Tag Archives: Rishi Sunak

October 22, 2023 · 19:08

The thin ice

We all know the expression, no skating on thin ice. Yet when you think of it, when was the last time you saw thin ice? We all hear it, but when did you yourself, with your own eyes see a case of thin ice? We tend to think it is a danger avoided, but when no one sees that danger, is it a danger? Don’t get me wrong, I am not doubting that thin ice exists, before ice is thick enough to carry our weights it will be thin ice. A lot of thin ice seeing is assumption. We see ice and we see no one else skating on it, as such we take it for granted that THAT part is thin ice. Hold on to that thought because I am about to give light to two very different articles.

Arab News
The first was Arab News (at https://www.arabnews.com/node/2395561/business-economy) where we see ‘Saudi banks’ residential loans surge in August as apartments gain prominence’. This article seems nice, but when you read it we are given two parts. The first one is “Mortgage lending to houses, apartments and lands rose to SR7.14 billion in August from SR5.43 billion in July” This is a 30% rise in a month and that is huge. Now there are other factors on play like trends. How was that last year versus this year and a few other things, but 30% matters. In addition we are given “The increase in apartment financing by Saudi banks compared to house financing is due to the increase in prices of houses and private villas compared to the prices of apartments, which has made villas and houses unaffordable to average-income individuals,” and this comes from Talat Zaki Hafiz, an economist and financial analyst. There is the added “Notably, financing of houses still dominates Saudi banks’ new residential mortgage landscape, constituting a 70 percent share in August. While apartments comprised 25 percent of the pie, land financing held the remaining 5 percent.” It seems that the Saudi banks have things well in hand. We can also infer that people are in a better state, the Kingdom of Saudi Arabia is in a better state and the people are setting their lives accordingly. Now, this is speculative, but if the economy was really bad real estate would not skyrocket by 30%, so something is going right there. 

The Guardian
The guardian gives us a very different story in the UK (at https://www.theguardian.com/business/2023/oct/21/mortgage-debts-and-bust-firms-put-uk-banks-profits-under-pressure) there we are given ‘Mortgage debts and bust firms put UK banks’ profits under pressure’. Now we can argue that the UK has twice the amount of people and that is true, yet as I personally see it, banking is banking. If a bank has a certain margin, having twice that margin implies that bank is twice as rich. Now, I get it, it is not that simple, but read me out.

We are given “Bosses watched in horror as a mini-banking crash led to the collapse of a string of US lenders including Silicon Valley Bank (SVB), and later Switzerland’s largest lender, Credit Suisse.” Here we have a problem, what I speculated all along and I saw one part revealed in April was “SVB had few traditional banking uses for the cash that piled up, it instead invested $91 billion in Treasury bonds and U.S. government agency mortgage-backed securities between 2020 and 2021. This brought SVB’s investments to roughly half its total assets.” You see, this was stupid greed and I warned in advance of it, more than once actually and the Guardian does not mention treasury bonds once, there is a whole engine spinning news and misdirecting news all over the media. The speculative setting is that owners of US treasury bonds will auto renew or lose a lot of money, so what would you do if you were the idiot relying on a 2% payday of $91,000,000,000? That amounts to a $1.87 billion payday. I would do the same thing, but these banks used their clients money to hedge that bet and the US government was eager to cater to that level of greed. I reckon that this is why Janet Yellen kept a close eye on this. In addition, I wonder how deep Credit Suisse was involved. 

