Tag Archives: Hitachi

Yes, it sounds nuts (honey covered ones), but that was pretty much the first thought that came to mind. You see, I have been trying to see beyond mere Brexit and Bremain, because comprehension gives insights that hopefully leads to wisdom. That is the path we need to be on in many cases (those who can). You see, we have seen one irresponsible side exposed in Brexit, that side is perhaps the majority reason why people are in the Brexit camp. No matter how clever Mark Carney was, the notion we see soon thereafter as Mario Draghi speaks of a willingness to spend another trillion plus to ‘jumpstart’ the economy is giving the voters even more reason to jump on the Brexit train. So no positive part there. No we get the European courts adding fuel to the fire that steams the Brexit train is seen (at http://www.theguardian.com/law/2016/jun/07/france-wrong-imprison-ghanian-woman-enter-britain-illegaly-eu-court-rules) in an article called ‘Imprisoning woman trying to illegally enter UK was wrong, EU rules‘. So these high educated judges are giving an outspoken ruling that it was wrong?

Perhaps this law student could give them something to consider ‘A person must not use a document which is, and which he or she knows to be, false, with the intention of inducing another person to accept it as genuine‘, which made it a crime as early as 1958 (actually long before that and not just in the UK). It is still a crime in most commonwealth nations. So perhaps this judge can explain to the people how having false identity papers is not a crime? It is speeches like these from the EU courts that makes people less interested to remain within the EU that the judges are trying to ‘non-enforce’. We have all heard the court stories about men who cannot get deported after a rape because he has the right to a family life. We tend to react really emotionally, which could be seen as equally wrong, yet the people who hear this will accept any verdict the victim gives, when she is voicing deportation, we all tend to shout it for the victim. In addition the case where a transgressor’s case is delayed for 2 years and in that time he has three additional children, so he can rely on article 8. I am not judging how appropriate the verdict is, I am merely voicing a thought most people in Britain tend to have. On the other side we see some statements that Bremain is the only option because of the damage to some profession when Brexit becomes real. There, the incomplete and incorrect statement that Metro gave recently (March 2016) ‘From April people will be deported for earning less than £35,000‘, whilst the evidence of this incorrectness is not correctly voiced does not help matters any. The fact that all media seems to ignore section 14(f) of the regulations that clearly state “In all cases, the pay must be compliant with National Minimum Wage regulations“, gives rise that unneeded stress is being created, making the issues muddy and stressful for all immigrants and it is in my view counterproductive. On that other side, we see misrepresentation voiced via the BBC, where we get ‘EU laws ‘prohibit UK from sending foreign criminals home’‘ (at http://www.bbc.com/news/uk-politics-eu-referendum-36467725), we see the two speakers with the quotes “Mr Raab said British families were being put at risk – and argued leaving the EU would make the UK ‘safer’” and “Immigration minister James Brokenshire, who backs Remain, said the UK had deported 6,500 EU criminals since 2010“. In my view the statement from Mr Raab is a bit of a joke. Not because of the validity of the claim, but it is my personal view that in a population of 68 million, 50 are less than a blip on any radar, in addition when looking at places like banks like the Royal Bank of Scotland and accountancy firms like Pricewaterhouse Coopers. So when we consider the ‘swap victims‘ and Tesco, how many victims did that lead to and how many of those involved in those matters are currently in prison? I partially agree that an immigrant when intentionally choosing a life of crime has no business living in the UK (or any nation that they were not born in), but let’s remain a little bit more realistic, shall we?

This is exactly why people are confused and some are scared. The fact that the political players are taking this approach to ‘mis-communicate’ the issues is matter of concern. As we see statements that are regarded as ‘credible independent experts’, should enough evidence be shown that these credible experts have been on any agenda, or that any clear level of miscommunication is found, than these so called experts should be barred from any government contracts for no less than 10 years. See how that works! Here my reasoning is what we initially saw in Iceland (source: Inside Job), there were these so called ‘experts’ and their reports and actions made for a change that should never have been allowed.

I reckon that last week’s position that includes certain stated by Ipso MORI, should be published with the raw data. It is time to make it clear to all that misrepresentation requires addressing on both sides of the isle!

So when we see the BBC article (at http://www.bbc.com/news/uk-politics-eu-referendum-36464905), ‘Don’t sit on the sidelines over EU, PM urges‘, which is a week old. Yet the quote “hailing warnings against an EU exit from Japanese multinational Hitachi and the chairwoman of the US Federal Reserve” instils within me the quotes “Would Janet Yellen be so kind to remain quiet and address the 19 trillion debt, preferably by actually solving the issues?” and towards Hitachi I would state “Yes, please consider moving away from a 68 million consumer base, and the moment the UK is progressing forward in an economy, consider the competitors that will then surpass you with 99% certainty. So the empty statement should be considered to be retracted at the very next opportunity!”

