Sunday, June 14, 2015
HSBC - the shakeup continues...
"Right, that's the building transferred under a PFI arrangement to a trust registered in the Dutch Antilles, the headteacher will in future be paid via a personal services company in Jersey with "salary" deemed as staged loans, and petty cash stored overnight in a Swiss call account..."
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Saturday, June 13, 2015
Their despotic instincts
source |
In his book The Modern Regime, Hippolyte Taine spends a considerable time analysing the regime imposed by Napoleon Bonaparte and how he engineered it, his deep understanding of human weakness and how it could be used. Even two centuries later the parallels with our own time are striking.
At his first nod the French prostrate themselves obediently, and there remain, as in a natural position; the lower class, the peasants and the soldiers, with animal fidelity, and the upper class, the dignitaries and the functionaries, with Byzantine servility.
The republicans, on their side, make no resistance; on the contrary, among these he has found his best governing instruments—senators, deputies, state councillors, judges, and administrators of every grade. He has at once detected behind their sermonizing on liberty and equality, their despotic instincts, their craving for command, for leadership, even as subordinates; and, in addition to this, with most of them, the appetite for money or for sensual pleasures.
Hippolyte Taine - The Modern Regime (1893)
In particular, the last sentence stands out. He has at once detected behind their sermonizing on liberty and equality, their despotic instincts... How accurate it all is, and how very modern. Nothing really changes does it?
When our low-information voters make their mark in the forthcoming EU referendum and opt for staying in, then maybe we should keep an eye on Corsica. Metaphorically speaking of course.
When our low-information voters make their mark in the forthcoming EU referendum and opt for staying in, then maybe we should keep an eye on Corsica. Metaphorically speaking of course.
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All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.
Thursday, June 11, 2015
As the culture ages
source |
A problematic quote for anyone old enough to observe and also inclined to deplore cultural change.
As the culture ages and begins to lose its objectives, conflict arises within it between those who wish to cast it off and set up a new culture-pattern, and those who wish to retain the old with as little change as possible.
Philip K. Dick - The Defenders (1953)
There must always be a suspicion that deplored cultural changes are merely changes to which younger generations have adapted and will continue to adapt because this is the way of the world. So any perceived decline is merely adjustment as the culture ages and begins to lose its objectives.
Certainly modern times are markedly different from the past, technology, prosperity, communications and general know-how have made it so. In which case there could be genuine problems we can’t see because we haven’t encountered them before. Not that we are much good at learning from the past, but maybe we can’t anyway because the past is too far removed from the present.
Almost two thousand years ago Seneca attributed perceived cultural decline to the vices of mankind and not of the times.
Almost two thousand years ago Seneca attributed perceived cultural decline to the vices of mankind and not of the times.
You are mistaken, my dear Lucilius, if you think that luxury, neglect of good manners, and other vices of which each man accuses the age in which he lives, are especially characteristic of our own epoch; no, they are the vices of mankind and not of the times. No era in history has ever been free from blame.
Seneca - Epistulae morales ad Lucilium c. 65 AD
It is as if our faults are always with us but from age to age they vary in their significance, in their contribution to the present. Things could be better but that is always the case and always will be until we evolve into something else, something better. Or possibly worse?
It is as if our faults are always with us but from age to age they vary in their significance, in their contribution to the present. Things could be better but that is always the case and always will be until we evolve into something else, something better. Or possibly worse?
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All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.
Tuesday, June 09, 2015
The great sock issue
Every now and then it is worth rising above geopolitical tensions and turmoil to consider more fundamental issues such as socks.
As many chaps and no doubt lady chaps do, I buy identical socks in bulk to avoid the odd sock debacle when they emerge from the wash. If all socks are the same then odd socks don't matter as I'm sure you have observed.
The only real downside to this winning strategy lies in the purchase, specifically the problem of multi-packs bonded together with what seems like dozens of those little plastic tags. Somehow the end of every single tag buries itself into the sock so deeply and firmly that great dexterity is required to snip tag rather than sock.
