Category Archives: Finance

Costco: the value of decent wages

“Unusually for a retailer, Costco invests in its employees….The average retail employee in the USA makes $12 (£8.51) an hour whereas Costco pays its employees around $24 (£17.02) an hour…..Paying a living wage benefits the business – Costco has an … Continue reading

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Book Review: Jonathan Calvert and George Arbuthnot ~ Failures of State: The inside story of Britain’s battle with Coronovirus (2021)

Investigative journalists are worth their weight in gold. Clavert and Arbuthnot write for the Sunday Times about Covid-19 from its earliest manifestation. As journalists they write in a very attractive and accessible way. This is epitomised by their chapter headings: … Continue reading

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The UK Mayoral Elections, 2021

Turnout in none of the eleven 2021 Mayoral elections came close to 50%+1.The electorate shunned the opportunity to participate. (see Addendum) Does this affect the legitimacy of the result? Let’s imagine an election in fictional Loncaster which has an electorate … Continue reading

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Greedy? Moi?

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How Former Prime Ministers Get Rich

The last four British prime ministers left office and became speech makers, receiving enormous fees.1 Tony Blair, as a superstar, commands the highest. He was prime minister for ten years and at the centre of world affairs. His earnings are … Continue reading

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Senior Army Officers hit the jackpot after the First World War

    Field-Marshal Sir Douglas Haig 100,000 Field-Marshal Viscount French 50,000 Field-Marshal Sir Edmund Allenby 50,000 Field-Marshal Sir H. Plumer 30,000 Field-Marshal Sir Henry Wilson 10 000 General Sir Henry Rawlinson 30,000 General The Hon. Sir Julian Byng 30,000 General … Continue reading

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The Transition from Workhouses: the 1930s

By the 1920s the workhouse system was anachronistic. Democratic reforms in 1918 meant wealth was no longer a qualification for the franchise. The 1929 reforms of relief of the poor led to the formation of Public Assistance Committees. This didn’t … Continue reading

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Brexit, Northern Ireland and Unification

The 2016 Brexit referendum aggregated all UK votes into a single total. England’s majority swamped the Scottish, Welsh and Northern Irish vote, which immediately cast a doubt on the idea of a shared political identity. Brexit’s authority however depended on … Continue reading

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Hitler’s nightmare: Henry Morganthau’s plan

Henry Morgenthau was Roosevelt’s Secretary of the Treasury from 1934. To Hitler he epitomised ‘World Jewry’. He was Jewish Wall Street royalty, a close friend and colleague of Roosevelt. He rescued the US economy by ‘Keynesian’ financing of the New … Continue reading

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Film Review: American Factory (Netflix) (2019)

This brilliant documentary won the 2020 Oscar. Unfortunately it’s only on Netflix. If you want to see it sign up for a months free trial and then cancel. The 2008 banking crisis consumed GM’s factory in Ohio. A few years … Continue reading

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