how the like was obtained. Plenty of sources started with a few ‘like to win’ campaigns. How many people have clicked on a like and forgot about doing so? Yet in this light, the ‘like’ is implied to have a much larger impact, much larger than the user considers or even comprehends. The places using those likes for telling a story have left that concept behind, giving us unclean and incorrect data, which now implies that any conclusion based on it is pretty much useless.

Be aware, I am not stating, or accusing these posters of fake news, yet there is the option that some will see it as such. As I stated at the beginning regarding Forward.com, their origin goes back to 1897, which means that they have been around for some time. So why were so many facts missed and why did Forward link this suspect to both the Israel Defense Forces and Marine LePen, especially in light of what others reported?

What is not related to the Facebook side is the news that the initial news of two shooters (up to three) is now reduced to just the one. When a witness states up to three, there is a clarity to assume (to some degree) that there was more than one shooter (which is a speculation from my side). So what happened to the second one? Just be aware that there might just have been one shooter, yet the documentation we are seeing implies more than one.

So how is this a Zuckerberg thing?

Well, apart from him inventing Facebook and bringing about the evolution of Social media, his ‘like’ is almost like his ‘poke’, they are Social media tools, yet the value the users tend to give it is different, it is even debatable whether the users at large could ever agree on the usage of it, making it a transient value. A shifted number whilst the contemplators cannot agree how the value is to be used, so the usage of ‘like’ in the way it was used in by the press becomes a debate as well. Because what we like implies where we are. That is not a given, even better it is incomplete. You see, you can state your like, but as you cannot state a dislike, we end up having no real comparison. It is the old debate of Yes and No dichotomies, if you did not say ‘yes’, there is no validity that you stated ‘no’, because it might have been overlooked, or it was the fourth option in a list of three. There is a decent abundance of reasons to take that point of view.

fox_poll

Let me show this in another way. The Fox poll of the Refugee Ban (see image). We see the full story at http://insider.foxnews.com/2017/01/29/poll-nearly-half-america-voters-support-trumps-immigration-order, but what we do not see are the specifics on what would have given this value. You see, we do not know the number of responses, where it was done and when it was done. It is at https://poll.qu.edu/ that we learn parts of the facts, “From January 5 – 9, Quinnipiac University surveyed 899 voters nationwide with a margin of error of +/- 3.3 percentage points“, can anyone explain to me how Fox was so stupid to use a base of 899 to set a national value? Doesn’t the United States have around 320 million people? And as we realise that there 50 states, how can 18 people be significant on a view in state, and this is before we consider whether the use of gender was normalised, because men and women tend to feel different on emotional issues and is there is one element in abundance on issues concerning refugees it will be emotion.

 

So in all this, we see recurring waves of generalisation and trivialisation. Mark Zuckerberg is not to blame, but he is a factor. In addition there is an overwhelming lack in educating its customer base (by both Fox and Facebook), so we need to consider the dangers and well as the irrelevance of these ‘revelations‘. It is in this scope and in the application as seen used where classification becomes dangerous and a danger, because how will the people around a person react when they see that this person likes something people find offensive (and that is when we keep it to simple things like actors, actresses and politicians)? This will impact on the like as there will be peer pressure, so how can this Zuckerberg element be undermined? That is the actual question!

Is it as simple as condemning the press for using the fact? Is it as simple as giving out complete information? The Zuckerberg Classifications are here to stay, there is nothing against it and the fact that they are is in no way negative, but the usage of it leaves a lot to be desired and as such it is a misleading one, other than ‘this person clicked on the like button of this page, for reasons unknown’, giving it any more value is as meaningless as setting the national acceptance of a refugee ban based on 899 unquantifiable votes which represents at best 0.00028% of the United States population. If any vote was incorrectly vetted, the number will go down fast making the poll even more useless.

 

Leave a comment

Filed under Media, Politics, Science

Taking Xbox to Court?

Microsoft seems to have done it again and if the evidence holds up, there will be a powerful backlash towards Microsoft which will have interesting repercussions for Sony. Now, we have seen this all before and even I have a few issues with this all, which was until the following evidence was presented.

  1. The Broadband 4G modem had been exclusively used for the Xbox One.
  2. Security was properly in place (as far as I have been able to confirm)

The following had happened:

Without consent, the Xbox One has seemingly uploaded the following amounts of data:

Date Uploads Date Uploads
2017-01-13 339.1 MB 2017-01-21 591.0 MB
2017-01-14 445.1 MB 2017-01-22 277.6 MB
2017-01-15 242.3 MB 2017-01-23 607.5 MB
2017-01-16 268.8 MB 2017-01-24 210.6 MB
2017-01-17 113.1 MB 2017-01-25 358.8 MB
2017-01-18 793.6 MB 2017-01-26 493.5 MB
2017-01-19 251.6 MB 2017-01-27 482.4 MB
2017-01-20 332.0 MB 2017-01-28 65.2 MB

 

According to the mobile provider the uploaded files are all labelled Windows Azure – support large files download? When calling Microsoft, the help was not any better, the lady was trying to be nice, yet not really aware of what she was talking about. Her response was: ‘we have no influence on uploads, that is the responsibility of your ISP!

So, as the Xbox is uploading, that is suddenly the worry of the victims ISP?

So far the player has only played Fallout 4 without DLC’s, Diablo 3 and the Ezio Collection (Assassins Creed), all these games were played in single player only, so there is absolutely no reason to upload at all. What is even more disturbing is that there are no checks on this part, the mobile provider data so far matches the times that the system was in use for gaming and the times the uploads were happening.

What Microsoft would not be realising, which was a former Microsoft executive referred to as Don Mattrick, who tried to be funny with: “Fortunately we have a product for people who aren’t able to get some form of connectivity; it’s called Xbox 360“, yes and as orders were cancelled all over the place Xbox suddenly had a new boss. This all started in November 2015. Well as we seem to gather Microsoft is at it again and they haven’t been thinking this through as per usual (that is, if the facts handed to me and collected are correct), because some gamers are now facing a $120 a month additional bill, so year one for these gamers would be 12 * $120 + $450 for the console, making this device at $1850, three times more expensive than any other console. I think Microsoft forgot about mobile broadband users, they just get additional hardship. What is the issue is that all this is happening without consent and as far as the absent help from Xbox support has indicated, without the ability to switch it off. You see, there are plenty of places where broadband is an issue and those people are depending on mobile broadband and at $10 per 1 GB it adds up really fast.

So, even as Microsoft has now changed this approach (again), would customers have a case to get a full refund for console and all purchased games? Let’s not forget that Microsoft has done a 180 degrees turn on their ‘online requirements’ twice now, as well as it seems the requirement to be online to upload, which in light of single player games should result in several additional questions by parties involved.

So this is where I now stand. Awaiting two additional pieces of evidence. Should they arrive, the plan as the victim wants it is to prohibit Microsoft to continue sales of their devices until the forced uploads are deactivated, as well as reimbursements have been made. I do not think that this has any decent chance, but I will lend my support to all this. Microsoft has been playing their game via third party ‘players’ and as such there have been a few things rising to the surface. I personally believe it to be a harassment approach by Microsoft ‘to be online or else‘. I tested that with the Ezio collection. I went offline and played the game, so far after two days, after restarting the game, the achievement begotten whilst off line did not update. An issue the Xbox 360 never had and actually until recently it was not an issue (so this might be the side effect of something else). As I see it, the same day our victim suddenly say his annual Xbox one usage cost go up by a potential $1440, so we can agree that Microsoft, as per their usual self decided that profit at the expense of anyone else is preferred to a situation where the needs of the customer were respected, especially after the backlash that the first attempt had given them, again, awaiting those two pieces of evidence.

So far all contacts with Microsoft have been with the given air of ‘Well, everyone has unlimited broadband, don’t they?‘, which is nice until you get confronted with the most dangerous of obstacles, the disagreeable landlord, which in this day and age is not a good person to cross and that tends to happen more and more often, yet that is not what this fight is about. We are dealing with consent and undocumented consequences that doubles a person’s internet bill, through means that were not even essential. Off course that is not regarding the need Microsoft has to keep a record and copy of everything you are doing on your console, which by the way is well over 1000% of what multiplayer bandwidth would require, so there too are questions that need to be addressed.

From my point of view, apart from the financial damages that some players are now facing there is:

  1. How can uploads without consent be allowed?
  2. How can 2 single player games trigger a 5.8 GB upload in 15 days?
  3. The reference that the Mobile operator gave was: ‘Windows Azure – support large files download’, all uploads have that same title!
  4. Why is there no logging of uploads in the Xbox One?
  5. Which files and what exactly is being uploaded?
  6. Why did this suddenly start at midnight Friday January 13th 2017? (Which reads equally weird).

These are questions that matter, the reason is that without certain facts, there is absolutely no guarantee that this isn’t merely a hijacked router, which I have been able to prove that this is not the case to some extent.

Questions remain, you see, that part is given by the following sources: “They have clearly mentioned that their commitment to the UK is unchanged. In particular, those customers in Microsoft’s UK data centres should continue to rely on Microsoft’s significant investment plans there“, as well as “Microsoft highlighted that they have more than 5,000 highly qualified people working in fields including support, marketing, gaming, communications, cybersecurity and computer science research in the UK. Also, they have built a global centre of excellence for the development of artificial intelligence and other computing disciplines“, which we see in MS Power User (at https://mspoweruser.com/microsoft-re-affirms-its-commitment-to-the-uk-data-centre-expansion-plans-are-still-on-track/), now we need to realise that these are statements from a spokesperson, which means that that we are misrepresented without being lied to. I know, it’s a harsh world. Yet ‘5,000 highly qualified people‘, whilst seeing ‘marketing, gaming, communications, cybersecurity‘, could clearly imply that these are employees and it is not impossible that 40% of that workforce is not working on or connected to Azure. You see, the issue is when we see “Global Data Center Market Strategies, Analysis and Opportunities 2017-2023: Amazon (AWS), Microsoft, Google, and Facebook are in a Class of Their Own“, which we see in Global Newswire. The question that these parts lead to is whether it is possible that:

  1. Microsoft is trying to get an advantage on its capabilities and is trying to maximise the load of their Azure data centres, someone had the bright idea to use gamers for that and the people who tend to be useless in the technical field (read: senior management) forgot about the fact that not everyone has unlimited broadband and that some people (all over the world) pay per gigabyte and after a certain point that gets to be very expensive.
  2. Because the test requires that all (read: unknowingly) must participate, there is no option to switch uploads off, leaving us with the mess in option 1.

Now, this is for now speculative, but in light that I got this scoop and the media is ignoring gaming issues, just like the Sony Issue of 2012, so I am going ahead, so mind you, this story will be updated and there will be a part 2 when the rest of the evidence arrives, which could spark an official request against Microsoft with the Australian ACCC and the British CPS, and if Microsoft is proven not to be the evil organisation that they have been too often, than I will report that too, because just and fairness go both ways, and because it must rain on the just and unjust alike.

So stay tuned!

 

2 Comments

Filed under Gaming, IT, Science

The Turkey shoot

There are these moments when we hear that term, especially in the US in October & November where the American dream for some is a father and son(s) trip get into the wild and shoot one of them Turkeys. It is nothing most of us are used to, but like the foxhunt, there is tradition. I am in favour of the Turkey hunt, because, for one, there are strict limits which usually tends to be 2-3 at the most. Meaning that in this case, the family has thanksgiving and Christmas covered. You see, in that case I am not against hunting.

sxp-turkey-hunter-512307-3245l

 

 

 

 

There is a wisdom to only shoot what you eat, which in my case is not an option because cannibalism is a crime under the NSW Crimes Act of 1900. Yet in this case it is not about such a Turkey shoot. Today is about Turkey as a nation. This turkey shoot started a few hours ago when (at http://www.businessinsider.com/40-turkish-nato-soldiers-have-requested-asylum-in-germany-2017-1), we saw the change with ‘40 Turkish NATO soldiers have requested asylum in Germany‘, with the quote “About 40 mostly high-ranking Turkish soldiers who worked at NATO facilities in Germany but were suspended after the failed coup in Turkey in July have requested asylum in Germany“, you see, this is a Turkey shoot of another calibre. One where President Recep Tayyip Erdoğan is continuing the strangest of policies. It is hard to draw and make distinction between what happened and what is publicly stating in Turkey that happened. There is too much going back and forth and unless you are there in Turkey, there is little hope of anyone getting straight facts. The Independent gives us “to establish an all-powerful presidency while seemingly Islamising Turkish society to a degree not seen since the fall of the Ottomans“, yet in all this, the stated quote “the sacking of 8,000 police and 30 governors as well as 52 high ranking civil servants. This is in addition to 70 admirals and generals along with 3,000 soldiers and 2,700 members of the judiciary fired“. This is not just an overhaul this looks like a national change one that is not unlike the changes Saddam Hussein started in 1968, yet in this case it is anything but bloodless and like Sadam Hussein, Recep Tayyip Erdoğan is also a Sunni Islam, giving us more issues down the line as the ties with Saudi Arabia will strengthen over time. This change will also impact Israel as there is every chance that cultural ties with Israel will dwindle more and more in the same way the cancelled military contracts in 2011 went the way of the Dodo. So as we realise within the quote “This coup may not have been as big as the Government now says it was in order to justify its crack down on all its opponents, but it was still impressively large and was not far from succeeding from seizing power for a few hours on 15 July” that the numbers were not there, yet success was inches away from getting the change made, we can sense the paranoid approach that President Erdogan is setting its mind to. Yet, will he undermine his own presidency? In a country with 79 million people. Its population is only slightly larger, yet land mass wise, it is 350% the size of the UK, giving additional issues over time. Turkey as a secular nation has had a freedom of religion in place, yet when we look at Saudi Arabia, where Muslim law is in place, these elements could fall away from Turkey down the road, which means that two events are likely to start over the next year. The first one will be a shift in investors as they see the investment waters turn muddy and none too friendly. This will in turn escalate a brain drain where the brighter Turkish minds will seek their fortune elsewhere and elsewhere in this case means nearly anywhere but Turkey.