Not only that, but when snipped they fly around like toenail clippings, which I suppose is ironic in a way. I'm sure the above photo is merely an incomplete sample from my latest purchase. I'll find one or two more when I wear the socks and the rest will end up in the vacuum cleaner.
Ah well - back to the geopolitical tensions.
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Sunday, June 07, 2015
Centennial irony competition
This century is still young, but the American legal-political-business establishment going after FIFA for corruption has to be in the top 10 ironies of the last 15 and next 85 years.
Any other contenders?
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All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.
Saturday, June 06, 2015
Like I said (Greece and Russia)
Greece refuses to pay up - then flirts with Putin: PM begs Russia for support after attacking 'absurd' austerity conditions on his crippled nation
- Daily Mail, today
_________________________________________
You can see more than you can stop...
Those who set a fire cannot be certain of controlling its spread. Burning round the eastern Mediterranean, the flames could tickle other countries too, as Russia becomes involved in the new Great Game. The same tactics that have destabilised the Arab Street could be used against nations on the northern coast of the Middle Sea, which have been suffering as a result of the overbearing rule of the EU and the predations of international banking. Greece for example, with its high youth unemployment, history of internecine strife and 8,500 miles of coastline, might be a tempting target for subversion and infiltration.
You can lose power through overreaching. I used to have a postwar edition of the Encyclopedia Britannica, and one of its articles traced the roots of the Reformation to the attempt by mediaeval Popes to maintain and strengthen their control while Western countries settled down and their kings grew stronger. Is the US risking upsetting the balance of power by trying to secure the Levant?
Conversely, the collapse of the Soviet Union has allowed Russia to get a better grip on its affairs and its developing energy resources are giving it something to bargain with rather than invade. (She also has a very promising agricultural position: 117 people per km2 of arable land, versus 179 for the US and - dangerous, this - 1,077 for the UK.) The potential economic power is seen in control of gas supplies to Northern Europe, but also perhaps in the events that led to the fall of Greek Premier Kostas Karamanlis in 2008 - he was negotiating with Russia for their South Stream gas pipeline, a rival to the EU/US Nabucco line. There are even allegations of an assassination plot against Karamanlis and foreign threats against the Greek government.
It doesn't take much to drop a country into chaos. It's said that a satphone and $20,000 can get you an African armed revolutionary movement. A organized minority can overthrow and seize a nation. For example, in the Soviet Union of 1986 only 10% were in the Communist Party, of which more than half were industrial workers and farmers; in pre-Purge 1933, maybe 2.5%; in 1918 just after the Revolution, a mere 200,000 members or one-fifth of one per cent.In Greece, the average electoral turnout for the Communist KKE has been over 6% since 2000, and back in 1958 it was 24%. The average of c. 470,00 votes (not that voting means much to Communists, and some of the most dangerous will stay in cover) represents around 5% of the population aged over 15. The KKE vote halved between May and June last year (from 536,072 to 277,122) and one has to wonder whether there may be some foreign support for some of the alternative parties; but Greeks are quite capable of quarrelling without the help of outsiders. The point is that the politics there are volatile, and there are lots of hormonal youngsters to recruit for one cause or another.
Not that Greece is the only southern European country ripe for trouble. Think of Italy and Spain; and the Balkans. A direct confrontation between major global players seems unlikely, at this stage; but goodness knows what is going on in the world of Spy vs. Spy. And it's not only the US Sixth Fleet aiming to "keep the peace" in the Eastern Med: Russia is reported to be sending a missile cruiser and an anti-submarine ship.
Russia still has only one port that is ice-free all year round, and that is on the Baltic and separated from the Mother Country by the land of three other nations. But she controls land joining the Caspian and Black Sea, and has ethnic Slavic connections with Bulgaria, Macedonia and even currently Turkified Slavs in Anatolia. Oh, for free naval passage through the Hellespont and a base in Alexandroupoli, or even Thessaloniki.
