Showing posts from May 8, 2017

Today's Trumpery


There Are More Billionaires in the U.K. Than Ever, But More Britons Are Also Relying on Food Banks

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["The super-rich continue to streak away from the rest of us, while the poorest see their wealth shrink. This is an economy working for the few, not the many." *RON*]
Joseph Hincks, Fortune, 7 May 2017
Britain's billionaire ranks have swollen to 134, up 14 on last year's total of 120 billionaires according to the 2017 Rich List published annually by The Sunday Times.

The list—in its 29th edition—also noted that London was home to more billionaires than any other city in the world, with 86, and said that the combined fortune of the 500 richest people in Britain in 2017 exceeded that of the top 1000 in 2016.

“While many of us are worried about the outcome of the E.U. referendum, many of Britain’s richest people just kept calm and carried on making billions,” said the list's compiler Robert Watts, according to The Guardian.

But the double digit growth in the combined fortunes of Britain's richest 1000 people—which rose from £…

What exactly is Home Capital and why is it so important to the mortgage industry?

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[I read a more recent, follow-up article to this one, and decided to post an older one. I hadn't heard of this - seems like the business community is managing to keep this news contained. This sounds much like the mortgage broker fraud issue that broke out in the US during their housing bubble. It doesn't sound like this is something that can spread, but this general kind of story will be something to keep an eye on. The newer story is here: Home Capital bleeding as deposits sink below $200-million. *RON*]
Armina Ligaya, Financial Post, 27 April 2017

Home Capital Group Inc.’s shares plunged nearly 65 per cent on Wednesday, pulling down the stocks of other alternative mortgage lenders along with it. Here’s a look at the company, its role in the Canadian mortgage landscape and how the discovery of fraud among its brokers two years ago continues to have ripple effects today.

What is Home Capital? What does it do?

Home Capital is a publicly …

The 1981 TV documentary that warned about global warming

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[An interesting bit of history. I couldn't include all the video clips here - size limits on Blogger postings - but click above if you want to see them all. There is also a playlist on YouTube. *RON*]
Leo Hinkman, Carbon Brief, 5 May 2017
On the evening of Tuesday, 8 December, 1981, the UK’s only commercial TV channel, ITV, broadcast an hour-long documentary called “Warming Warning”.

It was among the earliest occasions – possibly the earliest – anywhere in the world where a major broadcaster aired a documentary dedicated solely to the topic of human-caused climate change.

The documentary, which was made by the now-defunct Thames Television, has sat in the archives largely unseen ever since. Until now.

Carbon Brief has tracked down the copyright holder, FremantleMedia Ltd, and persuaded it to release into the public domain a selection of key clips from the documentary.

The clips provide a poignant, historical insight into what scientists knew abo…

Oklahoma Governor Signs Anti-Protest Law Imposing Huge Fines on "Conspirator" Organizations

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[The police state meets the oily, gassy corporatocracy; so long First Amendment. How can this be constitutional? *RON*]

Alleen Brown, The Intercept, 6 May 2017
A STATUTE AIMED at suppressing protests against oil and gas pipelines has been signed into law in Oklahoma, as a related bill advances through the state legislature. The two bills are part of a nationwide trend in anti-protest laws meant to significantly increase legal penalties for civil disobedience. The Oklahoma law signed this week is unique, however, in its broad targeting of groups “conspiring” with protesters accused of trespassing. It takes aim at environmental organizations Republicans have blamed for anti-pipeline protests that have become costly for local governments.

The statute Oklahoma Gov. Mary Fallin approved Wednesday was rushed into immediate effect under a provision that declared the situation “an emergency.” It will dramatically increase penalties against protesters who…

The great British Brexit robbery: how our democracy was hijacked

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[Juicy piece. The fact that they've changed names and won't name some sources is bothersome, but the whole piece brims with intrigue. Even includes a link to Victoria, BC, no less! *RON*]
Carole CadwalladrThe Guardian, 7 May 2017
A shadowy global operation involving big data, billionaire friends of Trump and the disparate forces of the Leave campaign influenced the result of the EU referendum. As Britain heads to the polls again, is our electoral process still fit for purpose?
“The connectivity that is the heart of globalisation can be exploited by states with hostile intent to further their aims.[…] The risks at stake are profound and represent a fundamental threat to our sovereignty.” Alex Younger, head of MI6, December, 2016 “It’s not MI6’s job to warn of internal threats. It was a very strange speech. Was it one branch of the intelligence services sending a shot across the bows of another? Or was it pointed at Theresa May’s governm…