Is this a given?

No, it is not, but overall they are the likely event that will come to places like Istanbul, impeding, if not stopping commerce and the Turkish economy. A massive slowdown will come and the Turkish borders are confronted with more and more radicalisation. On May 1st 2016, in my blog ‘Homerun by UKIP‘ (at https://lawlordtobe.com/2016/05/01/homerun-by-ukip/) I gave a link to heavy.com where ISIS was making an appeal to Turkish sympathisers. Heavy.com is showing more and more extreme video’s where ISIS is giving a message of suicide attacks in Mosul, which is not that far from either Syria or Turkey. Three weeks later a similar video on actions in Sinai. There are indication that this level of radicalisation will deliver different flavours of Muslim faith to Turkey, the question becomes how realistic are these dangers? We can agree that there is a long way from Mosul to Istanbul, yet the people in the Istanbul nightclub who saw the attack on New Year’s Eve will not agree with that assessment. Even as many might agree that ISIS does not have the numbers in Istanbul, the 40 high ranking Turkish NATO soldiers are a first indication that as the top of the Turkish military falls away, there will be an increasing amount of chaos and more important a lack of military based support as the people are either not there, or the higher ranking troops require too much confirmation from too many locations before acting, giving ISIS a tactical advantage, in addition to the ones they already had. So as ISIS is inviting its followers to a Turkey shoot, it will be the bird population that will feel a sense of safety and security as they are not the target at that point. If you think I am trying to make a point, I am! The actions that ISIS is showing where people get casually decapitated by knife or by strapped on bomb, we have to wonder one element. You see, The Observer is showing ‘UK’s £100m weapons deal with Turkey ‘turns blind eye to rights abuse’‘ (at https://www.theguardian.com/world/2017/jan/28/100m-arms-deal-turkey-blind-eye-rights-abuse), what they are not mentioning is the ever increasing danger that business partner and NATO ‘ally’ will request (read: demand) assistance from its partners when it comes under more direct attack by ISIS. At that point what will happen? When NATO allies are thrown into that extreme mix? The French Legion Etrangere, the UK Marines/SAS and Dutch Marines might be trained up and ready for that fight, the rest of the Eurozone military is unlikely to be ready and partially too inexperienced. In addition, if some remember the January 2016 quote “Dutch police have arrested a former soldier suspected of killing Islamic State (Isis) jihadists while fighting alongside Kurdish forces in Syria last year, the prosecutor’s office said” (source: the Guardian). We need to consider how the law is impeding the fight on these Jihadists. We can all agree that the rule of law counts and as such it was legally the correct thing to do. Yet as ISIS becomes more aggressive in its inhumane actions, can we afford to remain this ‘legally minded‘ (read: politically correct in a legal way). I am not stating or inviting lawless acts, yet the law has ignored the fact that terrorists utterly ignore rule of law, in that regard, should they receive any consideration? In the view of some, the rights of non-combatants needs to cease in the eyes of prosecution, which in this view evolves as ‘if you go there to ‘hunt’ terrorists you might not be prosecuted, yet in equal measure you have no national protection to call on when things go south!‘, this is one approach and perhaps not the worst one, because when you consider that the Turkish diaspora in the top 5 nations, namely Germany, France, the Netherlands, the USA and Austria surpasses 4 million, most of them having ties of some sort to Turkey, the dangers of anti-Jihadi Turkey shoots in Turkey is not far-fetched. I am willing to go one step further, the amount of people signing up for that event would easily surpass the people who went to Syria to chip in, meaning that the Intelligence services will have an entirely new dimension of issues with radicalised returning veterans giving Europe at large more issues to deal with, that whilst certain logical systems are still not ready for the last three issues that plagued Europe and this too will drive nationalism and Eurozone rejection on larger scales.

In all this, we need to underline one issue in the entire alleged military plotter. the Quote “The German government has expressed alarm about the crackdown on alleged plotters linked to the coup while Turkey has criticised Berlin for failure to extradite alleged terror suspects“, is more than just a small issue (at https://www.thelocal.de/20170128/turkish-nato-soldiers-seek-asylum-in-germany-report), you see, this isn’t opening or closing doors between Germany and Turkey. It is merely handing opportunity to ISIS who will have options to cash in on the tactical advantages Turkey is handing to them. In that, the arrest of an ‘ISIS judge‘ around January 26th, implies that this judge remained around for 3 weeks after the attack, with possible more recruitment drives completed. The fact that his bum storage mobile was caught as well might assist the ISIS hunters (read: although it will be smelly data), the fact that ISIS has some level of organisation running on the European side of Istanbul should be seen as a worry and the current path President Erdogan is on might not be the best option, as it will very likely give way to more radicalisation, a path that ISIS has been exploiting a little too successful lately.

 

Leave a comment

Filed under Law, Media, Military, Politics

On the bridge of slavery

We have seen several steps coming, it has been in the air for a long time, yet, this is the first time where we see a clear step where we are clearly shown that the people no longer have a voice, we are no more than a collection of items in a long reign of collateral damage to MP’s and greed driven entities. The guardian gives us “MPs to push for further measures to increase parliamentary scrutiny of the Brexit process” (at https://www.theguardian.com/politics/2017/jan/25/theresa-may-agrees-to-publish-brexit-white-paper). This is the show of a group of toddlers who do not want their gravy train to end and they will give any excuse with assistance from the media to prolong their train and maximise their earnings. We see this in “which MPs now want to see before they are asked to pass legislation to trigger article 50“, there was a referendum and the people wanted to get out. Now we see MP’s scurrying to delay and to even stop that what the people wanted.

And the evidence is actually getting stronger on an international level. My issues is that the only one taking this to visibility is Richard Desmond’s the Daily Express and if I have no trust in the publishing ramblings of Rupert Murdoch, I am very much in favour of giving none to Richard Desmond either. Yet, seeking through the article for any name that gives any solid ground for other sources and I got it in Reuters. You see, we now have an almost Mexican standoff, meaning that we can ask President Trump to get into action. The issue is that Mario Draghi gives the quote “Any country leaving euro zone must settle bill first: ECB’s Draghi“, which makes me wonder whether this court jester of idiocy is making the statement as he has been racking up trillions of Euro’s in debt by instigating through flooding the market with funds, that in actuality has had no impact on the economy whatsoever. There is no one to clip the wings of this irresponsible person, those people are all too happy to get the juicy support that their future needs. That is how I see it and lets support that with the following parts that Reuters had in the form of a piece by Francesco Canepa (at http://www.reuters.com/article/us-ecb-eurozone-idUSKBN1542KL).

When we look at the debts, we see the quote “As these payments are not generally settled, weaker economies including Italy, Spain and Greece have accumulated huge liabilities towards Target 2 while Germany stands out as the biggest creditor with net claims of 754.1 billion euros“, so as Mario Draghi keeps on going like a spending jester with a credit card that isn’t his in the first place, we would see that these nations do have debts yet local parliaments never agreed on the spending spree to this extent. So when we get the quote “In a rare admission about the strength of feeling building up against Brussels the Italian pen-pusher Mario Draghi, president of the European Central Bank (ECB), said countries leaving the euro will face huge financial consequences“, we also need to take into mind who got the debt there. So when we see the threat from Mario Draghi, we should consider my article of June 30th 2014. A little over 2.5 years ago. (at https://lawlordtobe.com/2014/06/30/exit-strategies-anyone/), here I wrote “So, the dangers of additional debts from Europe would cripple the UK as well. This is as I see it part of the reason why the UKIP got such a huge success“, now we see that not only was it true, we now see Jester Draghi use it to keep France and Italy under his yoke, he is hereby hoping that the soft UK MP’s will give in, keeping the European Barge named ‘Irresponsible Spending‘ afloat. So, not only was I right, there is an additional issue that I initially proclaimed that the American Economy would drown the European one. I still believe that this is true, yet there is in equal measure now the chance that the ECB could with their irresponsible acts collapse the American one. Because when we see that three nations are shouting stronger and stronger that they want out is also a clear signal that the ECB has been, as I feared for a long time, stacking up debts to make the exit no longer possible. So in that, there is now an added need that Mario Draghi is to be halted spending ANY money at all. If he is forcing a ‘stay in until all debts are paid‘ he is also stating that he should not be allowed to spend any money that has not gone in, basically the ECB would have to go into a trillion plus euro debt and see it as an investment, which with the view of the three largest players wanting out, that step is a bad investment. So will Mario Draghi pull out, or will he hope on non-acting MP’s in several nations who are too fearful of change? Safe money is on the second one, but that in equal measure indicates that those hit by such extremes will seek more and more extreme political sides and soon thereafter, UKIP would be seen as the liberal view which holds the balanced centre of politics. How scary is that?

And we aren’t even close to the centre of blackmail. The view two weeks ago was “Intermediate Capital Group (ICG) will suspend further investment in France if National Front leader Marine Le Pen becomes president in this year’s elections“, which is fun as the scores of Financial advisors in London are looking for new eager shores that they can exploit. Even when we see the news, we see more and more ‘relabeling’ of what is, into what speculators want it to look like. When we see the title ‘Eurozone: Towards a stabilization of growth – Natixis‘, we see something positive, yet the quote “Jesus Castillo, Research Analyst at Natixis, notes that the Eurozone composite PMI remained almost stable on January 2017 at 54.3 and from the manufacturing sector side, it seems that once again Germany has driven the Eurozone expansion“, which seems nice, but from my point of view with the quotes “it means -0.1 point compared to December. The manufacturing PMI rose to 55.1 from 54.9 whereas the services sector survey has registered a small decrease by -0.1 point to 53.1” as well as “From the manufacturing sector side, it seems that once again Germany has driven the Eurozone expansion. The manufacturing index increased by 0.9 point from 55.6 to 56.5 whereas it declined in France (from 53.5 to 53.4) in January“, which means that in the Eurozone, only one nation is getting anywhere and the other 18 aren’t pulling their weight and not getting things done. Harsh, but true. It is in this collection of false relabeling scores, where we see ICG blackmail France, scores of banks blackmail the UK (question: should I use the word ‘blackmail’ or is ‘Psychic Assault’ a better word?), because that is basically what it is and the fact that these players are not named and shamed is an issue for me.

In this 10 days ago, we had the fact that the ECB is also making its choice of ignoring other voices “The European Central Bank will hold to its course at its first meeting of 2017 Thursday, analysts said, resisting clamour to tighten monetary policy from critics pointing to increasing inflation. Since December’s meeting of the ECB’s Governing Council, when it extended mass bond-buying from March to December 2017, price increases in the 19-nation single currency area have picked up. The increase to 1.1 percent from 0.6 average inflation across the Eurozone in December still leaves the indicator well short of the ECB’s target of just below 2.0“, meaning that the ECB is playing an increasing dangerous game whilst loading this debt onto a group of nations with already maximised credit cards. The fact that only Germany got any decent result is also an indication that the ECB is setting a premise that increases the overall European debt by 2 billion a day and nothing to show for it. We can accept and we need to take into consideration that some of these events are long term actions, yet in equal measure it didn’t work the first time, so the second time making it lasts longer is equally a bad idea, which is why he earned the Jester hat.