These are just my views, but consider in a global economy of margins, walking away from a customer base of 68 million is completely unheard of. The fact that Hitachi did what it could to expand in the Netherlands, which is small in comparison to the UK implies clearly that it requires the UK to keep its top position. That view is strengthened when we consider the quote “Mr Nakanishi said his firm, whose European headquarters is located in Berkshire, had invested £1bn in the UK energy and rail sectors in recent years. He said it was in the process of recruiting 730 new workers to build the next generation of high-speed inter-city trains“, that part remains and it will make money the same way, it is a good investment, especially when the UK economy gets past the first wave and especially in light of the European economy slowing down for 2 more years. When Hitachi walks away and other Japanese firms come in Hitachi will find itself surpassed in more than one way. It cannot take that chance as I see it, yet again, it is my speculation and I could be wrong.

Now, I am not stating that this view is the right one, I am merely in the personal believe that my view is not wrong! Let me explain the difference. Hitachi might leave, yet why? Is that because of mere commerce or due to corporate tax shelters (or tax havens) that could fall away? How is a firm an asset when it relies on non-taxation? I think that it is time to completely overhaul that system. Revenue sounds sexy, but when it is not required to be taxed, how are they a good thing? We can argue about the semantics of a tax haven versus tax shelter until the oceans freeze over. The simple fact is that the tax coffers remain too empty to support the British way of life! If you do not believe me, than consider the shortage the UK currently has, it is nowhere as bad as in the US and Japan, but it is not good, the amoral approach that corporations have remains unaddressed. We were too eager to accept the amoral route of taxation, now that the backfire comes, we become all ‘holier than though’, yet it is not too late to take a different course, the corporations not adjusting will lose out. In the end, they have a product that requires a customer base, no customer base, no revenue, no profit. I am oversimplifying this! Am I wrong?

As I see it both sides seem to be misrepresenting the case, Bremain and Brexit are both coming with issues and to some extent they are intentionally miscommunicating the issue, creating fear for all those involved. The question here becomes the issue we see. When is a presentation for one’s position misrepresentation towards the people at large?

I showed yesterday with decent clarity that Bremain is misrepresenting the facts and I believe that we can see at present that Brexit is doing the same. It is the Independent that is now adding fuel to the fire. ‘EU referendum: Poll reveals massive swing to Brexit – with just 12 days to go‘ (at http://www.independent.co.uk/news/uk/politics/eu-referendum-poll-brexit-leave-campaign-10-point-lead-remain-boris-johnson-nigel-farage-david-a7075131.html). On one side we see no wrong “The survey of 2,000 people by ORB found that 55 per cent believe the UK should leave the EU (up four points since our last poll in April), while 45 per cent want it to remain (down four points)” is fair enough. Yet, who was asked? I showed to all clearly that weighting and responses was an issue yesterday. Now we see the responses (2000), which is definitely indicative, but from where? You see, this article is from the survey point of view good. It gives us the numbers and other elements, yet the one part not given is where they were from. Perhaps that information was not available? And in this case geographic location is most certainly a factor!

The part that I do find interesting and valuable is seen in two quotes “According to ORB, 56 per cent of people who voted for Labour at last year’s general election now back Remain when turnout is taken into account, but a dangerously high 44 per cent support Leave” and “Only 38 per cent of Tory voters endorse David Cameron’s stance by backing Remain, while 62 per cent support Leave“, which gives another light a part we did anticipate, it is the Conservative/UKIP side that has the largest Brexit sentiment. It is strengthened by 44% of labour voters. The fact that we see “the economy is more important than immigration” only gives additional value to this survey. If there is one issue with the article than it would be the ‘Take our EU referendum poll‘, because apart from Exit and Remain, the option ‘Undecided’ should be there, because that group remains too large and it will remain a significant group until the day before the election. In the end I would ‘casually’ predict it to be a 50.3 versus 49.6 result, because anything that is this important will nearly always be a close call. From a comical point of view it works, especially when we see the faces on Wall Street in the minutes after the results are announced.

What is nearly a given is no matter how it turns out, we will likely see the new version of Trivial Pursuit with an additional card. ‘What happened on June 23^rd 2016?‘

The answer “Brexit, because Pizza!” or “Bremain, because Chicken Tikka Masala!” will be known in 12 days.