Ripping Your Face Off

This could soon be youOne of Tyler's favourite financial market memoirs is Frank Partnoy's FIASCO, his account of life as a Morgan Stanley derivatives salesman during the 1990s:"The derivatives group received its marching orders from the firm's leader, John Mack. Following Mack's lead, my ingenious bosses became feral multimillionaires: half geek, half wolf. When they weren't performing complex computer calculations, they were screaming about how...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Still Paying For The EU

Following Mr Cam's, ahem, "triumph" in holding the EU budget increase to a mere 2.9% next year, we thought we'd remind ourselves just how much we've paid in since we joined in 1973.Because the numbers can get very confusing. All kinds of different definitions of gross and net - pre and post-rebate - get chucked around, often in a deliberate attempt to confuse us.So let's remember the key points. Our gross contribution to the EU budget comprises...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Best To Be Bold

Daft - but not quite as reported*Nobody said welfare reform was going to be easy. There were always going to be losers, and the welfare lobby was always going to scream very loudly. But if we are ever going to grip our ballooning £200bn pa welfare bill and provide real work incentives, serious reform is absolutely essential. And to do it right, we must be bold. Nibbling away at the margins is very likely to leave us with the worst of both...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Why 360 Marketing Sends You Round In Circles.

My friend who carried this bag had no idea what it meant - she just liked the bag. To me it was simply a further outbreak of the 360 plague that infects our world to very little marketing effect. Whenever I see it, I am struck that while I know it's meant to indicate something like constant interaction, it primarily reminds me that 365 is a much better known number - and thus 360 seems like taking 5 or 6 days off. It seems to be a diminished claim.It's...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Why The Real National Debt Is Real

Last week we published our estimate of the Real National Debt, putting it at a very scary £7.9 trillion, or around £300,000 for every British family.Since then a number of people have dismissed our figure as grossly misleading, and accused us of scaremongering. So let's just run through some of the objections and see what we think.1. Our nationalised banks have assets as well as liabilities£2.6 trillion of our debt figure comprises the...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Don't Treat Customers As Revenue Sources.

My mobile phone provider frequently fills my time with irrelevant offers designed to bring them more revenue. My mobile phone provider also knows I make a lot of international calls. But when they implemented a new international call plan six months ago, they failed to tell me about it. As someone admitted, "they don't shout about it".Presumably, they don't expect their customers to shout about it, but I did.Firstly on the phone where I had to endure...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

A Forensic Focus On Growth

"When we say we're going to build a new economic dynamism, we mean it.In the weeks and months ahead, ministers will be developing detailed plans to turn this strategy into action. Everything – from bank lending to skills, green tech to high tech, competition to innovation, international trade to local growth – will be put under the microscope. That forensic, relentless focus on growth is what you will get from this government."Thus spake Mr Cam at...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Inferno Continues

It still seems to be alightBOM correspondents have spotted the following ongoing money pyres:1. British CouncilThe good old £0.5bn pa British Council escaped the quango cull (see this blog), and carries on torching our cash as if nothing has happened. David Blackie reports that they have just spent an unknown amount on the “style.uz” fashion week in Tashkent. As David comments:"If the British Council sponsors a “fashion show” anywhere you might wonder...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Yes We Can

New Zealand has given us so much more than deeply disturbing TV adsMaurice McTigue is a New Zealander, and was a member of that country's government as they tackled their own problems of bloated government. He has recently been talking about the experience, and his speech is well worth reading in full (HTP Peter Q). It is hugely encouraging for those of us who want the same here.First, he explains how they managed to cut public sector employment with none of the dire consequences predicted by the Big Government doomsters:"When...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Sorry, We Have No Money

Tyler has been reading a splendid new book by ex-Treasury advisor Warwick Lightfoot (he advised Lawson, Major and Lamont). It's called Sorry, We Have No Money, and it's right up Tyler's street.Lightfoot picks up and amplifies all the themes we cover on BOM - that public spending has grown far too much, it's extremely wasteful, and it constitutes a serious drag on our prosperity. He documents all of this in detail,...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

TINA Does The Spending Review

The Real National Debt comes home to roostBOM readers will be quite familiar with the Real National Debt. It's the measure of government debt that includes all those Enron items the government still manages to keep off its balance sheet (unfunded pension liabilities, PFI, Network Rail, etc etc). And as we blogged earlier this week, when you add them in, you find that the national debt is not £952bn, as officially stated yesterday, but more like £8,000bn....

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

A Busy Day

A lesson we should have learned by nowTyler is off to the TPA today to help analyse the spending announcements. So no time for a proper blog. But three quick thoughts:1. Punching above our weightMuch talk yesterday of Cam's defence cuts stripping us of the ability to punch above our weight. Er... what ability is that exactly? From Suez to Iraq, for the last half century we've had to follow Washington's instructions. Simple as.And apart...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Cuts - Commander Bigglesworth Speaks Out

What a Fokker*"I am a Harrier pilot and I have flown 140-odd missions in Afghanistan, and I am now potentially facing unemployment. How am I supposed to feel about that, please, sir?" Well, that's what happens when Prime Ministers allow themselves to be addressed as Dave: any old public servant feels free to challenge their authority in public. The thing is while we can all understand that Navy pilot's disappointment at losing his plane,...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Deeper - Much Deeper - In Debt

ScaryTyler's long-promised report on the Real National Debt has finally made it to publication (download here and see TPA blog here). As BOM readers will know, the Real National Debt is the debt including all those off-balance sheet Enron items like public sector pensions, and the key points as follows:At the end of 2009-10 the real national debt stood at £7.9 trillion, over £300,000 for every single household in BritainDuring the last decade debt...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Marketing's Digital Obsession.

Marketers have realised that women are the key purchase decision-makers. Marketers have belatedly begun to realise that demography is skewed to the elderly (even though economics classes were pointing that out twenty years ago. Marketers will eventually have to acknowledge that technology is a tool and not the the reason for the behaviour. But in the interim, we'll have to endure a lot of nonsense like digital paper.How ever fine or specially treated...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

So What Happened To Those 25% Cuts?

It turns out she had it easyAs we blogged over the weekend, the noises off suggest that all that macho talk of 25% spending cuts was way off the mark. We learned in June that George's cuts were never going to deliver more than a 4% overall reduction in real-terms spending over 5 years (ie a 9% increase in cash spend against 13% projected inflation). And although the ill-advised ringfence around the NHS and overseas aid budgets suggested...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Shrinking Shears

We thought we'd moved on from theseSo let's see if we've got this right. The defence budget - intitially slated for a 25% cut - is now apparently only going to lose 7-8%. The schools budget - intitially slated to share in education's 25% cut - is now to be preserved at current spending levels in real terms. The quango bonfire turned out to be a damp barbecue.There's £7bn extra cash to fund early years help for poor kids. And in all likelihood...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More

Lessons From A Damp Barbecue

Are we having fun yet?Less a bonfire, more a damp barbecue. There is widespread disappointment that yesterday's cull of the quangos wasn't nearly as decisive as originally billed. In summary, out of 901 quangos reviewed, 380 will remain entirely unchanged, with a further 40 still undecided (ie too difficult to close). On top of that, another 171 will be retained but "substantially reformed", and a further 57 new ones formed from mergers. Overall,...

Gudang grosir baju anak murah - harga pabrik !!
www.gudanggrosiran.com Read More