- 3 September 2013: http://theylaughedatnoah.blogspot.co.uk/2013/09/the-war-for-mediterranean.html
________________________________________________
Poor, dumb President Putin! He simply can't see how he has wasted all that money developing Russian assets on the Black Sea.
Nor, to be frank, can I.
Watch for (a) destabilising tendencies in Greece and (b) a gradual rise in the commercial fortunes of Thessaloniki. And - who knows? - a revival of nostalgic sentiment among the descendants of Pontic Greeks (many of whom now speak Russian) in northern Turkey, Georgia and the Ukraine.
- 17 March 2014: http://theylaughedatnoah.blogspot.co.uk/2014/03/from-sochi-to-sevastopol.html
______________________________________
Greece has also had a history of struggle with Communism and the EU's crippling economic interference has recently re-raised tensions between (and support for) Left and Right. In this context it's worth noting that last May there was a Greek Communist Party rally in Thessaloniki. This is Greece's second largest city and a major hub for the eastern Mediterranean. Colour northeast Greece the same as Yugoslavia in the above map and the West's only ally on the shores of the Black Sea would be Turkey - which also (currently) controls the Bosphorus, the Black Sea's door into the Med.
- 29 March 2014: http://theylaughedatnoah.blogspot.co.uk/2014/03/battle-for-black-sea.html
- Out of geography comes history.
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All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.
- Daily Mail, today
_________________________________________
You can see more than you can stop...
Those who set a fire cannot be certain of controlling its spread. Burning round the eastern Mediterranean, the flames could tickle other countries too, as Russia becomes involved in the new Great Game. The same tactics that have destabilised the Arab Street could be used against nations on the northern coast of the Middle Sea, which have been suffering as a result of the overbearing rule of the EU and the predations of international banking. Greece for example, with its high youth unemployment, history of internecine strife and 8,500 miles of coastline, might be a tempting target for subversion and infiltration.
You can lose power through overreaching. I used to have a postwar edition of the Encyclopedia Britannica, and one of its articles traced the roots of the Reformation to the attempt by mediaeval Popes to maintain and strengthen their control while Western countries settled down and their kings grew stronger. Is the US risking upsetting the balance of power by trying to secure the Levant?
Conversely, the collapse of the Soviet Union has allowed Russia to get a better grip on its affairs and its developing energy resources are giving it something to bargain with rather than invade. (She also has a very promising agricultural position: 117 people per km2 of arable land, versus 179 for the US and - dangerous, this - 1,077 for the UK.) The potential economic power is seen in control of gas supplies to Northern Europe, but also perhaps in the events that led to the fall of Greek Premier Kostas Karamanlis in 2008 - he was negotiating with Russia for their South Stream gas pipeline, a rival to the EU/US Nabucco line. There are even allegations of an assassination plot against Karamanlis and foreign threats against the Greek government.
It doesn't take much to drop a country into chaos. It's said that a satphone and $20,000 can get you an African armed revolutionary movement. A organized minority can overthrow and seize a nation. For example, in the Soviet Union of 1986 only 10% were in the Communist Party, of which more than half were industrial workers and farmers; in pre-Purge 1933, maybe 2.5%; in 1918 just after the Revolution, a mere 200,000 members or one-fifth of one per cent.In Greece, the average electoral turnout for the Communist KKE has been over 6% since 2000, and back in 1958 it was 24%. The average of c. 470,00 votes (not that voting means much to Communists, and some of the most dangerous will stay in cover) represents around 5% of the population aged over 15. The KKE vote halved between May and June last year (from 536,072 to 277,122) and one has to wonder whether there may be some foreign support for some of the alternative parties; but Greeks are quite capable of quarrelling without the help of outsiders. The point is that the politics there are volatile, and there are lots of hormonal youngsters to recruit for one cause or another.
