Tuesday, 14 October 2008

42 days - no

The gov has been defeated over its 42 days for holding possible terrorists without charges. It has been touted as a tail between the legs defeat for the governement, a vindication for David Davies, and a triumph for the campaigners of human rights.

The argument goes something like this.

If we detain the wrong person for too long without charges then we are infringing on their human rights, which isn't fair.

An alternative argument might go

We suspect this person of terrorist activities, and may cost the lives of many people if we don't find out if they really are involved with terrorism. They may be inconvenienced for three more weeks, We may save hundreds of lives. If we release them too early, its possible they may kill hundreds of people, which isn't fair.

Now, I'm not a great fan of the current labour government, but I'm on their side with this one, and its the Lords who have been shown to be a bunch of bumbling fools in this case.

We may not have needed 42 days (and apparently it would only have been needed 4 or 5 times over the next few years, but that would have remained to have been seen), but it would have been useful to have, just in case.

You could argue, by extension, that id cards are a good thing. Yes, but only if they work, prevent id theft, and don't cost an arm and a leg.

Which just goes to show, that wherever you are in the gov, which side or house, you will always do something to merit derision.

More data lost

http://www.itv.com/News/Articles/Warning-over-missing-MoD-hard-drive-266078232.html

This time the names and addresses of 1.7 million people who may want to join the armed forces.

Some may call that a list of applications. Others could call that a target list.

Hey, I want to sign up too!

Turmoil on the seas of high finance

We are currently in the middle of one of the biggest banking and stock market melt downs the world has ever seen. The British taxpayer is now a share holder of UK banks PLC (still waiting for my certificates), with one of the biggest injections of capital in order to - wait for it - encourage credit.

Isn't this what got us into this mess in the first place?

Without my agreement, I've had to loan the banks £1,600, so they can continue to lend money to people, to keep the economy going. Well, at least they have agreed not to take a bonus, this year!

It has to stop somewhere. We can't go on lending money that we don't have to people who are having more and more difficulty paying it back. It may well be painful, but at some point we may have to go back to (sharp intake of breath) saving for the stuff that we want before we get it.

Of course Gordo's is being hailed as the saviour of the worlds economy, the hero of the UK banking system. Now, forgive me if I'm wrong, but who was one of the major architects of the mess we are in now?

Some bankers, a few weeks ago considered heroes because of the magnificent ways they created wealth, are now dropping off their perches like flies. As my wife pointed out, bankers don't create wealth, they just move it back and forth, its the people who work for a living that create the cah that pays for the taxes that goes towards bailing out banks.

Here's a great explanation of the stock market, that suddenly appeared on the internet

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each.

The villagers seeing that there were many monkeys around, went out to the forest, and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50 ! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers. "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."

The villagers rounded up all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!

Now you have a better understanding of how the stock market works!!

As my wife commented (plaguerising again), what would have happened if this were the farmers who were in trouble, would the gov bail them out. I pointed out that when the farmers were in trouble with Foot and Mouth, their stock was shot, but with the bankers (who funnily enough have had their stock shot too), the compensation is vastly more. Just goes to show, money does talk. Makes you wonder, if the farmers had as much political power, or influence on the careers of the politicians, would the bail out package have been the same?

Thursday, 9 October 2008

I'm a bank shareholder

Apparently, as a result of a £50bn cash injection by the gov, I'm now the proud owner of £1600 pounds worth of stocks and shares in the UK banking industry.

The banks must be so excited by this free windfall. Now all the top managers can continue to receive their entirel modest and understandable performance related bonuses - after all its not their fault everythings gone tits up, and we do need the best poeple in these highly important jobs too.

I'm waiting for my share certificates.

And remember punters, the value of stocks can go down as well as up!

Sunday, 28 September 2008

Data, data, data

Yet two more data losses today

50, 000 RAF files missing, stolen from a 'secure' military base.
http://www.dailymail.co.uk/news/article-1063332/Helpline-opened-50-000-RAF-files-stolen.html

11, 000 teachers files lost by a courier
http://www.itproportal.com/articles/2008/09/26/more-data-mayhem-details-11000-teachers-get-lost-courier/

Becoming a bit of habit, wouldn't you say? And this on the same day (virtually) that the gov rolls out its id cards
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/09/28/do2804.xml

It seems that id cards are voluntary (like they are going to stay like that), except for foreign nationals. Like any self respecting terrorist is going to rush out to but an id card. And it seems the data cantained on the id card is innaccurate in a propartion of the cards, and iy'll only be a matter of time before the cards are hacked.

This is yet another example of a complete and utter waste of money. I cannot find one article in favour of id cards, not gov related, anywhere. For crying out loud, LISTEN TO US.

Saturday, 13 September 2008

Time for a change

Ah, the vultures are circling.

In one of the most patronising set of interview responses I've seen in a long time, Siobhain McDonagh gave a series of non responses to questions about Gordon Brown, new leadership contests and contestants, with as sitting on the fence so as not to damage her future career replies aimed at ousting Gordo, and nothing more.

The rest of the vultures are circling. Gordo's lack lustre premiership is coming to an end - lets see how long he can cling on for.

http://news.bbc.co.uk/1/hi/uk/7613701.stm

Thursday, 4 September 2008

Have to stay till you're 17

Yesterday was the first time pupils starting at secondary school would be legally obliged to stay until they were 17 years old.

As far as I'm concerned the jury's still out on this one, but I can't help thinking that the ones who don't want to stay probably won't, but at least it'll keep the govs unemployment figures down.