Category Archives: Finance

Fancy banking in the Ukraine?

There is a bank in Ukraine that is offering *21%* interest on a checking account. But you must take 10,000 steps a day, tracked by their app, to qualify. Miss one day and you get nothing. I can’t decide if … Continue reading

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Why the Conservative Party Treasurer reads obituary columns

According to the Tory Party’s own accounts last year [2017] it received twice as much in donations from the dead, in the form of legacy payments, as from the living. It lost half of its membership between 2005 and 2013. … Continue reading

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Some banks who wrecked the world economy

Britain: 2009 In Britain, the most egregious case was RBS, a now majority state-owned bank that announced in February 2009 that it intended to honour £1 billion in bonus contracts.1 2012 The Barclays chief executive, who was paid £18 million last … Continue reading

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Book Review: Michael Lewis ~ Flash Boys: Cracking the money code

This is a wonderfully entertaining book, which reads like a novel, an incomprehensible techy textbook and a polemic against the US stock market. Parts were beyond my understanding. For example- “Round-trip travel time from Chicago to New Jersey has been … Continue reading

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Exploitation of public assets by London Borough of Havering, 2018

This year (2018) our local Harrow Lodge Park was subjected to two hideous instances of corporate exploitation. The flats can be viewed as luxurious, they are spaciously built to “Parker Morris” standards and with an envious view over the park … Continue reading

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A blatant insurance salesman

Salesman: This policy is called the Peace of Mind Policy and it’s perfect for you. Customer: Why? Salesman: Well the exclusions are printed in light blue on a green background and I don’t think that you’re the sort of person … Continue reading

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Book Review: Mohsin Hamid ~ How to get filthy rich in Rising Asia

When your first book is The Reluctant Fundamentalist the bar is set very high indeed for subsequent books. The temptation is to write the same book again. I have in mind Lee Child, Ian Rankin et al. who write scores … Continue reading

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