Not that Greece is the only southern European country ripe for trouble. Think of Italy and Spain; and the Balkans. A direct confrontation between major global players seems unlikely, at this stage; but goodness knows what is going on in the world of Spy vs. Spy. And it's not only the US Sixth Fleet aiming to "keep the peace" in the Eastern Med: Russia is reported to be sending a missile cruiser and an anti-submarine ship.
Russia still has only one port that is ice-free all year round, and that is on the Baltic and separated from the Mother Country by the land of three other nations. But she controls land joining the Caspian and Black Sea, and has ethnic Slavic connections with Bulgaria, Macedonia and even currently Turkified Slavs in Anatolia. Oh, for free naval passage through the Hellespont and a base in Alexandroupoli, or even Thessaloniki.
- 3 September 2013: http://theylaughedatnoah.blogspot.co.uk/2013/09/the-war-for-mediterranean.html
________________________________________________
Poor, dumb President Putin! He simply can't see how he has wasted all that money developing Russian assets on the Black Sea.
Nor, to be frank, can I.
Watch for (a) destabilising tendencies in Greece and (b) a gradual rise in the commercial fortunes of Thessaloniki. And - who knows? - a revival of nostalgic sentiment among the descendants of Pontic Greeks (many of whom now speak Russian) in northern Turkey, Georgia and the Ukraine.
- 17 March 2014: http://theylaughedatnoah.blogspot.co.uk/2014/03/from-sochi-to-sevastopol.html
______________________________________
Greece has also had a history of struggle with Communism and the EU's crippling economic interference has recently re-raised tensions between (and support for) Left and Right. In this context it's worth noting that last May there was a Greek Communist Party rally in Thessaloniki. This is Greece's second largest city and a major hub for the eastern Mediterranean. Colour northeast Greece the same as Yugoslavia in the above map and the West's only ally on the shores of the Black Sea would be Turkey - which also (currently) controls the Bosphorus, the Black Sea's door into the Med.
- 29 March 2014: http://theylaughedatnoah.blogspot.co.uk/2014/03/battle-for-black-sea.html
- Out of geography comes history.
READER: PLEASE CLICK THE REACTION BELOW - THANKS!
All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.
Thursday, June 04, 2015
The net is already woven
source |
The most contagious feelings, the clearest thoughts, of others are clear or contagious only because I can readily make them my own.
George Santayana - Scepticism and Animal Faith (1923)
A typically spooky observation by old George. Clarity is not merely useful for comprehension but contagious too. Clear ideas are often clear because they are in some sense familiar. They slip so easily past our dozing right of veto. When it comes to language, clarity and familiarity are intimately linked, often to our ultimate disadvantage.
Quine likened our ideas to a network which cannot easily be modified without risk of unravelling the whole shebang. So we make sure it stays intact because we must. One idea links to the next in chains of what we think of as reasoning even if the first link in the chain was forgotten long ago or never even noticed as it stitched itself into the network of our predilections and allegiances.
Which links to the forthcoming UK EU referendum because the EU is familiar and life outside isn't. In one form or another we’ve been members for decades so the net is already woven.
Was that always the plan? I don’t know, but any passably competent bureaucrat could easily have foreseen the political advantages.
Quine likened our ideas to a network which cannot easily be modified without risk of unravelling the whole shebang. So we make sure it stays intact because we must. One idea links to the next in chains of what we think of as reasoning even if the first link in the chain was forgotten long ago or never even noticed as it stitched itself into the network of our predilections and allegiances.
Which links to the forthcoming UK EU referendum because the EU is familiar and life outside isn't. In one form or another we’ve been members for decades so the net is already woven.
Was that always the plan? I don’t know, but any passably competent bureaucrat could easily have foreseen the political advantages.
READER: PLEASE CLICK THE REACTION BELOW - THANKS!
All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.
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