Yet the setting is housing and “By July, the former Ukip leader Nigel Farage went to war with NatWest over plans to close his accounts at its private bank, Coutts.” Really? One account has that much impact? You see ‘Coutts bank boss quits in row over Nigel Farage’s canceled account’ some might see this as a joke, but for Peter Flavel the boss in question it is not a joke. There is something wrong with banking and banks all over the west. Don’t ask me what, but all these events are part of a larger problem, a problem that involves stake holders blending the message for banks and as I personally see it, the Guardian has been catering to these stake holders. It is highly speculative but even as this truth is given “Speaking to broadcasters Thursday, Prime Minister Rishi Sunak said it “wasn’t right for people to be deprived of basic services like banking because of their views.” I think it wasn’t the views (alone). I reckon that some views opposing the current need is a larger setting and people like Farage could be able to spot that in the documentation handed to them, moreover certain banks have been skating on the thin ice for too long and at some point someone will sink through the ice. That is the danger of the thin ice. For the longest time the thin ice was an urban myth at best, because we never aw cases. But the British banks are in a spot of bother and people like Nigel Farage would shine a big light on that problem, better to get rid of these people and when banks do that, when banks do that to politically A-listers, how much trouble are they really in. You see in March 12th (at https://lawlordtobe.com/2023/03/12/i-honestly-dont-get-it/) I raised a few questions regarding bonds and the eager beavers in the media never looked at that part, not the Times, not the Guardian, not any respectable newspaper as I personally see it. So why not? What trouble is America trying to pass over thin ice? What are we not told and isn’t that the duty of banks to inform their customers? I reckon that Saudi Banks are doing a lot better because they do not cater to anything else but their goals and the goals of THEIR customers. I could be wrong, but considering that we are left in the dark for over 6 months, all whilst Saudi banks are doing 30% better in a month implies something. It implies that they are doing something right.

 Enjoy the last day of the weekend, Monday is soon here, here it will arrive in less than 300 minutes.

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May 30, 2023 · 13:48

My boiling point

Yup, I have one and the Guardian pushed my button. We all have buttons that can be pushed. If you sing “It’s a cruel Summer, leaving me, leaving me here on my own” really off key to Summer Mcintosh there is a chance she’ll blow a gasket too (it is based on classical music by Ace of Base, 1992). Some dislike the limelight, others (like me) have other buttons. And there is the start for today. The article by Rupert Neate a wealth correspondent (whatever that is) is by their own submission a reporter on covering the super rich and inequality, again whatever the hell that is. But let’s look at that article (at https://www.theguardian.com/news/2023/may/29/2-tax-uk-rich-list-families-raise-22bn-year-reform-inequality) where he starts by hiding behind ‘could’ making him some clueless labor tool. The text “A modest wealth tax on the richest 350 families in the UK could raise more than £20bn a year – enough to fund the construction of 145,000 new affordable homes a year – according to research by fairer taxation campaigners” and there is the emotional useless stage. ‘Constructing 145,000 new affordable homes a year’ We will not get the equations there. We do not get locality because that pricing leaves London far outside of the scope. No his goal is limelight, to hide behind ‘could’ and emotions. Then we get “A 2% tax on assets above £10m held by all members of the Sunday Times rich list could raise as much as £22bn, according to analysis by Tax Justice UK, the Economic Change Unit and the New Economics Foundation (NEF).” And still we get no equations or justification on these numbers. We get another emotional ‘tax the rich’ by an emotional tool. And he merely ‘emotionally validates’ some Sunday Times list without justification. 

You see, lets take a look at the Guardian from June 2017 where we were given (at https://www.theguardian.com/uk-news/2017/jun/21/battersea-power-station-affordable-homes-almost-halved-by-developer ) ’Battersea Power Station developer slashes number of affordable homes’, there we see how Malaysian investors slashed 40% of the agreed affordable homes. How did that end? Nothing (and nowhere), you useless tool! Where is the prosecution of exploiting foreign investors? Where are your values there?  In my personal opinion Rupert Neate needs to buy a lollie, sit in a corner, suck on that and shut the fuck up (pardon my language). 