This reflects back to the EC, because as we see more and more push against Brexit, which some parties are hoping that it will in equal measure diminish the dangers of Frexit. Even as the BBC (at http://www.bbc.com/news/uk-politics-38753808) gives us that ‘Brexit: Article 50 legislation to be published‘, we see in equal measure “But it is expected to face amendments from MPs and peers, while others have said they will oppose it outright“, giving the people a new fear, the fear that the freedom they had on the referendum was fake, a virtual war where the will of the people was never real. We can accept that the “Supreme Court on Tuesday, when judges ruled that Parliament must give permission to start the Brexit process“, which is acceptable, yet in equal measure we now face that in all this, as the EC began this path was never properly set, the lawmakers deceived and betrayed the people of the sovereign nation of the United Kingdom. Even as we know that article 50 is merely the informing part that the UK is leaving the EU, the Supreme Court stopped this from ‘just’ happening, and in that I have no issue, the Commonwealth has always been directed by law (as stated earlier). It does become an issue to me when I see “face amendments from MPs and peers“, the question becomes, what amendments? The people want out and this group of people is growing fast, all over Europe. The bickering, blackmail and phony posturing by those not even properly paying their share of taxation has been a blight in the eyes of the tax paying people. So as we look at John McFarlane and his spearfishing, or is that spearheading a fishing campaign? Anyway, the AFR is reporting on John trying to keep the banks where they are. I am still decently certain that as Frexit is becoming more and more a certainty, those not remaining in London, or those vastly relocating staff, will within 24 months see a sway where they have to explain to the shareholders a massive loss, due to relocations, loss of staff and loss of opportunity and revenue, due to a loss of staff, whilst in equal measure needing to show massive expenditure in France and Germany whilst the revenue never got close to the change. More important, the anger of people with every delay on Article 50 is also prompting other nations to truly spearhead a move out of the EC. So as we consider (at http://www.afr.com/news/world/europe/stay-put-for-brexit-deal-banks-urged-20170122-gtwblk) the quote “Bankers have moved from talking about a “transitional” period, instead labelling it an “implementation” or “stability” period, mirroring the language and rhetoric being used by the British government“, this whilst no one is asking how come that London was the financial centre for Europe before the Euro existed, before we got this open borders stuff. The British centre of commerce was well established, so in all this, why would it have been lost in the first place and for those moving consider that a one market place might see best, but we have shown again and again that it only profits the large corporations and there is too much showing that the next 10 years will not be in hands of large corporations, it will be the smaller ones that will actually start economies and set changes. Those people still see London as the centre of their universe (whether reasonable or not). In that article there is one part that remains cause for concern You see there is truth in “Jes Staley, the chief executive of Barclays, said he did not think that Britain or the EU would use Brexit as an excuse to roll back the global financial framework that has been implemented since the financial crisis“, yet we know better and what Jes is stating is not true. The truth is that, as Reuters gave us in September 2016 (at http://www.reuters.com/article/us-basel-banks-eu-idUSKCN11W1PA), that the banks are very much in favour of rolling it back to some degree. As we see “The European Union may opt out of new global rules aimed at preventing another financial crash because officials are worried they put European banks at a disadvantage at a time when they are losing market share to U.S. rivals“, even at that point, a mere 4 months after Mossack Fonseca, more and more shifts were seen. There is more than one indication that after Mossack Fonseca got out into the open, many had to vacate places and move and interestingly enough, according to Andrew Penney, Rothschild & Co, the U.S. “is effectively the biggest tax haven in the world”, this is also how we learn that private wealth is doing just fine, it merely got as new letterhead from either (or both) an accountancy firm and a law firm.

How do these elements connect? What does wealth management have to do with slavery?

These are important questions and you need to ask them! You see, the freedom of choice, to leave the EU has been undermined for some time now. I understand that it was a close call, yet the Bremainers lost, and just like American Democrats, they are very sore losers, because they aren’t getting their way. In addition, those who have no vote and also require the Bremainers to win are large corporations who require every part of an inch of margin to keep their profits as high as possible, because their bonuses depend on it. That part is no longer an option as these people need to be held tax accountable, as well as these corporations require them to pay their fair share of taxation. With the EU behind us, UK laws can finally be adapted for this to happen. We see all the flim-flam presentations, bullying and blackmail on how they walk away. Yet we can clearly see that the UK was merely the first one. And some margin from 68 million consumers is better than losing 68 million consumers, which is what the UK is steering towards. The untold part is that all these noisemakers do realise that losing the UK and its customer population is really bad, so having some profit will always be better. So when we see the Guardian (at https://www.theguardian.com/politics/2017/jan/26/brexit-bill-mps-will-get-five-days-to-debate-article-50-plans), with Labour MP’s stating “to guarantee the protection of workers’ rights and securing “full tariff- and impediment-free access” to the EU’s single market“, gets the response ‘who are they kidding?‘, workers’ rights is one and that has existed in the UK long before the EC, in addition and the crunch is ‘tariff-free access‘, which is just to appease large corporations and that has been the problem these last 8 years to begin with. So who is Labour copulating to? (Oops: I meant facilitating for). In addition UK Labour wants as an amendment “to oblige the government to keep all existing EU tax avoidance and evasion measures“, which seems nice, but that could have been avoided if proper legislation had been pushed to come down hard on tax evaders. Yet Labour in all their terms did absolutely nothing to get that decently sorted, so screaming for it now seems a little redundant in my humble opinion.

As we watch from that bridge, we see twists and turns, whilst from the distance we see how financial institutes are enabled more and more, our freedoms fall away. The Financial times being the voice of Bankers on how the ECB is making its predictions. “The European Central Bank has stepped up its warning that it will be difficult for the UK to hang on to its valuable euro-clearing business after Brexit, calling for EU institutions to seek more, not less, oversight of the trade in London once Britain leaves the bloc“, (at https://www.ft.com/content/51a68c6e-e094-11e6-9645-c9357a75844a), which sounds nice and threatening, yet, do the people realise that when Brexit becomes a fact, Frexit will be around the corner and that also means the end of the ECB soon thereafter. So as we see the issues brought by Benoît Coeuré, we see in addition “we’ll have to know what are the new foundations, and whether this is good enough to ensure financial stability in the Eurozone,” he said. “Is that possible? I don’t know . . . It sounds challenging,” he said, adding that the issue “is not for the ECB to judge alone. The [European] Commission will have a say, governments will have a say.”“, this is fair enough, when the UK steps out, another European EC nation could end up clearing Euro derivatives, that is to say, where is that infrastructure in place? The article brings however an interesting side. With “Theresa May, Britain’s prime minister, indicated that financial services could be one of a number of areas where the UK would like to retain “elements of current single market arrangements.” But that idea of special sector-by-sector deals encountered an immediate pushback from other EU leaders, who are wary of British attempts to cherry-pick advantages of EU membership“, this view is not incorrect, yet in equal measure, what cherries would the Amsterdam, German and French markets like to pick? The point I am trying to make is not the issue by itself, which is fair enough, the issue is surrounding the people behind the curtains. People like Mario Draghi, Benoît Coeuré and the other four. When push comes to shove, I feel that they for the most have their own needs in mind, the public at large should have seen by now that the ECB has been pushing their own game, the rising debt is only one of the games played. The other one is actually shown in an interview with Romano Prodi (at http://www.italy24.ilsole24ore.com/art/politics/2017-01-16/intervista-prodi-132036.php?uuid=AEIWmr), there Prodi states: “The euro area’s economy is however recovering, although, according to European Central Bank President Mario Draghi, the main risks come from the field of politics” on one side we see that the ‘recovery‘ is misplaced as shown earlier is  at less than one percent and Germany is the only one achieving it in the end, that is not recovery. What Mario Draghi calls ‘the main risks come from the field of politics‘ sounds nice, but in the end, most politicians have an economic knowledge that is a mere joke (slightly less than my non-economic education), they get their advice from economic people most of them connected to banks, and they don’t want Brexit to happen. In addition, as shown earlier, the banks are starting to push back against Basel because of the US advantages, meaning that the banks are becoming larger risks again. Does anyone remember how these bankers ended up in prison in 2008? They did not! Their quality of life only increased to the larger degree whilst the rest of us saw a diminished quality of life that even today has not restored itself. So the view from the bridge is not that great, it shows on how we lost too much and in all this Bremaining could spell even more disaster before the end of the year. That last one is not a given, but we always knew that there would be hard times. Now we only need to worry on when that crash does happen, on how the ECB will blame everyone except for themselves and their utter reckless spending of trillions. The bridge of slavery has no view, yet unlike the Hussaini Hanging Bridge you do not get to die if you are ‘lucky’, you get to live through the agony of cleaning up the mess others made and they end up being protected and not held accountable.

 

Leave a comment

Filed under Finance, Law, Media, Politics

Missed it by THAT much?

It started last night. Actually, it started a little earlier, yet I get information from so many sides, that I have to make a choice what I focus on (my final assignment for my master degree being the big number one). So when I initially heard about a missile issue I had no real interest. You see, the things PwC is up to with added narration of missed issues on Tesco, BHS and two others is a lot more interesting to me. Any missile issue tends to be a simple engineering problem. At times it is about other matters, but that is once properly tested a mere 9% of the time, with 91% being engineering or interfacing, which is basically another realm of interfacing. Oh, for the underlying entertainment. I am writing this whilst listening to The Tales of Hoffmann, which is applicable to all this on more than one level.

So back to the Lockheed Trident we go. Let’s start with the BBC (at http://www.bbc.com/news/uk-politics-38719346) with “Theresa May finds herself under pressure for refusing to answer whether she did, or did she not know that something had gone wrong with our nuclear weapons, when she asked MPs to vote to renew the costly Trident system?

So when I see “So the simple “who knew” question will keep being asked. And for as long as the opposition parties keep pushing for clearer responses, ministers will keep looking like they are awkwardly, even shiftily trying to evade a straight question“, I feel that asking the question is a loaded canon to say the least. In this day and age, regarding any issue on nuclear facilitation, do you really want the other players to openly know that UK defence does not work, so Russia and/or China only needs to work about each other and the USA? With pressures at present it is not the best idea to say the least.

My issue is with “A missile test involving Britain’s Trident nuclear deterrent system ended in failure off the coast of Florida last year, a US defense official with direct knowledge of the incident told CNN on Monday“, so not only are US defense officials sanctimonious on the best of days. It seems that they have no problems revealing certain classified events when it concerns their allies.

OK, I can accept that, so how about I reserve a little space at the end and let the public at large know on the storage issues that PRISM is still bringing, not the observation part, but the fact that the storage as it had been one and how the list of people with access was a lot larger than anyone realises. With the New York Times bringing the people on June 6th 2013 ‘U.S. Confirms That It Gathers Online Data Overseas‘ (at http://www.nytimes.com/2013/06/07/us/nsa-verizon-calls.html), but that the quote by Josh Earnest “has been a critical tool in protecting the nation from terror threats as it allows counterterrorism personnel to discover whether known or suspected terrorists have been in contact with other persons who may be engaged in terrorist activities, particularly people located inside the United States.” is missing one important element, which is “it equally allows the better hackers to alert certain people of red flags they can scan for“, which is not something they wanted us to know. I’ll get back to that later.

Let’s focus on those Lockheed cigars named Trident. You see, there is a question why the US spokesperson opened his mouth in the first place. When we consider (at http://www.businessinsider.com/upgraded-trident-ii-missile-being-tested-from-us-nuclear-submarines-2016-9), the quote “This was the 161st successful Trident II launch since design completion in 1989“, now I have no idea how many test launches we have seen, but 161 good strikes sounds like a good deal, so why suddenly this ‘revelation‘? I am all for fair display of facts, including failures, but the air that this one flaw gives give in addition other considerations, so if this US spokesperson thinks that the UK is grateful for him opening his mouth, I think it is time we make sure his bosses make sure he never considers that ever again. This all gets us to the reasoning of that US spokesperson.

Brown University is/was housing a Nina Tannanwald, who had an interesting essay. Titled ‘Renewing a Regime of Nuclear Restraint‘, we get “the non-nuclear weapons states of the world are growing increasingly impatient with the failure of the nuclear weapons states to move toward what are seen as their moral and legal obligations to eliminate their nuclear stockpiles. The humanitarian consequences movement, a globally popular movement barely discussed in the United States, is one reflection of this frustration with the slow pace of nuclear disarmament. A similar tension plays out in the United States, as the Obama administration committed to move towards a world without nuclear weapons while concurrently authorizing a multi-decade, trillion-dollar modernization of American strategic nuclear forces“, there is a truth in this, there is also the realisation that even as most want to move into a non-nuclear era, with Iran and North Korea in the mix, that is a reality that will not come any day soon, if ever. Time has taught us that putting the genie back in the bottle is not an option. If that is not an indication, try to interview Pandora on what happened to hope. Good luck with the answer to that one in this day and age!

Yet when we consider Tannanwald, there is more and more the need to consider Robert McNamara’s presentation to NATO in Athens laying out flexible response doctrine. I think that Robert McNamara is one of those essential Americans that show the American spirit. Serving under both John F. Kennedy and Lyndon Johnson, he has been confronted with the need to alter perspective and a dimensional scope that has been almost unheard of ever since. He is almost the founding father of policy analysis. In addition he is the person who consolidated functions that is amongst others now known as the Defense Intelligence Agency.

