'When it comes to private equity, you don’t need to cherrypick the horror stories – you have to wade through them.'
www.theguardian.com/business/202...
10.10.2024 10:47
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'When it comes to private equity, you don’t need to cherrypick the horror stories – you have to wade through them.'
www.theguardian.com/business/202...
Did you know that 10% of our GDP is the imagined rent that homeowners would pay for the property they own?
The wacky and wonderful world of GDP....
'[Ellison] told a conference about his vision of a world monitored by his company’s latest AI surveillance systems: ‘Citizens will be on their best behaviour because we’re constantly recording and reporting everything that’s going on.’
www.lrb.co.uk/the-paper/v4...
'In fact, he writes like ChatGPT asked to explain the origins of the digital revolution to primary age schoolchildren.'
www.lrb.co.uk/the-paper/v4...
'The biggest supporter of the Tony Blair Institute, which now employs almost a thousand people around the world, is Oracle founder Larry Ellison, who has donated more than $100 million to Blair’s organisation.'
www.lrb.co.uk/the-paper/v4...
'He also wants big tech companies to be given access to as much personal health data as possible ... The possible costs – of corporate capture, corruption or simple incompetence – are barely considered.'
www.lrb.co.uk/the-paper/v4...
Utterly mad.
The colossal idiot that he is does more harm to his chances of getting hired as a teacher in this interview. He could just be stupid. Or perhaps he didn't really want to go back into teaching anyway and thought this kind of intervention would get some more publicity.
'At the BBC, Kate Lamble produced a podcast throughout the hearings, though its insights rarely seemed to make it across to the corporation’s news programmes. In an act of managerial malfeasance typical of the BBC, Lamble was made redundant after the inquiry reported.'
www.lrb.co.uk/the-paper/v4...
'In 2017, only the most optimistic would have believed that the catastrophe would lead directly to substantive political change; but even the most pessimistic would not have predicted that, seven years on, almost nothing would have changed.'
www.lrb.co.uk/the-paper/v4...
'It is now indisputable that companies rigged safety tests with the complicity of the testing authorities, that politicians refused to act on safety concerns because to do so might have obstructed deregulation...'
www.lrb.co.uk/the-paper/v4...
So many of the Twitter greats are here now!
“The Sun has settled 1,600 claims and paid out £1 billion to keep cases out of court” https://www.thelondoneconomic.com/news/media/the-sun-has-settled-1600-claims-and-paid-out-1-billion-to-keep-cases-out-of-court-372737/
This week's newsletter: Big tech is looting the internet, making every platform actively hostile to the user, turning Facebook, Google Search and Instagram into products that no longer provide a service while making shareholders hundreds of billions of dollars.
www.wheresyoured.at/the-great-lo...
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Economics
Train operating firms oligopoly or monopoly -price makers
1st degree, 2nd degree price discrimination
Imperfect knowledge
But in reality from Haymarket unbooked seats maybe gone
Even booked seat taken by ‘nice’ elderly lady who won’t move
Changes PED
www.independent.co.uk/travel/news-...
'when decisions are made that have disastrous long-term conseqneuces as a result of relatively trivial short-term cash savings, the pathology is often directly related to something that seemed like a good idea to an economist.'
'The book asks why mistakes and crises never seem to be anybody’s fault – it’s always ‘the system’. Davies uses the concept of the ‘accountability sink’ – a policy or set of rules that prevent individuals from making or changing decisions and thus being accountable for them.'
'Britain has not built 300,000 homes a year since the moon landings in 1969. Back then about half were from local authorities and housing associations, at the tail end of a postwar housebuilding boom, before a collapse in social construction rates to just a few tens of thousands.'
'At its core is a plea to prioritise social housing after decades of neglect, with a warning that the scale of our housing disaster is so severe that a council housebuilding programme on a par with the reconstruction efforts after the second world war is necessary.'
Figures released last week show as few as 7% of local authorities in England & Wales have homes that can be bought for less than 5 times a workers’ earnings & are therefore deemed “affordable”
IN 1997 THE FIGURE WAS 88%
Everyone should read this
www.theguardian.com/business/202...
Business as usual got us into this mess and will not get us out.
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So we’ll have to put up with raw sewage in the rivers then, as shareholders would rather keep their money 🤔?
Especially as Ofwat has refused… a 40% bill hike for customers, an easing of capital spending requirements as well as leniency on regulatory penalties. Bless.
www.lbc.co.uk/news/thames-...
USA but could equally apply in UK
Well what do you know?
Massive shareholder payouts, however…
Record sewage spills into England rivers and seas in 2023 www.bbc.co.uk/news/science...
“'Nationalise them now': Sewage spills from storm overflows up 54% in 2023” https://www.thelondoneconomic.com/news/environment/nationalise-them-now-sewage-spills-from-storm-overflows-up-54-in-2023-371196/