It is always labour minded idiots that are heralding ‘inequality’ and that is a larger problem. I am not against PROPER taxation, but these people according to taxation law paid their fair share and then some. You see in 2022 according to one source “629,000 people paid the additional rate of income tax is 45%, and is paid on earnings above £125,140 a year”, so these people already are in the 45% bracket (don’t worry I have a solution). They have paid their fair share, yet there is another matter. I am not blind to certain levels of inequality. You see fair taxation is also needed on corporations, Apple didn’t become a trillion dollar industry because of their devices. Their tax write offs are unheard of and that had to change decades ago. I wish them all their profits, yet there should be taxation. Retail Gazette gives us ‘UK Apple stores paid less than £800,000 tax despite £971.5m of sales’ did that useless wealth correspondent look at that part? And they are merely one of dozens of companies that are legally stretching the lines of taxation laws. Then we are given “Those on the rich list include the prime minister Rishi Sunak and wife Akshata Murty at number 275 out of 350, with £529m, and the 32-year-old Duke of Westminster, with £9.9bn, at number 11.” And that might be true, so did they pay their taxation? It seems Apple didn’t. And that list grows, whilst the useless people are focussed on people who paid their dues according to tax laws. You see, there is another income stream. We get so much emotional garbage from magazines and newspapers that they should LOSE their 0% VAT setting, we can set that to 6% or 10%, there is your income right there. If you cannot properly report the news, you should be taxed. You forgot about the mirror image you see when you get up in the morning. So I give you another income source. If you cannot properly do your job, you get to be taxed as well.

Issue solved!

You see, if we are to believe the HMRC, six hundred and twenty nine thousand people pay their fair share and then some. So this rich list is utter BS, I say we tax the media, lets see how long they can play games whilst letting some useless wealth correspondent continue their ‘labor’ needs. Yes, this is personal, but we see this come again and again whilst no one is doing anything about tax laws or exploiting investors. Why not? It seems that the Guardian has a few fences to mend and I suggest that they hop to it, I reckon that they could spring that 10% VAT bill, but there is a chance that they will cry like little bitches, just like they did when the Leveson report was released. 

So, they pressed my button and this was my response. So, have a nice day whilst I kill a few people in Skyrim with a bow (we all unwind in our own way), they will never know what hit them.

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January 6, 2023 · 11:03

It is the same coin

I got alerted to something via Twitter. It has two sides and a friend of mine had one side, as such I give you the tweet below. This of course made me look at the YouTube by Simon Pegg (the Hot Fuzz man). 

He was emotional and he has a point, but so does my friend. Optionally they do not realise that they are both a side of the same coin, one cannot exist without the other. It is a flaw in those heralding science as the one solution, it never is. It merely becomes some Theranos creation, all science and too much of it debatable. You see my friend had the answer in her tweet. Alan Turing created something from nothing. A setting that is utterly impossible. He got there through an artsy side in him. Alan Turing created the foundations of computers and AI, both required an art element to get there. You see, even when we realise it was all science, his brain had to make some leap of faith and that requires art, science alone will not let you do that. He created these two and his foundation of AI is still used today, over half a century later, with all the elements of evolved science, his artsy side overcame what did not yet exist. It is one of the reasons that (even if I was not eligible), I would have voted for Brian Blessed to become Chancellor of Cambridge in 2011, but I was not eligible. It became Lord Sainsbury of Turville, my issue here is that science was taking too big a chunk of what was almost an even Steven setting. I personally believe that Science without art is pointless, art without science is useless. It is not completely true, but as an axiom it often works. Science without art cannot grow because science for the most relies on previous data and as such NEW technologies cannot evolve. Alan Turing created (for the most) the foundations of electronics. It required investigations into the electron as well, but when you see that Alan Turing created AI half a century before we had any partial foundation of that is optionally evidence enough. 