So you might think of him as a spooks Yoda, with a flair for pragmatism. Which gets us to the opposition in all this, namely Dr Julian Lewis, who in the Guardian stated yesterday (at https://www.theguardian.com/uk-news/2017/jan/24/commons-watchdog-criticises-unnecessary-surreptitiousness-trident-missile-malfunction) “chairman of parliament’s defence watchdog has criticised the government’s “unnecessary surreptitiousness” over the Trident missile malfunction, as Michael Fallon declined an invitation to appear before his committee“, in this we congratulate Dr. Lewis for his ability to employ a 17 letter word, yet the issue in all this is twofold. the first is that as far as we can tell this is a 1 in 161 cases, making it an outlier that could have been addressed outside of the view of the public, second that the Government had already clarified a need much earlier (which I will point out a little further, with a link off course) that there was a certain need, that need is now directly undermined. Perhaps there is a political need to get something else started and scuttling one solution will open up a set of new problems onto which certain people with interests can throw a lot of money at, they would only need to get rid of 4 submarines. We know that a new HMS Dreadnought is coming, but what is possibly less known is that a refit of the Vanguard Class should start in 2019, which will impact the defense budget because an overhaul of this kind really requires a serious amount of coins. Now, the latter part is speculation, but is it far-fetched? It is 2017, these matters take time, there is no doubt about that, so there is a gap where certain actions have a lot of impact and the misfire is just a lucky break for some people. In all this I could be, and I am probably wrong in all this. Yet when you look at the facts as they are clear, as we know that our cold war opponent has satellites, so they know about the event, calling this into the open only serves another platform. I have no idea which one, but the visibility of these events call a lot into question, especially the actions of a blabbing yank. Now, for some this might actually be one of those democratic losers with no prospect considered ingratiating himself to optional future employers in the media as this person could be democratically replaced by the new party in charge if his function was high enough and the CNN quote “US defense official with direct knowledge of the incident told CNN on Monday” implies that he is higher up the ranks to some degree.

So how does this reflect back to Trident? Well, if we accept that regional tensions are made worse regarding nuclear policies by unstable regimes where the mental balance of the one in charge leaves a lot to be desired (examples: Kim Jong-un and Mahmoud Ahmadinejad, when he was in office) , we should consider that the solution does not work, tension is not eased, it only invigorates that person to consider pressing the famous red button. This comes mainly from the premise of the thought ‘theirs might not work initially‘, which would only instigate a false sense of ego of that person pressing the button. I am going one step further stating that such a person could call in some simpleton cook, asking him ‘Can you press this button? My hand hurts!‘, so that unsavoury character now has the genuine option of remaining in denial.

Even as we consider that 2 out of 161 might not work, the stats are extremely unkind on the chances for the receiving party. Still the issue remains, what was that US spokesperson thinking off when he/she considered speaking on the matter at all was a good idea? Don’t get me wrong, I am not stating that we should be lied to, but there were clear security considerations in play and I wonder if that person was even high enough on the pay scale to make have this consideration, speaking out regarding an allied nation (read: the UK).

My view?

Well, personally, when I look into the error, I am considering that it was not a simple flaw, you see, when the missile is off by a degree, or even less. When it is that small it becomes an issue because that takes time. When the direction is off by a maximum dart score round (180), it tends to be a simple construction flaw, an interface that was not properly checked, basically, the kind of flaw that requires Lockheed (on average) to send the next missile at $0 (and they also have to pay for postage, packaging, gift wrapping and shipping too). Which would be another reason for some people not to speak, unless officially ordered to do so, as it would start an entirely different debate on the Trident Project. So in this light, as we see that 1 out of 161 went wrong, the dust cloud is very much disproportionate to the events as we see them. Even when we see the connected views on Jeremy Corbyn, who has been for the longest times in the light of ‘Jeremy Corbyn says he will put nuclear disarmament at the heart of his leadership re-election campaign‘. which  is what we saw in July 2016, in September 2016 we see: “to put to one side any attempt to reverse Labour’s support for renewing Trident in a bid to reduce tensions with unions and rebel MPs“, yet that ship has sailed, so he can ‘revive’ his lifelong view of being the soul that is anti-Trident. We might see that as a decent view, yet in all that we see evolve is it the correct one? I think that there is no clear answer and this is not on Jeremy, but it all now shows to be a valid political attack, which he cannot be faulted for. Yet how to proceed?

What makes a cigar a cigar?

So this Lockheed device has several elements. I will not some conceded jerk telling you what went wrong. We can speculate that the electronics were wrong, yet what if that is actually not the case? Consider the following sources. the first (at http://www.publications.parliament.uk/pa/cm200506/cmselect/cmdfence/986/98605.htm) gives us at [40]: “‘De-targeting’ and ‘State of Readiness’: The SDR stated that the Trident missiles aboard the Vanguard-class submarines would not be targeted and would normally be at several days ‘notice to fire’. However, the SDR also noted that “we will… ensure that we can restore a higher state of alert should this become necessary at any time”. In the course of our inquiry, we were told that targeting the missiles does not take very long“, in that is it not interesting that an actual metric was not given?

In addition we get “Dr Rebecca Johnson, of the Acronym Institute for Disarmament Diplomacy, argued that both de-targeting and the reduced state of readiness were essentially meaningless since they could be could be easily overridden“, which was in the same paragraph and it gave me the part that is soon to come. You see (at https://www.gov.uk/government/publications/uk-nuclear-deterrence-factsheet/uk-nuclear-deterrence-what-you-need-to-know) we see ‘A minimum and credible deterrent‘, with the quote “we require a fleet of 4 submarines to maintain 1 continuously on patrol and retaining this posture is essential to assure the invulnerability of the deterrent“.

So, this is me speculating, the triviality that we saw regarding the ‘we were told that targeting the missiles does not take very long‘. So what if the targeting could be messed with? In this day and age, is that such a leap? If that is true and if the targeting can be messed with, the issue now becomes that Her Majesty’s Navy now has 4 cigar boxes that could potentially be regarded as useless, making them extremely expensive non-deterrents. Let’s not forget, this is pure speculation, so it becomes only the smallest of options if the missile was not malfunctioning in a normal way.

So how does this reflect on me making some other case earlier and why mention it?

Well, let’s take you through the motions, it will take a few paragraphs. First there is “NSA whistle-blower Edward Snowden has denied he committed treason with his revelations that the US had been hacking Hong Kong and China since 2009. He said his revelations did not disclose military targets – a treasonable act – only civilian infrastructure“, try and focus on the red parts in all this. The next part is “Without asking for public permission, the NSA is running network operations that affect millions of innocent people. In a previous interview with the South China Morning Post, Snowden said he was releasing the information to demonstrate “the hypocrisy of the US government when it claims that it does not target civilian infrastructure, unlike its adversaries“, which gets us part of the first part. The source is the IB Times (at http://www.ibtimes.co.uk/nsa-whistleblower-edward-snowden-479709) and they are only one of several sources.

From that same source we get “Internet companies – including Facebook, Google, Yahoo, Apple and Microsoft – were reported to have given the NSA “direct access” to their servers under a data collection programme called Prism” as well as “US government agency had access to the raw databases of these companies. “They can enter and get results for anything they want [such as] phone numbers, email, user id, cell phone handset id,”” and “Additionally, audits are cursory, incomplete, and easily fooled by fake justifications. At GCHQ, the number of audited queries is only 5% of those performed.” now we need to consider that “He was employed by several outside contractors including his current employer, defence contractor Booz Allen Hamilton“.

Now I make one step back to a statement I made some time ago. You see, there is a part that never rang true, especially as the amount of data he allegedly took with him, yet this data never saw the light of day. In addition, for one person to have this level of clearance and access is something I always questioned! On the 23rd June 2013 I wrote ‘Who are the real watchers?‘ (at https://lawlordtobe.com/2013/06/23/who-are-the-real-watchers/), in there I wrote “his account is broken down and thousands of dollars on internal communications, price agreements, customer’s details and many more details are now duplicated. It would be worth quite a few coins for the right competitor. As such the quiet student will have all his University debts paid off long before he gets his degree. So, what is this about?“, which I bring on January 18th 2014 in ‘Diary for a wimpy President‘ (at https://lawlordtobe.com/2014/01/18/diary-for-a-wimpy-president/) with “The government will no longer store the phone call information of millions of Americans. But he did not say who should maintain the information, instead giving the intelligence community 60 days to come up with options” as well as former Presidents Obama quote “What I did not do is stop these programs wholesale, not only because I felt that they made us more secure, but also because nothing in that initial review, and nothing that I have learned since, indicated that our intelligence community has sought to violate the law or is cavalier about the civil liberties of their fellow citizens“, the point in all this is not just the traitor Edward Snowden, who decided to become the judge, what also happened is that several sides of this went to private contractors, some of them very much greed driven. It is my belief that one event is linked. It was given on October 5th 2016, I wrote about it, but I will not give the link. The Telegraph (at http://www.telegraph.co.uk/news/2016/10/05/nsa-contractor-charged-over-alleged-theft-of-secret-us-governmen/) gives us the parts we need. “Harold Thomas Martin, 51, was secretly arrested by the FBI in August for allegedly stealing classified information. The US Department of Justice says it found Top Secret documents in Mr Martin’s home, vehicle, and two storage sheds on his property in Glenn Burnie, Maryland during a search on August 27th” as well as “Those documents were reportedly “source code” developed by the NSA to hack its adversaries. The codes would allow the NSA to covertly place malware in the computer systems of foreign governments and to monitor or even attack the networks“. Now, the part that comes next remains speculation!

I think that is exactly what has been happening. I think that whatever Harold Thomas Martin did get out before the NSA/FBI could lock down on it. I think that these contractors have been doing their job, but I also believe that someone has been getting access because part two gave access to part one and those people aren’t sworn in executives of agents of any government.  What if we consider when we combine the ‘claimed facts‘ as published, where other parties have been gathering information from selected mobiles, and where users have been interfered with. You see, we all got the messages as seen (at https://www.nytimes.com/2016/12/13/us/politics/russia-hack-election-dnc.html), where we see “At least one computer system belonging to the D.N.C. had been compromised by hackers federal investigators had named “the Dukes,” a cyberespionage team linked to the Russian government“, so even if we question whether this is a Yay or a Nae, the issue is that the DNC is not the gemstone. Yes, most foreign governments want to see in what direction policies are likely to go. Which is why people like Marine Le Pen are getting monitored and not just by the French. You remember the earlier quote “giving the intelligence community 60 days to come up with options“? What if that has been rolled out, don’t you think that both the Russians and the Chinese are a lot more interested in access to those systems (read: that data)? Now we see the dangers that Harold Thomas Martin brought to America, the fact that these intrusion tools are in the open and possibly in Russian hands. We now see that tools can be used against their collection points. They only need to open one port and slowly siphon data away. How much damage do you think that this brings. In addition, and this last part is pure speculation, as those Tridents rely on ‘targeting the missiles does not take very long‘ yet if the specifications come from the outside, can these tools interfere with that? Do not forget that “would normally be at several days ‘notice to fire’” implies that there is a track that the targeting goes through and only the final step is the most secure one. Can we even know how secure those previous steps are? Which tools have been pushed to less controlled civilian hands due to the entire Snowden debacle? What dangers has he placed us all in? We now see via the Wall Street Journal and The Australian that what is now published in 2017, I already covered to some degree in 2013, I was correct to the largest degree all along. We see the quote “According to a unanimous report declassified on December 22 by the house permanent select committee on intelligence, the investigation showed Snowden had “removed” 1.5 million documents“, with added “based on, among other evidence, electronic logs that recorded the selection, copying and moving of files“, another issue I raised due to my knowledge of SE-UNIX. The fact that he had done this over a period of 6 weeks implies that there is a level of what should be regarded criminal negligence concerning Intelligence matters which is truly unsettling. The fact is that this stuff went into the open void, the question was who else got a hold on that stuff? The Wall Street Journal gives one part I never had (due to a lack of specific knowledge). That part is seen in the quote “Since the NSA was created in 1952, Russia and other adversary nations had been trying to penetrate its Level-3 secrets without great success“, he fact that they clearly have access to some degree, both Edward Snowden and Harold Thomas Martin have made that a near certainty.

This now reflects back to the Lockheed devices. Consider that the UK has a different methodology regarding its missiles. If a test was performed through the normal track and if we accept that the Russians have to some degree Level-3 documentation ‘access’, when we also accept that they have a clear understanding on the PRISM system now and we already know that both China and Russia can interfere with data packages (read: transmitted data) whilst in motion, is it really far-fetched that they intervened (read: corrupted) the data meant for the failed Trident test? Let me reiterate, I am not stating they retargeted that missile as there are too many components they do not control, the package just needed to be corrupt to the smallest degree, which would get the missile into a wrong destination and then self-destruct. Now, as stated, this is speculative, yet based on data which after 3 years is now proving to be utterly (read: mostly) correct. Is the speculation that far-fetched? And Russia has every reason to scuttle the UK Vanguard units now before the newer and totally unknown entity HMS Dreadnought comes into play, as stated by other academics in this field that it is  ‘essential to assure the invulnerability of the deterrent‘, when that invulnerability is gone, what remains?

