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Showing posts from January, 2010

Reward for failure, Fred Goodwin and RNJM

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Image by Getty Images via Daylife It seems that Fred 'the shred' Goodwin has found himself a new job. Apparently he's been taken on by RNJM as a consultant. Fred Goodwin was, of course the banker who ran up a £28 billion debt at RBS in 2008, the biggest loss in UK corporate history. If I was a shareholder at RNJM I would be worried, very worried. Still, this is Britain, where failure commands rewards. Related articles by Zemanta RBS Pension Cap 'Body Blow' To Staff (news.sky.com) RBS set to cut pension benefits (news.bbc.co.uk) RBS chief Stephen Hester says there is no 'miracle cure' as bank slumps to £1bn loss (telegraph.co.uk)

Ditch supertax to stop 9,000 bankers leaving City

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So says Boris Johnson according to the London Evening Standard Boris Johnson threw down the gauntlet to shadow chancellor George Osborne today, urging him to rule out extending the supertax on bonuses. The Mayor is seeking reassurances that Gordon Brown's tax would not be imposed by a Tory government. The showdown comes after Mr Johnson claimed that up to 9,000 bankers could leave London to escape paying. Only one thing I have to say; TAXI!   Related articles by Zemanta Boris rails against bonus tax (guardian.co.uk)

Don't forget my other blogs!

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Image by theukhalls via Flickr You can find a bit of politics here at Lansbury's Lido. If you fancy something technical then perhaps have a look at Plans to Prosper . Or if it's spiritual then why not head over to The Sign Of The Cross ? Shameless self promotion I know but at least you can see a more full picture of who I am.

A Warning to the Speculators

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Image by rogimmi via Flickr For whatever reason Venezuela is devaluing their currency. Although this is a story in itself the interesting part for me is the threat from the Venezuelan government and Hugo Chavez to appropriate the assets of anyone using this devaluation to trouser some easy profits off the backs of the rank and file Venezuelan. As the BBC News reports: Mr Chavez dismissed the criticism on Sunday on his weekly television and radio programme, Alo Presidente, saying there was "no reason for anybody to be raising prices". He urged his supporters to "publicly denounce the speculator" and warned business owners that he had asked the military to formulate an "offensive plan" that would see them "take over any business, of any size, that plays the bourgeois speculation game". "I want the National Guard to hit the streets with the people to fight against speculation and take measures," he said, without specifying. Wo