The other side needs to be illuminated as well. Simon Pegg did this (at https://www.youtube.com/watch?v=rHEpywFCtwA) in his own emotional way and he does have a point, but so did my friend. The artsy people tend to ignore that science is their friend. Take any movie, the lights are set up to maximise the effect, it is not art, that foundation is science, science created the camera and a lot of other parts. They use that technology and they use it well. But it supports art and that is forgotten. That being said that children need maths, but they need art too and the science pushers are all about ‘forgetting’ the art and that power. You see, if you have all science and no art, you end up creating Theranos minded creators. The ones that are convicted for fraud and end up well over 11 years in prison. Art might have prevented this (and created an actual solution). In that same setting it might be the flaw that created FTX and the $33,000,000,000 losses it ensued. 

I myself tend to grasp back to an old Market research credo. “The scientist, or mathematician will show you the course of best margins of profit, or best results. The presenter, or politician makes sure that you look forward to the attached invoice” it is a bit artsy but therefor not any less true. We need to realise that art and science are to sides of the same coin. Science made it circular and the artsy people gave it a nice image. We need another and there is one part we should all agree to, if Rishi Sunak wants to imbue a sense of science, he better be ready to imbue an equal measure of art in these people, because Simon Pegg is right about that part. Science without the art will have far reaching negative impacts. We need one another to see it, one shows us, one presents it and that has been the case from before that writer William Shakespeare became a reality. It goes back all the way to the outdoor Theatre of Dionysius where in 500BC Sophocles, Euripides, Aeschylus, and Aristophanes performed, but we forget that science created the stage for over 15,000 people to enjoy, that part was science, not art. And it was there centuries before Christianity became reality.

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October 28, 2022 · 23:21

Two things

They are not connected, not in any way, but the first part is too short to make a blog by itself as such I connected the two in separate parts.

Zeus Awakens

I have been brooding on the entry for Zeus, there is no way he can be omitted from the story, it is in one part as he is father to Ares, he is the other grandfather and he will emerge. In part that as our main character is gaining strength, the main character is now becoming a larger concern to the big three. As such I had to add Zeus to some degree and the second season was a decent moment to introduce him. 

It was a nice summer day in France, Nice to be more exact (as it is a nice town). I was sitting on a balcony on the esplanade of Nice, looking at the sea a mere 122 metres to the south. I heard a woman’s voice in the back asking me if I wanted any tea. ‘Yes please Lucia’ I responded and a few minutes later she came with a pot of tea. I saw her shiver and I took a gaze at the thermometer to my left. It was odd, it was slowly going down from the 28 degrees it was a minute ago. In one minute it had cooled down to 19 degrees. Grab the cat I said, I started to close the windows inside, she came in with Charcoal who was clearly feeling the lack of warmth and we closed all the windows. I moved towards the gas heater and turned it on. I didn’t need it, but she would definitely need heat soon enough. I looked at a contraction in the cupboard. It had thermometers, barometers and they were all going nuts. Air pressure was down to 950 and the temperature had gone down to 9 degrees. I looked out and I saw people run for entries wherever they saw one. It was definitely a larger problem, but I had never seen anything like this. The clouds in the air were dissolving, the sky was deep blue and the thermometer was now at 6 degrees. The sea looked calm, the air was quiet and the thermometer kept on declining. Within a minute it was down to 1 degree and it seemed to stop there, in the two minutes that I looked outside, I saw people grab coats. I saw a shopkeeper hand sweaters to some women in bikini as well as to men wearing shorts and t-shirts. The cold was felt everywhere. I noticed that the cat was keeping his body against the heater, it as not used to the cold. Then Lucia screamed, I looked at her and she pointed to the room. A man with long silver hairs was standing there. He was wearing a Victorian suit and he looked at me. I had never seen him before. He raised his hand and sparks flew out of his fingers towards the glass table, he then vanished and the heat came back, I looked at Lucia in puzzlement. I smelled a distinct Ozone air and I looked outside. The heat was coming back and I turned the heater off. I looked outside and the sun was there, the heat came gushing in everywhere and within a minute the temperature was back to 20 degrees. I looked at the table. The glass was there and so was a text, in the glass ‘Ελάτε στην Ακρόπολη, πρέπει να μιλήσουμε’. I got that message loud and clear. So this was my grandfather? Time to learn more about the other branch of the family. I send a mental note to grandpa Hades. “Zeus summoned me, will update you later” I looked at Lucia “It seems I have to make a business trip”, she nodded. She did not understand what was going on, but I got the impression that she was eager to go into denial. “Break the table into small parts, keep the cat away and be careful. Get a new table please.” I walked into the bedroom and got a small bag and from the living room fruit bowl I got my keys, wallet and some small stuff. Time to see Athens again.