I can tell you that I might not be entirely correct, but I can tell you that based on 3 years of data coming true that my aim is a lot better than the latest Lockheed Trident missile, which was allegedly off by almost 180 degrees.

 

Leave a comment

Filed under IT, Media, Military, Politics

As the costs come

There is an issue that we see floating at Pressnet. Actually it’s an issue that started last week. I got the news from Retail Week (at https://www.retail-week.com/companies/bhs/bhs-admin-costs-spiral-as-mps-demand-answers/7017777.article), yet it came from several directions, so there is ample visibility. Yet, what is going on? This is an important part and even as there is great benefit to anyone’s soul to blame PwC for this, yet is that fair? The question becomes, is it in the books? When we look at the previous audits, was the quote “BHS administration costs have come in at £1.3m more than expected as MPs question a £35m ‘floating charge’ paid by Arcadia” a fair question? In all this, are these floating costs in the books? I actually do not know, yet I equally question why certain parties aren’t openly asking these questions at the PwC desk. Is that not equally odd?

The two quotes that matter are “If it was such a completely standard move, as Duff & Phelps claim, one wonders why it was reversed by the co-administrators as one of their first acts upon being appointed, and why the PPF seems to take a rather different view.” and “Meanwhile, Field questioned the transference of a “floating charge”, put in place at BHS by Green’s Arcadia Group. Duff & Phelps transferred the charge to Linklaters last October“, this now gives us the parts:

  1. If we accept the bankruptcy announcements of April 2016, how come that this is done in October 2016?
  2. If we accept that a floating charge is ‘a liability to a creditor which relates to the company’s assets as a whole‘, than the part that this is a credit to the Arcadia group should be in the books, and should have been in there for some time I gather, so why are there no questions asked at the address of PwC, in addition, why are MP’s not asking certain questions from Linklaters? Now, we should accept that Linklaters cannot divulge too much (read: any) information, yet when this was all set up could be seen as mere administration and that needs to be logged, which means that either Arcadia or BHS could release that information, if they choose not to do that, the question that follows should be a lot more serious and we need to wonder what else is in play.
  3. When we look at the quote “If it was such a completely standard move, as Duff & Phelps claim, one wonders why it was reversed by the co-administrators as one of their first acts upon being appointed, and why the PPF seems to take a rather different view“. In that I look at another issue, the quote found in Professional Pensions gives us “A spokesman for FRP Advisory declined to comment, adding all that needs to be said is covered in creditor reports“, yet if it is there, should it not also be in the accountancy audit? That is an assumption from my side, and I could be wrong, yet the amount of £35m moved via Linklater in April 2016, if none of the audits has this on paper, questions should be asked, if it is there, questions should still be asked, yet it seems that questions are asked in such a late stage. In all this, City A.M. gives us: “Tension has been building between the PPF and Duff & Phelps throughout the administrative process. In November, the PPF voted against Duff & Phelps’ request to increase its fee. Malcolm Weir, head of restructuring at the PPF, said BHS pension scheme members deserved “value for money”“, which sounds fair enough, yet in all this, even if Arcadia hasn’t received the funds at present, the fact that we see “The £35m was never paid to Arcadia. It was always held in an account to our order. Our legal advisers have confirmed that the floating charge is valid. However, I understand that the liquidators and their legal advisers have made comments concerning its validity, but, I nor my legal advisers, have received any evidence to support their view.” In that regard, we now see that legal advisors are on opposite sides and both sides claim their version of validity, as legal advisors would. This is not in question at present, what is interesting is that the media at large have not included PwC in any of this, as they have been seen as the auditor of BHS. Oh, and there was a reason for me mentioning: “if none of the audits has this on paper, questions should be asked”, be aware that I have no experience on corporate taxation. However, would it not make sense that a £35m invoice would impact next year’s taxation significantly and as such, should it not be mentioned?

In this let me take you back to the previous article, where I discussed the Financial Times (at https://www.ft.com/content/4c3965f2-3c4e-11e6-9f2c-36b487ebd80a). Here we see “The Financial Reporting Council said its investigation related to PwC’s audit of BHS accounts in the year before the retailer was sold by Sir Philip Green’s Arcadia Group, in a deal that wrote off £215m of debts“, which is fair enough. In addition we see “At a committee session in May, PwC partner Steve Denison was asked by MPs to explain why the firm was prepared to sign off BHS as a “going concern” just days before its sale for £1“, which is fine too, yet where in all this is the £35m transfer to Linklater for the Arcadia group? If Duff & Phelps took control in April, would the accountant not have been aware of the thirty-five million, as such should PwC have been aware? (Read: not implied, yet questioned).

Let’s not forget that the Financial Times article was from June 27th, which means that the £35m should have been on many minds at that time, yet for the longest time there was little to no mention. I would think that if a firm is sold for the price of a mere Tesco Sliced Wholemeal Batch Loaf, would a question not be ‘What else needs to be paid for?‘ at that point the entire £35m transfer should be on the top of everyone’s mind, especially as there was a decadent pension gap issue many times that size? Perhaps it is just me, but that would be on my ‘media’ mind. Not just the actual newspapers, a few other publications (like TV and morning shows) would have had a field day with the mention that pensions will remain short, but the bosses will get squared for that thirty-five million. Emotions would be running high that day, let me guarantee you that emotions will run high on that topic!

In that regard, some MP’s are starting to ask additional questions as we see a fees increase £500,000 for Duff & Phelps’s. I wonder how many additional man years of work have been spent that warrants a £500K increase. The week gave the quote: “When they were appointed last April, initially at the behest of Green and then approved by the BHS board, the company estimated its costs would be around £3.5m“, now I imagine that an insolvency comes with all kinds of complications, but how much work, how many months of full day activities warrants £3.5M? I do not know, I am merely asking, especially as the pensions have been for the most unpaid for years now. The site this is money gives additional connections in the shape of Goldman Sachs, where among the top earners at the investment bank’s London office will be the former co-chief Mike Sherwood, who faced questioning from MPs last year over the bank’s role in the BHS scandal. He landed a $21 million pay and bonus package last year, worth £15 million at the time (at http://www.thisismoney.co.uk/money/news/article-4120336/Now-bankers-bonus-Brexit-Goldman-staff-BHS-probe-donate-pension-fund-says-MP.html).

Now a lot of this news is between 1-2 weeks old and a few items are merely days old. Yet in all this we see a massive drain to less than a dozen people, where including Arcadia a syphoning through invoicing has surpassed £50M if we include the Arcadia bound payment, yet all is not well as several sources give large payments in their report, yet the exact part of what represents BHS is not given, but implied to be a large part. As such Mike Sherwood might have ended up with 21 million dollars, yet what part is though or because of BHS is not given, in his position, with his amount of accounts, the BHS part could be less than 1%, and as there is no clarity, the Week who gives us in addition “Huge payments to bankers who worked on the BHS deal could prove particularly controversial“, only if the bulk of these payments were regarding BHS, but that is not a given, I would add, it is exceptionally unlikely. By the way, those people did not really bother reporting that when Greece got back onto the markets In April 2014. In my article ‘Are we getting played?‘ (at https://lawlordtobe.com/2014/05/18/are-we-getting-played/), where we saw the disastrous act of Greece getting back on the bonds field selling 5 billion in bonds. Yet the media at large was very very eager not to mention that the few bankers connected to this ended up with a total bonus of $50 million for what amounts to 3 days of work. So on one side they refuse to give the info, now we see incorrect (or at least incomplete info), with a reference of 21 million, the package of Mike Sherwood.

Yet there is more, the part I find hilarious is “Frank Field MP, chairman of the Work and Pensions Select Committee which quizzed the Goldman bankers on the deal, said: ‘This gives them an ideal opportunity to donate something to the pension funds, to make partial amends for the failure to give effective advice“, you see in that, he didn’t make any such reference to PwC. Pricewaterhouse Coopers, has been seen on the minds of a few as we see (in the Telegraph of all places) “select committees have also said that they have welcomed the Financial Reporting Council’s investigation into why PwC audited BHS’s accounts as a going concern when it was evident the high street chain was dependent on support from Arcadia Group, Sir Philip’s empire which includes Topshop, Dorothy Perkins, Miss Selfridge and Burton” in that the red flags of pension deficits we see a £571m pension deficit and kindly audited by PwC, so who else are they auditing in the Empire that is (or was) part of Philip Green?

Yet in all this, at present there is, just like with Tesco very little noise regarding the Financial Reporting Council and PwC, it seems like the press walks away when these two are mentioned in one sentence. After June 2016 there is abysmal little to see, which after Tesco and BHS that should be a little weird. Even when we look at the BHS elements now, overall the Auditor is left unseen in more serious ways, other than that Tesco is now hiring PwC again for other services, which after the shortfall and the DeLoitte results is a little bit weird to say the least.

You see, last year Aditya Chakrabortty in an opinion piece wrote: “Cameron warned of “the slow-motion moral collapse that has taken place in parts of our country these past few generations”. He was right. It’s just that it’s been led by those at the top – the ones at the boardroom tables, their expensive helpers – and their mates and supporters in politics using taxpayer money to wave them on” is not a wrong view, it comes three years after I made pretty much the same claim, so we can see that some players are a little late to the party. What is linked that when it comes to the matters as happened with BHS, crime literally does pay. It does for the auditor, the business men who own the place and sell it for £1 as well as the politicians who threaten with a £1,000,000,000 fine which will never happen (that pesky thing called the law gets in the way). You see, for many of us and for the victims it is a crime, yet from a legislation point of view that is not certain and it seems that no crime took place, because the people are not in jail, not in the dock and not in court. They are refurbishing their £10 million estates, whilst the working victims cannot make ends meet and where the auditor gets rehired by those they seemingly wronged for even more high priced consultancy.

As the costs are handed to the corporations in the shape of invoices, we see that crime seems to pay and it does so at a lower tax bracket than normal incomes. It can be stopped, you could be on the other side of the equation. You only have to be willing to do the one thing others did not anticipate and you have to be willing to be utterly ruthless. Basically you have to become a businessman like Sir Philip Nigel Ross Green and hire and firm like Pricewaterhouse Coopers to advice on your endeavour and audit it.

 

Leave a comment

Filed under Finance, Law, Media, Politics

Up for grabs

Have you ever considered a deal that is almost too sweet to consider. Have you ever walked straight into a room seeing that one special item thinking that the price is off, too good to be true. Yet, you look again, as inconspicuous as possible and as you do the maths in your head three times over, you start to realise that you are there, others are there but they either missed the deal, or they were looking at something else. That is where I find myself this morning. Not unlike a day in 2001, as I walked into a small obscure bookshop where I noticed the original 7 hardcover books of Tolkien’s the Lord of the rings with his autograph, the price? £39, I felt like a thief when I paid the man, he sold it with a blank expression in his eyes. I walked out shaking like a leaf and I remained in denial for at least two more days. This is how I feel now when I look at Handelsblatt Global (at https://global.handelsblatt.com/finance/goldman-sachs-weighs-deep-london-cuts-amid-brexit-concerns-685516), where I see ‘Goldman Sachs Weighs Deep London Cuts amid Brexit Concerns‘, could they actually be this stupid? Could I get my fingers on Goldman Sachs for almost literally an apple and an egg? That is a Dutch expression for selling or purchasing something for anything massively below expected price. Like buying the Ducati 1299 Panigale for only £99.95. It’s a world gone mad, and in this case Goldman Sachs will end up doing their own devaluation. Consider the facts. They move away from the central Hub London, which has been there for a lot longer than the Euro, they are now moving to Germany where there is a civil law system and the KWG (Kreditwesengesetz) is Iron Law. Whilst at the same time, its two nephews German Solvability Directive (SolvV) and German Mindestanforderungen an das Risikomanagement (MaRisk) can rock the foundations of the Goldman Sachs board in Germany in ways they have never comprehended (or so it seems). That is the move they are ‘advertising’? That article, with a picture of Lloyd Blankfein, the CEO of Goldman Sachs, like he is looking out of a window wondering where the hell his retirement is at. At that same move, we see the quote “Personnel in Goldman’s trading business who develop new products as opposed to advising customers would move to the bank’s headquarters in New York, the sources said“, so those making new products will move away from the area of the people buying it, so they either fly back and forth (impacting contribution) or work remotely alienating their customer base. So is this a serious considered move?

