Category Archives: Finance

The generosity of billionaires

Amazon CEO Jeff Bezos made headlines earlier this month with his donation of $690,000 to the Australian wildfire relief effort- a sum roughly estimated to equate to less than five minutes* of his earnings. * For someone on £40,000 this … Continue reading

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Gordon Brown’s* Aspiration to End Childhood Poverty, 1997-2010

Gordon Brown became Chancellor after the Labour landslide of 1997. His aspiration was to end childhood poverty and no one would ever have a better opportunity. The Conservative party was in utter disarray and both he and Tony Blair commanded … Continue reading

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Book review: Annie Duke ~ Thinking in Bets (2019)

Gambling fascinates me and I like stories associated with gamblers. Kerry Packer is an endless source of pleasure for me. He was famously irritated by a braggart in a Las Vegas casino who wanted everyone to know he had a … Continue reading

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How supermarkets promote theft

“A 2015 study of self-checkouts with handheld scanners, conducted by criminologists at the University of Leicester, also found evidence of widespread theft. After auditing 1 million self-checkout transactions over the course of a year, totalling $21 million in sales, they … Continue reading

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Book Review: Oliver Bullough ~ Moneyland: Why thieves and crooks now rule the world and how to take it back (2018)

There is an investigative book. Like all investigative books it offers revelations, which alter our perception of the foundations of society itself. Misha Glenny’s McMafia: Seriously Organised Crime (2008) is the grand-father of the genre. His book is now so … Continue reading

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Book Review: John Carreyrou ~ Bad Blood: Secrets and Lies in a Silicon Valley Startup (2018)

Without trivialising this wonderful book I was reminded of a joke as I followed the career of Elizabeth Holmes: Q. What’s a gold mine? A. A hole in the ground owned by a liar Elizabeth worshipped Steve Jobs and Bill … Continue reading

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The top 0.01% in the USA

The top 0.01% of American workers—now some 15000—this year have incomes, including capital gains, of about 500 times the average. Typical incomes in America today, including capital gains and benefits, are perhaps 300 [dollars] a working day. The gulf between … Continue reading

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