Time squandered, time wasted

That was the first thought I had when I saw the Guardian article ‘Profits at world’s seven biggest oil firms soar to almost £150bn this year’. It is not their fault. The article is not what I am commenting on, not really. We get (at https://www.theguardian.com/business/2022/oct/27/profits-at-worlds-seven-biggest-oil-firms-soar-to-almost-150bn-this-year-windfall-tax) “Mathew Lawrence, the director of Common Wealth, a think-tank, said Shell’s zero windfall tax bill for 2022 showed the levy introduced by Rishi Sunak when he was chancellor in May was “not fit for purpose” and needed significant change”, yes. That is how it starts and I am not saying that the comment is wrong, because that would require me to be an expert on taxation, and that is definitely not me. But consider that I wrote ‘Heating at what price?’ On December 3rd 2018, almost 4 years go (at https://lawlordtobe.com/2018/12/03/heating-at-what-price/).

I mentioned tax overhauls before that, years before than and now we see the impact of inaction and I get that Shell is not wavering, because tax laws were never properly overhauled and now there is a problem. So in 2018 I wrote “It is the first time in history that a Middle Eastern nation has the ability to put the US and EU to shame with their lack of technological progress. They claim to have it, yet Saudi Arabia is making a move towards ‘showing to have it‘, changing the game for both the US and Europe. This is where we see the difference. China and Russia see this as an opportunity, whilst Europe and the US are seeing it as an inconvenience” and now it is no longer an inconvenience, now it is an actual problem and the UK, EU and US are not ready. I warned of these dangers 4 years ago, but they all knew better. How do you feel? Did they know better? Did they know more are were they merely playing stationary, optionally licking stamps. And the opportunity that Russia sees and the opportunity that China sees are different. Russia is out of the equation, but China is now fulfilling what I saw 4 years ago and it will get worse. As China has more and stronger ties with Saudi Arabia they can get more oil and America? They can play indecisive politician, play the pariah game a little more. The UK has its tea grannies (CAAT) messing things up and Europe has little options from the start. All things I wrote about in 2018. And the UN is useless in this case (as I see it). Two things can be seen in very different things, in different ploys. In players and receivers. In actions and lack thereof. Two things almost half a dozen times over and I made clear mention of it in 2018. So as I prepare to sell my IP, I can now see that the timing is near perfect. The players will overreact and by the time they figure out what they could have done I will be retiring. In this it will be either Google versus Amazon, the Kingdom of Saudi Arabia versus all others. If one acts the other loses and it will be billions that they lose, if one accepts they will have billions in a direction they never considered before and as I see inaction upon inaction I am wondering if their inactions is why they never saw what they could have gotten. I know it I speculation, but when was the last time anyone left well over 5 billion a year on the floor? And it plays out in the same way that Shell and others are coaching their fortunes. The inactions of others is making them rich, I deeply hope that I get that same bonus, my retirement kinda depends on it. 