If so, than Goldman Sachs needs to realise fast that once their UK base is deflated to the size they claim, and when the Frexit vote passes, Italy and Germany will not have any options to keep it all afloat. More important, with logistical options diminished and having pissed off France and England, they would have to face conditions to move to France and they end up not getting a foothold into the UK to the degree they once had, because the competitors of Goldman Sachs, like Morgan Stanley would have gobbled up a few of the London links Goldman Sachs lost, in addition, CITIC who took a few body blows will be hungry for whatever Goldman Sachs left in the air as they moved to the mainland, lowering the value of Goldman Sachs overall. In that atmosphere Lloyd Blankfein needs to realise that the move is more than just a bad idea. Perhaps he does know, perhaps this is another shot over the bough to the UK telling them to play nice or else. This from a firm who in a 639-page report was accused of misleading investors and setting out to depress the US mortgage market, ensuring that it would win high stakes bets that the market would fall. That firm is playing footsie and chicken with the UK? Well, that is one that they will not just lose, it will be the act that any person with an apple and egg (preferably boiled hard) could walk into the board of directors offering that as payment for the firm. I wonder who in that board of directors will take the offer first. For the Macquarie group the move would be very nice, that group could grow a lot. They might resort to taking the small fish that Goldman Sachs left alone, but those 800 firms might not have stellar results, but they have remained stable for at least half a decade and even as we agree that stable is not sexy, it does make for a very nice secure foundation to grow on, good luck getting such results from Poland, France or Spain. and as France and Spain are founded on the local markets for language reasoning, the Frexit groups will see Goldman Sachs as a remnant of dire pasts, is that regard there is (a speculation by me) the chance that Goldman Sachs would, through the move facilitate the customers they had to port away as those clients are no longer represented through London, which still has a sizeable value to the clients they had whilst in London.

You might think that this is all untrue and that Goldman Sachs will continue in London in a diminished capacity. Well, consider that one of the largest greed driven entities is downsizing by 50%, do you think that this is merely a corporate downsize? the 50% moving away had its jobs to do, by doing it somewhere else, it is not doing in an additional location, it is doing it in another place, with a different set of admin laws and goals. If you had an accountant, and he is sacking 50% of its staff, do you think you get the same level of service, or is it possible that whomever remains in London needs to look at twice the amount of clients? And if we accept that, how much care will you receive at the same amount of annual contribution? With its posturing Goldman Sachs forgot the cardinal rule, it needs clients and clients in the UK remain, clients remain but their perception on begotten service will diminish and they will seek the firm giving them the service that they expect to receive, the time they expect to receive and GS will be only half its size with other offices in different time zones. So yes, there will be a consequence for Goldman Sachs. The offer that seems too good to be true. So as CITIC, Morgan Stanley start their campaigns, their visibility with advertisement like: ‘the firm that has been in London for the longest of times remains, and we will give the same amount of attention and resources, dedicated to you, your business and what you need‘. That firm could start up softening the Goldman Sachs clients and the moment the announcement of the move comes they just need to invite those clients to a nice breakfast meeting with a deal ready to be considered for signing. You see, the moment the move is announced and the moment Frexit will seriously start, the investors will realise that the UK market was a lot more important and when XNYS:GS hits (-4.62%), I’ll just walk in holding an Apple and an Egg seeing who in the board of directors will take the deal.

As HSBC and UBS are closing ranks with Goldman Sachs, you have to consider that I am wrong!

That is only fair. Let’s face it, I have no economic degree. Yet, when Brexit came, when it became something serious, these people were all ignoring it, they were all claiming that it would never go this far. I was proven correct and now the Financial Gravy Train is changing gears as it’s not as profitable as some expected it to remain, those people are trying to restore their Status Quo and their amount of gravy per pay check. Yet, the unfounded move, the emotional outcry of these people making no less than 50 times the average income, those people are trying to force open a dialogue and a new place of exploitation. The quote: “UBS chairman Axel Weber said that about 1000 of the Swiss bank’s 5,000 employees in London could be affected by Brexit, while HSBC Chief Executive Stuart Gulliver said his bank will relocate staff responsible for generating around a fifth of its UK-based trading revenue to Paris” is actually a lot more funny than even he realised (at http://www.afr.com/business/banking-and-finance/goldman-sachs-hsbc-ubs-all-warn-of-moving-jobs-from-london-on-brexit-20170118-gtu8cj). You see, Frexit is still growing and it is slowly becoming a realistic prospect. So when the Wall Street Journal stated 15 hours ago “A “Frexit” would likely unleash chaos across the currency union and undermine the broader EU in a way Britain’s departure wouldn’t“, we now see that those 20% revenue generating people from UBS will be on the shores of a Civil Law country  whilst the confusion is only increasing. As for the other part of me being correct, we’ll have to make this small sidestep. On May 15th 2013 (yes 3.5 years ago), I forecasted in ‘A noun of non-profit‘ (at https://lawlordtobe.com/2013/05/15/a-noun-of-non-profit) “Consider a large (really large) barge, that barge was kept in place by 4 strong anchors. UK, France, Germany and Italy. Yes, we to do know that most are in shabby state, yet, overall these nations are large, stable and democratic (that matters). They keep the Barge EU afloat in a stable place on the whimsy stormy sea called economy. If the UK walks away, then we have a new situation. None of the other nations have the size and strength of the anchor required and the EU now becomes a less stable place where the barge shifts. This will have consequences, but at present, the actual damage cannot be easily foreseen“, I made the prediction of loss of stability, in addition, a quote not from me “Movements in sovereign spreads affect CDS spreads and bond yields of Italian banks, and are transmitted rapidly to firm lending rates“, this was predicted by Edda Zoli at the IMF. Do some of you remember the issues in Italy on losing the credit rating it had is now a clear marker to consider. Even as the parameters for the Italian downturn are not matching completely the elements in play include the ones I and Zoli stated, meaning that Italy will get a few more negative bumps to deal with (not major ones though).

You still think I am that wrong? I have been involved with data cleaning for decades, I have seen the ‘weighting games‘ some played and now that the party is over, they are running for the high ground, whilst making boasts of clearing away from the market like horse traders. This is all fine, yet the players that are not as big can now shore up their levels of stability growing their overall value by a massive amount, because that is where the UK now is, its economic forecast is growing and the rash statements are doing the opposite as the competitive peers of Goldman Sachs are almost volunteering their free time to help Goldman Sachs pack up and leave the UK so that they can move in on the Goldman Sachs share, because there is no way that Goldman Sachs will not lose a fair chunk of it.

So as Frexit grows (I never expected it to be this strong at present, just a really serious factor), we now see that Marine Le Pen is now leading the polls for the first time after taking advantage of Fillon’s declining popularity among France’s working class voters. I think that this is not the only part, the increased forecast of the UK is doing equal reinforcement of the end of the Euro and perhaps even the end of the European Economic Community. Not because that was the goal, but the fact that all these small nations were too deep in debt and Italy, the third anchor is in massive problems, that large barge cannot remain afloat with only the German anchor in place. My view of 2013 is now showing to be the correct one.

Is it a done deal? No it is not. Someone with actual power in Goldman Sachs could realise that these boast fests are counterproductive and that the boasts only achieved that some doors can no longer be opened by Goldman Sachs. They would have to call, make a proper appointment and they would have to sweeten whatever deal they are hoping for, impacting their dividend in the process. Goldman Sachs played a hand that held a few Trump cards (pun intended) and without those the next few hands will need to be played extra careful and cautious. You see, they lost a little more because those playing now might not have considered 2012 Amsterdam. There we see: “De bank verloor in de nasleep van de crisis veel klanten door negatieve berichtgeving over de rol van Goldman Sachs in de kredietcrisis van 2008. De bank wil deze klanten nu terugwinnen. Het nieuwe kantoor moet vooral de dienstverlening naar klanten toe verbeteren” meaning “translated: The bank lost in the aftermath of the crises many customers through negative messaging on the role of Goldman Sachs in the Credit Crises of 2008. The bank wants to regain these customers. The new office will have to increase the service levels to clients“. This part has two sides, not only regarding clients they will lose in London, in addition, the Dutch clients had a benefit in time zones regarding London, and they will not have that with Germany. So there is more than one fish on the Barbie (read: BBQ) and the impact will be felt and smelled. You see, Amsterdam was never an option for Goldman Sachs, yet as more important reasons GS frowned at the capping of bonuses in 2013 as mentioned by minister Dijsselbloem at that time. Which is rather funny as Germany in this 2017 election year is actually moving in hard on to cap executive pay. This we got from Handelsblatt Global Edition just a week ago, so the move could potentially come with a few nasty sides for those working through the move.

OK, I will admit that Goldman Sachs might not be up for grabs, but it should be clear that if they do move, they will be receiving a few body blows and those come at a price for many at Goldman Sachs. The question however is not, if that is the hard part, the hard part comes when the winner is announced in merely 16 weeks, at that point we will see how realistic Frexit has become. You see, it is not just Marine Le Pen and Front National, Independent Emmanuel Macron, former economy minister will also hold the referendum and together they represent a lot more than a mere majority of the French population, the fact that this reverberates with the populous is an issue for too many as he is not proclaimed left or right, he places himself in the middle making the Fremainers a minority with less and less people in it. Making the move of Goldman Sachs to Germany lacking wisdom as France and the UK will have to unite in whatever trade deals they can have meaning that the UK forecast will grow faster and faster, whilst the French forecast will be less and less dire. The only one who gets to look at that label will be Goldman Sachs.

What a difference a boast makes! Could be a nice future Goldman Sachs slogan, if they survive the ordeal!

 

Leave a comment

Filed under Finance, Law, Media, Politics

Haystack, meet Needle!

There is a lot of emotions out on the social networks and in the open air. It is fair that this is the case. Those who are genuinely smitten with emotion through a connection, there is not shame and no blame. On March 8th 2014 Malaysia Airlines Flight 370 left Kuala Lumpur never to be seen again. Yesterday after groups of people dedicated to finding any evidence of what happened to this flight, spanning a timeline of a little more than 2.75 years, the search has now been halted. The family members of the 239 casualties (227 passengers and 12 crew) are beside themselves. No grave to remember, no answers to what happened. The first piece of MH-370 was discovered on 29 July 2015 on Réunion Island. As the place where it was found is 180 degrees away from the destination it was headed to, we have no idea what happened. There have been many speculations, including one on a suicidal pilot. That issue I discussed in ‘Bad Journalism‘ (at https://lawlordtobe.com/2014/03/25/bad-journalism/), to counter these speculations, I added one myself that was not based on malice and not that far-fetched. Consider that there was an issue with the cabin pressure, this might have been disastrous, by the time the pilot realised in what danger he was, he changed the autopilot by 180 degrees knowing that he would crash in the ocean, knowing he would not crash into a city or in any place that could cost the lives of so many more. It was not an original idea, but at least there was no malice. We can speculate even further, but it would remain speculation. There will be no answer for the families of the lost.

I made my prediction long before the piece on Reunion was found, which makes it not more credible, only less incredible. Yet in this haystack that is called the Indian Ocean, finding one plane is not a realistic option.

Yet, why is MH370 still an ‘issue’. You see what happened is rare and unlikely, yet in all this, the black box would have been instrumental in getting answers. What is interesting is that the Black Box is technology that has been obsolete for a long time, in this age when we have flights with in-flight movies, internet and inflight mobiles, can anyone explain why the black box is not mirrored to a secure cloud location? Let’s face it, the plane is already there, so why not save it on the spot? By the way, this black box obsolete thing is not new, it is a discussion that has been going on for well over a decade. With the ability of internet on flights for even longer than that (not for passengers though), how come the airlines did not adjust their technology? Greed? Budgets? Complacency? Your guess is as good as mine, I actually do not know. In their defence, we can agree that the events of MH370 are so rare that the act of one flight should not impact on the roughly 104,000 flights that happen every day. The math does not bear this out. Yet, with ships one ship changed everything. It was the Titanic, who on April 10th 1912 got a little more ice in their bucket lists than they bargained for (Too soon?).

You see that disaster started the establishment in 1914 of the International Convention for the Safety of Life at Sea (SOLAS), and they still govern maritime safety today. So, perhaps MH370 will also become the foundation of an essential change that will spark changes too. There might be too much luggage to deal with the black box, yet having an additional system that cannot be interrupted, one that pushed a data line every 600 seconds so that the log will show essential data no more than 20 minutes from the last location, which in this case would have been invaluable. A 1024 character blip with the most important data of location, heading, speed and flags. The Black box will have all the high level details, but the people would never end up in the dark like this ever again. A simple solution whilst the bulk of the required hardware is already in place. It seems like such a waste not adding such functionality, more important, with the proper technology available for well over a decade, why was this not done sooner?

 

The fact that something like this has not been the show stealer at the aviation trade shows is a little beyond me.