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July 11, 2020 · 03:08

The image we are offered

Yup, it happens, we all have an image of a person. Not in any good or bad way, just an image of how we have seen him the most. In my case, this reflects on Eminem. The rapper has been part of my music appreciation life for around two decades. It started with the Marshall Mathers LP, which I bought because I liked the song Stan. The album brought a lot more than merely one song, and I’ll be honest, I didn’t get parts of it, I am not an American, the issues he sings about are issues I never witnessed or faced. I bought 4 albums and over the years I lost sight of his music. Not intentional, the world is filled with music and I try to learn as much as I can. So when I saw him looking like a F1 racer with beard and all, I took a step back. As I took note of ‘Eminem criticises non-mask wearers on new rap track’ (at https://www.theguardian.com/music/2020/jul/10/eminem-criticises-non-mask-wearers-on-new-rap-track-kid-cudi-covid-19) I learned of “Eminem has entered the debate about face masks in a collaboration with Kid Cudi, tackling an issue that is the subject of fierce disagreement in the US and UK”, and the lyrics are set to the spice of Eminem (read: less subtle in bringing the message) and as we see ““Bunch of halfwits up in office. Half of us walking around like a zombie apocalypse. Other half are just pissed off and don’t want to wear a mask and they’re just scoffin’. And that’s how you end up catchin’ the shit off ’em. I just used the same basket as you shoppin’, now I’m in a fuckin’ casket from you coughin’.”” Is the direct approach. They are not wrong, but the fact that this situation has been brought to rap and the Guardian voices that in another way by stating “Eminem’s lines are a long way from any that the Scottish first minister, Nicola Sturgeon, would ever use but they articulate similar sentiments.” It is a global scene and in light of 200+ doctors now giving nice to the fact that Covid-19 is airborne sheds a different light on the matter. We see politicians making light (to some extent) of the situation, yet the story does not reflect the death toll. And team Eminem-Kid Cudi are alerting us to a much harder reality. So whilst we see a correlation between US and UK politics, we get to see  “Downing Street has faced questions about why more cabinet ministers are not wearing masks. There have been no public sightings of Boris Johnson wearing a face covering, while the chancellor, Rishi Sunak, was pictured serving food to customers at Wagamama with nothing on his face but a grin.” If presentation is key in issues, we see the failing of politicians to a much larger degree and when the population starts taking heed of team Eminem-Kid Cudi whilst removing politicians from the circle of trust and belief, we could state that the shit has truly hit the fan. 

I applaud the move that these two have made, social awareness tends to be more easily embraced through music and the issue is important. And when we see the claims some people have made, it matters.

The first is ““The United States has done far more ‘testing’ than any other nation, by far!” Mr Trump said this on 25 March, when the latest official data showed that a total of 418,810 people had been tested in the US.” 418K over a population of 235,000,000? That is a little less than 0.1%, all whilst South Korea tested 0.7% of the entire population, as such South Korea exceeded testing by 700%, not a proud moment for the White House. 

The second one is important: “Mr Trump said he thought the true death rate, based on “my hunch”, was “way under 1%”.” That in a stage where 25% of all reported cases are in the US, whilst 136,000 people in the US died, a non-living rate of well over 4%, in this the White House was wrong by well over 400%, as such the numbers matter and as such the album, The Adventures of Moon Man and Slim Shady, will matter as well. We can throw numbers at you all night long, but the reality is that we need to take notice and we need to take action. And should you disagree then I say fine, do that, and if you die my value merely increases. We can go that way too, so in light of the stage where the words of a rapper actually have direct global meaning, we need to take notice of the casual approach that politicians have shown to have. 

This is not about bashing President Trump (a mere added bonus), the global political stage is weird and irresponsible as to how they perceive the state of the global stage to be, the fact that all these political ‘heavyweights’ are shown to be largely inferior to the Prime Minister of New Zealand (Jacinda Arden), a (rather small) nation that according to the Facebook Image is not linked to the rest of the world, should shows us all just how serious matters have become. 

We have ignored at the impressions of some people, whilst the stage was serious, it was deadly and that needs to be reflected, again and again like it is a lesson from the Teletubbies, as I personally see it team Eminem-Kid Cudi might optionally be a little late, but they are there a lot faster than some of these so called ‘serious politicians’, we the people have a problem and we need to realise it a lot faster than we are, our lives actually depend on it at present.

 

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