When we get back to the Guardian, we see as reasoning ““It has been a costly exercise but it hasn’t been a factor in the decision to suspend the search,” he said. “We’re in a position where we don’t want to be providing false hope to the family and friends.”“, I cannot disagree (at https://www.theguardian.com/world/2017/jan/18/malaysia-airlines-flight-mh370-australia-says-cost-didnt-force-suspension-of-search). 2.75 years is a long time, I reckon we can state that the ‘costly’ side was surpassed well over a year ago. In this haystack called the Indian Ocean, which is 73.56 million km² in size, even as part of that pond can be ruled out, this ocean is still equal in size of Africa and Asia together. The fact that something this big has swallowed the MH370, a place not just the size of two continents, it has an average depth of 3,890 meters with places where the maximum depth is 8,047 meters. To find anything in such a place, with canyons, crevices and on top of that current speeds that can get up to 5 miles per hour. In this haystack, the size of Mount Everest, a group of dedicated people have dedicated well over 2 years to fine a needle. Anyone claiming it needs to continue should not look at the cost, they need to look at the fact that you are asking dozens of people to commit their life and the size of their career to look for something that does not have a lot of chance to be found. If it is found it will be nothing short of a miracle, especially with the lack of facts available. The people who have been doing this know all this and still they committed to this. An exceptional collection of people!

So even as I implied certain matters, last June, the Guardian (at https://www.theguardian.com/business/2016/jun/30/uk-satellite-firm-inmarsat-helped-track-mh370-fit-sbs-on-airbus-jets) gives us ‘Inmarsat’s SB-S service renders conventional black boxes obsolete and could prevent air crashes‘, I am actually not certain whether that is true. You see, the quote “It beams flight information via a satellite to an airline’s control centre within seconds, capturing real-time data about what is happening on board the plane“, which sounds like nice marketing, yet when we consider that there are 105,000 flights every day and that some areas have atmospheric conditions that make data transfer not that reliable, or at the very least an issue, now consider that ‘real time’ data would need to be analysed. The math doesn’t add up and as for preventing a crash, when that happens it is usually too late. The best we can hope for is that the cause is detected, comprehended and prevented in the future, which is fair enough, and in addition the updates with locations would have prevented the ordeal of the family members of the MH370 victims.

So, as I see it, this is an interesting piece, even though it is mainly about marketing and in that, the quote “A former pilot, captain Mary McMillan, who is Inmarsat’s head of safety, said SB-S technology could not only help identify the cause of accidents but could even prevent them“, it is the ‘prevent’ claim that I have a small issue with. Not because of my abilities as a pilot (which is limited to the PC (Flight Simulator 2004), the Xbox One (Elite Dangerous) and the PlayStation 4 (No Man’s Sky). Yes, with all that knowledge I make this claim. You see, my reasoning is that no matter how fast the data comes, it comes as the event is already taking place. Taking into consideration that the Pilot in place is the actual expert with support of a co-pilot and engineer, this pilot gets many times the information than is transmitted. It is a mere reality that does not make the solution invalid, incorrect or useless. It merely gives more information that after the fact will be invaluable. So as such Inmarsat is bringing a solution, perhaps even an innovation, one that could perhaps at some point replace the black box. It sounds cold, but yesterday’s news on the halting of the search for MH370 could be a big break in visibility of Inmarsat and the product line they offer.

With the MH370 search suspended, we will see more and more questions regarding these decisions and more and more emotional rebuttal on the halting of the search. I will not oppose that, especially against the people who are dealing with the loss of friends and family, yet in my mind, I see the resources needed and the chance of any level of success. In that I accept the end of the search, I just wished that there was something that could be achieved for those who lost anyone on MH370.

Perhaps a better way to use the Lenz effect to find a chunk of airplane, a submerged drone with a different kind of scanner? Perhaps a nice challenge for engineers with a massive dose of imagination?

Leave a comment

Filed under Media, Politics, Science

The rights of one person

Where does the rights of a person stand? Where do we draw the line of reason? These two questions came to mind when I saw the partial readable news in The Times with ‘Asbo woman fears eviction for moving bins‘ It could be seen that there is something amiss, but where does the problem lie? You see, when I was looking into Brexit dangers, the quote “A 61-year-old woman who has been warned about antisocial behaviour claims that she is facing eviction after neighbours made 15 complaints about her for “offences” including moving bins and supporting Brexit“, in addition we see:

  • Over the past seven years, Anne Maple has been sent eight antisocial behaviour notices by Lewisham council.
  • Three ordered her to stop interfering with dustbins.
  • She was warned against displaying “inflammatory” notices after putting pro-Brexit and Conservative election posters in her window.

In this my first response would be that Jim Dowd, the MP there wakes up and takes a personal look at this very case. In the first, is there a law against putting a conservative poster in her window? What kind of people are there in Lewisham to take such offense, Labour minded people perhaps? That is off course as long as there is no housing law against it, which would actually be a breach of the freedom of speech! Now, there is no case I can make against the dustbin issue as I have no idea what actually happened and to what degree. Yet the fact that this is about a 61 year old woman, who is actually making these complaints? In addition the fact that more than 3 anti-social notices were given by the council themselves, I think it is time for Jim Dowd to do a little less posturing, especially when sauce bottles are looking very distinctively different! Mr Dowd should actually take the morning to visit Ms Maple and have an actual conversation. That is, unless he is too busy posturing towards his next election. And the threat of eviction because a person was in favour of Brexit? Is that area filled with sore losers perhaps?

It is nice that The Times is stating that there have not been any conviction, yet these acts against Ms Maple could be seen as Psychic Assault. Perhaps the people making the registration, should inform those complaining that in light of the number of instances, that they could face the consequences of Psychic Assault (although the UK doesn’t really have proper protection in place), which is for now a little bit of an issue. Still the situation remains that the Lewisham Council seems to be no more than a convenient portal for harassment. (Read: taking offense to Brexit and Conservative posters pretty much qualifies), in addition, if no offense was given to Labour Posters in windows anywhere in Lewisham, it now becomes a council act of discrimination as I personally see it.

Yet, even as we see this, the Miss Maple case was not the one that this was going to be about, but it is actually closely related to the matter at hand. You see, the papers are full of deportation articles, it is the Barclay brothers spreading fear. Sir David Rowat Barclay and Sir Frederick Hugh Barclay own these papers, so I call them in charge, even as I know that Aidan Barclay is actually managing pretty much anything they have in the UK (several billions worth I might add). You see, Owen Bowcott at the Guardian stated it perfectly when we see “Mass deportations of the estimated 2.9 million EU nationals living in the UK would be impractical and they should not be used as a “bargaining chip” in Brexit negotiations, the government is being warned“, this is where I see this happen. Emotional reports and statements from Bremainers getting desperate that any alternative is null and void. First of all there is the Immigration Rules on Family and Private Life (HC 194), which the Home office has here: (attachment).

When we get to the best interests of the child, we see: “arrangements are in place to ensure immigration decisions are made having regard to the need to safeguard and promote the welfare of children who are in the UK“, now when I reflect that in regards to the Guardian article (at https://www.theguardian.com/politics/2016/dec/28/dutch-woman-with-two-british-children-told-to-leave-uk-after-24-years), where we see “A Dutch woman who has lived in the UK for 24 years, and has two children with her British husband, has been told by the Home Office that she should make arrangements to leave the country after she applied for citizenship after the EU referendum“, yet when we consider the Home office paper, the interest of her children and Section 55 of the Borders, Citizenship and Immigration Act 2009, where we see in section 55(6): “children means persons who are under the age of 18;“, both children fall into that category, we can argue that the Home office as presently interpreted failed in that assessment, in addition, that this family for 24 years have paid their taxation, have become a part of British society, it is there that we see the notifications from the Home Office seem to be either a careless failure or an intentional attempt to raise fear. I feel that no other direct impression remains. Even if we accept: “European citizens marrying Britons do not automatically qualify for UK citizenship under current rules“, the Borders, Citizenship and Immigration Act 2009 clearly provides in case of underage children which was applicable from the earliest moment on. We can also raise the issue that the 85-page application form for “permanent residency” will become an issue a few hundred thousand times more, so we can state that there will be a blooming business for immigration agents in the UK soon enough.

In all this the rights of one person are currently in danger because certain elements have been left out of too many media outlets for too long, we have forgotten where the media itself was. The Conversation gives us (at http://theconversation.com/hard-evidence-analysis-shows-extent-of-press-bias-towards-brexit-61106) a much clearer view, where we see the Bremain tainted side in blue and the UKF*ckOff (read: Brexit) in red. The fact that the Times is by far the most balanced one yet remains slightly Bremain is pretty awesome to some extent. In all this we all forget that as the least reputable sources (the Sun, Daily Mail and Daily Express) are more widely read and reaches a much larger audience. My view is not incorrect, yet massively incomplete. You should take a look at the Conversation article by David Deacon, Dominic Wring, Emily Harmer, James Stanyer and John Downey because it is an amazing piece of work, and nearly all of them professors (oh, whoop di do). The end result that we see is “when weightings for circulation are factored in, the fact that the highest circulating newspapers have tended to support Brexit means that the gap between the two positions widens into a substantial difference of 18% pro-Remain and 82% pro-Leave“, which is scary!

My reason for remaining ever so slightly in the Brexit field was not on any of those merits and it is perhaps the one part missing here, mainly because it is perhaps not part of the view these people looked at. My view grew based on the actions of others, the inactions of several others and the denial of even more people. The actions of Mario Draghi gave view that Bremain would be too dangerous. The invoice that he would instill on all would debilitate too many, making all mere slaves with implied false freedom. We all become the cogs of the engines of financial institutions and big business whilst the wealth is removed from the people more and more. Servitude to Wall Street! That would be the result and I never signed up for that and I know most Europeans have never signed up for that. In that regard, it is equally interesting how the spokesperson (Prime Minister Joseph Muscat of Malta) considers that “Britain should be made to answer to the European Court of Justice (ECJ) during the process in order to smooth the path for leaving“, it is my question to what regard. You see, the European Court of Justice has clearly intentionally skated away from the issue of a nation leaving for 2 decades. Mainly because no one believed it could ever happen and it is there where we see that the European Court of Justice (ECJ) has utterly failed! When we see “Any member state may decide to withdraw from the union in accordance with its own constitutional requirements”, checks and balances should have been put in place. Perhaps people remember on how ‘Grexit’ was such a big deal. Perhaps you all remember 2012 when people like Roubini stated that Grexit would be possible in 2013. So when I published the paper I found by Phoebus Athanassiou, stating that expulsion from the EU and the EMU wasn’t even legally possible (published in 2009), how betrayed did you feel? All in the media we were led like sheep, and as I saw it intentionally misinformed by those around us. Is it even a surprise that the UK wanted out? It might have started with Nigel Farage, but the issue has grown so much larger, all because the people in charge needed the gravy train to continue, the continuation of the wealthy demanding their Status Quo to remain to grow their fortunes. It is that foundation that is now very much in play. Even as this is all known, even as we have seen that the European exit must be voluntary, we see the BBC give us in June 2016 (at http://www.bbc.com/news/world-europe-36629145), the quote “the risk remains of Brexit precipitating the departure of Greece from the Eurozone and therefore possibly the EU“. At no point do I see the Greeks or the article state clearly that it must be voluntary, no legislation has been put in place ever since this started in 2012. Now we know that laws take a long time to set, but the effort regarding the trimming of the EU tree has been massively absent, why is that?

In all this we see that the rights of one person no longer seems to matter, which is weird because Common Law was clearly set to remain fair in that regard. Even for the most in Europe where civil law was key, the people had a fair amount of rights. Here now we see that the people remain uninformed, the media seems to be unable or unwilling to inform the people where their rights and what their rights are. It is my personal belief that the people are restoring a need for nationalism hoping that local laws will advocate a better level of informing the people, not tailoring to the needs of large global corporations. It sounds weird, yet this is what I believe to be the fear of many. The tax events on large corporations like Apple, Amazon, Google and IBM seem to be catalysts in all this. If you think that I am kidding in this matter, you should see “The discontent with legal tax avoidance, in the UK at least, is clear. A YouGov survey last year found that 59% of people think legally reducing your tax liability is wrong and make no distinction between evasion and avoidance“, which we got from Forbes in August last year (at http://www.forbes.com/sites/jaymcgregor/2016/08/31/apple-falls-victim-to-rapidly-changing-public-mood-around-tax-avoidance), this doesn’t just impact the branding, there are indicators that this also fueled the anger of Brexit voters. In addition, the 180 degree view that President Obama made in The Hague (2012) as he gave a speech on responsibility and then sent senior officials to oppose the tax reformation / tax accountability was no help here. So Brexiteers had a large stack of ammunition that they could hand to the people again and again. Misguiding and misinforming have been instrumental indicators in all this. There are too many sources to name, many are just mongering, yet a large amount came from reputable sources and Forbes has pointed out more than one issue in all this.

As I see it there is an abundance of work to do, some of it should have been addressed a long time ago. Even if I admit that I have not yet filled out my permanent residency papers for the UK, the fact that this is an 85 page booklet is still cause for concern. It is linked to the situation we saw earlier this week regarding the NHS, especially the Coventry ‘issue’. It has become clear that a logistical overhaul is needed in the UK. It is the hardest and most debilitating of overhauls, yet at present it could be seen as the most essential one. Consider the cost for civil servants having to get through 1,000,000 applications, which now implies that 850,000,000 pages get reviewed and decided upon. If a person is really focused and on the ball, that person will make an error once in every 50 pages, this now gives rise to the risk that every submission will have at least one error in its assessment. How efficient is that?

There are steps that can be taken to minimise this, yet it will cost in staff or technology and in both there is still the added flaw that items will be overlooked. That is the mere nature of the beast in all this. The application right of a person will be diminished, not on purpose and not with malice, but the danger is absolute and the scars that soul is left with is pretty much for a long time, perhaps even for life. How is any of it a solution?

In this we can argue that on the middle ground that automated residency is equally not an option, but the middle ground is not trotted on and that is where the solution is to be found, somewhere in the middle, which is turf that the polarised extremists (Brexiteers and Bremainers) are currently not looking, yet neither is the Home Office, or so it seems.

 

Leave a comment

Filed under Law, Media, Politics

The views we question

This is not a piece of me knowing, this is not a piece of me telling how it is. This is me questioning certain choices and certain actions. When we now see the actions as displayed by the press, is the press correct, was the press played or is the press playing us? To help to you in this, let’s start with two articles, both in the Guardian. The first (at https://www.theguardian.com/society/2017/jan/14/nhs-crisis-my-frail-mum-was-forced-to-wait-on-the-floor-for-eight-hours), where we see the emotional start ‘My frail mum was forced to wait on the floor for eight hours‘, I myself have had to wait in triage twice. This happens. There is only so much a hospital can do, as for the wait on the floor? When we see the first story appear we see “It was another seven hours before he went upstairs for an angioplasty and a stent. The A&E staff were under immense pressure, having to deal with far too many patients, but they did an amazing job“, now this person was from Worcestershire, famous for its Lea and Perrin’s sauce. In another case we see “It took 30 minutes for the paramedics to get there but when they arrived they were brilliant“, as well as “I don’t want to blame the paramedics or any staff at the NHS. They do a wonderful job and do their best to take care of patients when they arrive. But the issue is with the government and the lack of funding to our healthcare services” from that same person. Finally the one that is important here is “Dr Liam Brennan, president, Royal College of Anaesthetists: ‘These are no longer winter pressures, but perennial pressures’” with the added quote “In my 34 years as a frontline doctor I have never seen the breadth and scale of the relentless demands across the whole health and social care system that I see today“, in all this, this is the part that is in the eye of the hurricane, because, when we look back to Baron Kerslake, or as he is called in the House of Lords ‘bobby’ (assumption from my side). You see, he came up in an earlier blog, appointed as the Chair of King’s College Hospital NHS Foundation Trust. On February 17th 2016, in my blog article ‘Behind the smiling numbers‘, I wrote (at https://lawlordtobe.com/2016/02/17/behind-the-smiling-numbers/), “The title ‘Income tax must rise 3p to stop NHS ‘staggering from year to year’‘, which implies initially that the NHS needs £1.95m, which might be OK. Yet the truth is far from that, the text gives us that Lord Kerslake stated “Income tax will have to increase by at least 3p in the pound….”“, which is another story entirely (and first evidence that members of the House of Lords are gifted with a decent sense of humour)”, which came from a February article in the Guardian. Now when we consider The Royal College of Anaesthetists (www.rcoa.ac.uk), we see “Anaesthetists are qualified doctors who are registered with the General Medical Council (GMC). The first step towards a career as an anaesthetist is medical school. Undergraduate medical training normally lasts for five years and medical students normally graduate with a bachelor’s degree. After graduating, the newly qualified doctor enters foundation training in hospitals around the UK. Foundation training lasts two years and after the first year, trainees become fully registered medical practitioners. Through the second year of foundation year training, trainees apply for postgraduate training in one of the specialties, of which anaesthesia is one. Trainees can apply for the seven years anaesthesia programme or the eight years anaesthesia programme which includes two years of the Acute Care Common Stem (ACCS) programme. Trainees also have the option of completing dual Certificates of Completion of training (CCT) in anaesthesia and intensive care medicine. The dual CCT is similar in principle to achieving dual degrees and will normally take 8.5 years to complete“, so as we see staff shortages, as we see resource shortages, we also see something else, do we not? The quote from Lord Bobby, my apologies for this error, I meant Lord Kerslake, Baron Kerslake no less, it is my personal believe that harsher calls should have been made near a decade ago. In this former Prime Ministers Tony Blair, Gordon Brown and David Cameron should have made larger adjustments towards the NHS. Yes, we know that the Labour party bungled 11.2 billion pounds in that regard, but that was IT, staff is another matter and adjusting for those needs should have been done a long time ago. I have had an interest in becoming an anaesthetist a long time ago, if I had known the dire shortage then, I would have appealed and applied to Professor Peter Hutton in person in 2001. I might not have made it and unlikely I would have been able to do this, but I would have made the effort, a part I now see a failing Lord Kerslake with Lord Kerslake stated “Income tax will have to increase by at least 3p in the pound….“, I believe that if this is going to get saved, Prime Minister Theresa May will have to increase taxation to all working people by £1 every month as per January 1st 2016 and all pensions by £0.50 as per that same date. The treasury coffers will need to make a larger change, yet if anyone in House of Commons, the House of Lords or Parliament has any serious consideration to keep the NHS alive, that action is now needed. It is not unlikely that we will see a 2018 judicial public inquiry regarding the actions, practices, responsibilities and funding of the NHS. There is no telling which Lord Justice would be chosen, yet in these levels of failure, in these levels of events and the inhumane pressures that the medical profession is now under, brings a pain to my heart a lot more severe than a heart attack (I had more than one of those, so I know). The reason for all this is that there is a similar atmosphere all over the Commonwealth and if we want to prevent such a disaster in Australia, Canada and New Zealand, something needs to be done now.

The second article I mentioned was ‘NHS in crisis as cancer operations cancelled due to lack of beds‘ (at https://www.theguardian.com/society/2017/jan/14/health-service-in-crisis-cancer-ops-cancelled-nhs). The second line is the one that brings the beef to the table: ‘Hospital chief warns government must face the truth, as patients lose surgery dates with some only receiving one day’s notice‘, the question becomes how could this have come to such a dire place? You see, this is not just some refugee or illegal immigrant thing, this is what I personally see a categorical undermining of an essential support system. This is a basic view, but is my view incorrect? It can only be seen as such if there is a visible spike of 30%-45% of Cancer patients and I am fairly certain that actually newspapers did not make such a report. In this the quote “Today, writing for this newspaper, the chair of King’s College Hospital, London, Lord Kerslake, a former head of the civil service, suggests Theresa May’s government is not sufficiently in touch with the reality facing NHS hospitals and staff to appreciate the severity of the crisis“, in this I would respond is that Lord Kerslake left the needs of the NHS too shallow in his 3 pence required statement, perhaps I just got that wrong, but if I misread it, than who else did that very same thing? Yet there is another gem in this article and it is shown a little further down that piece. The quotes “Kerslake also sides with Simon Stevens, chief executive of NHS England, who last week questioned the prime minister’s claim about NHS funding“, “Dr Sarah Wollaston, chair of the Commons health select committee, criticised the government for blaming GPs for the crisis” as well as “She said in a tweet: “Pretty dismal stuff for govt to scapegoat GPs for very serious NHS pressures. Failure to understand the complexity or own responsibility.”“. So we have a few political fires going on and the fact that Prime Minister May reacted poorly is just one facet. The one that does matter is “failure to understand the complexity“, you see, it seemed to me for the longest of time that there was too much politicisation with the NHS, which is why I am referring to the essential need of a judicial public inquiry of the NHS. Why on earth has the NHS become so complex? Is that not a valid question too? In this world, is medical care and health care the one item on everyone’s agenda to keep that as simple as possible? In that, we see another part, in advance I will apologise for the upcoming ‘less’ civil words, but why the fuck is anyone handing over £340,000 to PwC? The headline from the Coventry Telegraph ‘Coventry and Warwickshire NHS chiefs fork out £340,000 for advice on how to SAVE money‘ (at http://www.coventrytelegraph.net/news/coventry-warwickshire-nhs-chiefs-fork-12436466), there is in addition a small part if each forked that over, or if this was a total amount. The fact that PwC, you know the ‘idiots’ involved in fallen places like Tesco and BHS, now they are advising the NHS? How much is that going to cost the tax payers after the initial fee that equals 13 annual incomes for most UK working citizens? The quote “The document, released in December, aims to address the need to bridge the local NHS funding gap of £267 million which will exist by 2020 if services stay the same in the region” gives rise to even more worry. Not only is the NHS a quarter of a billion short in roughly 1080 days in Coventry and Warwickshire, to survive they have to move? How will that aid the people in Coventry and Warwickshire? Will they end up with any health care at all, or will the local Romani Gypsies with oils and herbals need to be relied on? You think that I am exaggerating? If so, please feel free to inform me on how those two places Coventry and Warwickshire, with 340,000 and 550,000 people end up coming up short by £267,000,000 in three years? Well if advice comes at £343,000 on private consultants, that shortage might be reached rather quickly, but that is not the story is it? The story is how funding has failed and how much more it will fail over the next three years. So, as such, is my view as I personally see it of an essential judicial public inquiry that far-fetched?

In that part, the PwC will have more to explain. When we see: “The sum cannot be broken down as you request as the work was undertaken on a fixed fee basis but please note that the work was commissioned in line with government framework rates.”, what else was done, how many hours and what data was the advice based on? In addition we see that the payment to PWC LLP, who were commissioned by the STP member bodies to help to develop the STP between July and September 2016 (as quoted), so this Sustainability and Transformation Plan (STP) gives a solution, which involves:

  • University Hospitals Coventry and Warwickshire NHS Trust
  • South Warwickshire NHS Foundation Trust
  • George Eliot Hospital NHS Trust
  • Coventry and Warwickshire Partnership NHS Trust
  • NHS Coventry and Rugby Clinical Commissioning Group
  • NHS Warwickshire North Clinical Commissioning Group
  • NHS South Warwickshire Clinical Commissioning Group

It now becomes a question on where the trimming would need to be, more important if there is an upcoming shortage of a quarter of a billion, is there an oversight of what has been billed, what has been received and with three commissioning groups, should we fear what kind of a gravy train is running here. How many clinical commissioning groups are there in the West Midlands? If every county has one, how much in payments go into those clinical commissioning groups? These are all questions that are not heard by too many places. I think that there is an issue, I am not sure if what I am raising is an issue, but with only part of West Midlands, if they are short by a quarter of a billion, what shortages can we expect to see in Herefordshire, Shropshire and Staffordshire? Consider that the West-Midlands is around 5.8 million at present. Implying a lot, that part you should realise when 15% of a West Midlands is cause for a quarter of a billion in shortage, where is the rest of West Midlands at? Is that such a weird question? Even as there is absolutely no fault to the medical practitioners themselves, there is a fair bit of uncertainty regarding the governance of the medical profession and the governance of the NHS trusts. It is the scent of silence. In this I equally blame the Labour party as they did not change direction funding the NHS as it should have. Now, we know that the financial crises has hit everyone, this is a fact of life, yet the issue we see when the Guardian quote “saying that the real amount of extra cash being given to the NHS in England between 2014-15 and 2020-21 is only £6bn and even that much smaller sum has only come from cutting spending on public health programmes and medical education and training by £3.5bn” was given on October 31st 2016 also implies the partial pressure we see mounting. by cutting £3.5bn on medical education and training, we can see one headline, namely ‘NHS in crisis as cancer operations cancelled due to lack of beds‘ as it changes into ‘NHS in crisis as cancer operations cancelled due to lack of qualified surgical staff‘, when some of these specialists require 8 years of training, that view is not overly pessimistic, it is an actual reality that the UK could be facing from 2019 onwards, yet for how long cannot be predicted because the changes in policy are unknown and they will largely influence for how long this problem will continue, as well as it will continue to grow as a problem.

In light of this, perhaps a light hearted alternative? When we see the BBC (at http://www.bbc.com/news/uk-england-35121632), how long until politicians will consider: “Nearly 1,500,000 people were killed this year as part of the government’s NHS sustainability cull“. You see, if we do it to the badgers, how long until people are on a similar list to create convenience?

 

3 Comments

Filed under Finance, Law, Media, Politics, Science