Well I think NINJA is in reference to mortgages in the states, I never heard it except when it was in "The Big Short".
Well I think NINJA is in reference to mortgages in the states, I never heard it except when it was in "The Big Short".
Yeah first coined in the states. but remember these sub prime loans were affecting every bank by then
So, here's some October 2023 headlines from the cost of living crisis. Now, I'm not linking this to Brexit to be clear, though it is bound to have had an impact. I just want to put it into perspective how broken the socioeconomic models of our society are.
For example, I have a neighbour who is a single mum of 2 thanks to 2 deadbeat fathers and yes, some not great life choices. She is over £2000 in debt with her energy supplier because she simply can't keep her business going at the rate it needs to.
Meanwhile there's this (and I remind you these are all from October 2023)
While I see where you're coming from, Oil especially is abit of a different question. They've made bumper profit due to the actions of Putin. It'd be odd if they weren't making big money.
The real problem as I see it, is actually getting (a fair share of) tax out of these enormous companies. Things would be better for Joe Public if that actually happened.
This is the world over I think. Big companies making a mint off the backs of struggling people and cashing in on the advantages of world events. Sure look at the billions made from Covid! it's the same here in Ireland, energy costs through the roof, to the point that the government are paying out allowances to help people afford the high costs. And then last month some of the big power companies released their last quarter profits-huge, huge profits...WTF?!? 2+2=5
All while small businesses are fuked and alot have closed as energy costs are too high. And alot of people struggle.
Insurance companies "Our costs have gone up, so the premiums are going up by 30%" But yet bumper profits each year... Grr!
Last edited by markcro; 05-11-2023 at 21:41.
Oil companies are more powerful than governments, thats the problem with that particular industry.
They can do whatever they want and we are so dependent on their product no-one can do anything about it. Particularly depressing when you also consider their product also destroys the environment.
Originally Posted by scimmy ben
I get the feeling that this would only work if we could pursuade Ernest Borgnine to drive the Isle of Wight to Portsmouth hovercraft.
Was it Admiral insurance that recently announced they'd lost over 10% of their customer base due to high policy prices, but also posted record profits??
Absolute parasites.
So, where do we start the shit show today?
How about, severe risk of critical medicine shortages this winter because of Brexit induced delays?
https://www.independent.co.uk/news/u...-b2442211.html
How about the (very welcome) news that the UK government has abandoned the lions share of it's plan to go it's own way and 'make it's own laws' on equality, instead choosing to reinstate EU laws?
https://news.sky.com/story/eu-equali...rkers-13002094
Or how about the fact that CBAM is still completely unresolved and, if we don't get a handle on it, we can basically kiss goodbye to the already flagging steel industry.
https://www.politico.eu/article/brex...-energy-steel/
Welcome to the jungle.
The steel industry has been dying a death for ages now. The big production facilities in the North East and Wales have changed hands a bunch of times, and always lost a ton of money. The equipment is out of date and inefficient, upgrades are always promised and never delivered.
Some of the specialist stuff in Sheffield turns a good profit, they got split off from the loss making sites a few years ago.
Oh yeah cool, so we should just let it die then. Especially now we have literally made it's survival chances worse.
One question? During major changes, it is customary for retailers to raise prices. They did during decimalisation, how much did they due to Brexit?
Interesting how the CMA are going after petrol retailers because whilst wholesale prices have gone down, retail prices have gone up
Haha, Brexit is the gift that keeps on giving (nothing to you, plenty to the man in charge)
https://www.theguardian.com/environm...ations-further
Didn't Jim Radcliffe support Brexit?
Yep.
Didn't Jim Radcliffe support Brexit?
Not content with polluting the rivers further....
Another excellent dismantlement of Tufton Street and the IEA's nonsense claims here here by Jonty Bloom.
https://www.theneweuropean.co.uk/the...ship-of-fools/
Context: The IEA recently published a report in which they made the bold claim that UK trade with the EU had not actually been negatively affected since Brexit, but had actually grown.
What they completely (and very deliberately) left out is that trade went up in cash terms because prices of just about everything have risen.
Once you account for price rises, currency fluctuations and interest rates you get the very obvious and widely endorsed position that UK/EU trade volume has reduced.
Link to IEA report for comic reading here - https://iea.org.uk/media/brexit-leav...ew-iea-report/
Distressingly, Kemi Badenoch endorsed the IEA report and even contributed to it, which is a transparent showing of a) just how wrong the Brexit government is about pretty much anything economical and b) just how open the IEA and their influence are when it comes to buying ministers.
Interesting how the figures are also massaged between 2019 and 2022.. How much did it fall before growing due to Covid-19?
This interesting - regarding the UK's failed Rwanda policy
This is from the EU's own figures:
"Every year, around 500,000 foreign nationals are ordered to leave the bloc because they have entered or they are staying irregularly, according to the European Commission. However, only around 30% of them return back to their home country or to the country from which they travelled to the EU.
Last year, Frontex carried out returns for just under 25,000 people, a new record. About 40% left the EU voluntarily."
And this is the UK:
"In the year ending March 2023, there were 4,193 enforced returns, an increase of 29% on the year ending March 2022 (3,257). The majority (72%) of enforced returns in the year ending March 2023 were Foreign National Offenders (FNOs) and around half (46%) of enforced returns were EU nationals."
Time and time again - Brexit toting tories bang on about the ECHR (European Convention on Human Rights) & the European Court of Human Rights - but these are distinct from the EU. But these matters are superfluous. The Supreme Court Ruling that Rwanda is illegal is more to do with the UK's Human Rights Act
Last edited by Asht_200; 15-11-2023 at 14:39.
The Tories want rid of the ECHR because, and I don't think this is a leap, they want to remove as many worker and social protections as possible so they can extract the maximum value for the elite.
Freedom to protest, freedom of speech, right to a fair trial, all these things are counter-intuitive to the pseudo-fascist position the Conservatives continue to move further towards each week. I'm sure there are laws for worker protections that depend on ECHR treaties but don't quote me.
We have seen the greatest attack on UK human rights in living history under this government and they are making the turkeys vote for Christmas.
Last edited by piman2k; 15-11-2023 at 12:29.
But the unravelling of the Rwanda policy. They can't blame the ECHR. The judges were using the UNHCR as a template for their decision
I totally agree with you. The Brexit we got, probably wasn't the Brexit people voted for. With the likes of the Right Honourable Victorian Rees Mogg pushing for a hard Brexit. People in Somerset must have had too much cider when they voted that pillock in
Last edited by Asht_200; 15-11-2023 at 14:42.
Good Friday Agreement, Brexit Withdrawal Agreement, UK/EU Trade agreement and European/international courts of justice all need us to recognise ECHR to work.
Abandoning all that so we can send a few hundred people to Rwanda seems a bit batshit, but these guys have already proven they are batshit.
I get the feeling that this would only work if we could pursuade Ernest Borgnine to drive the Isle of Wight to Portsmouth hovercraft.
This is entirely accurate and it's just like the 'no border in the Irish sea' line that the Brexiteers used.
It is OK to say it. But it is entirely incompatible with the realities of the world.
We cannot just leave the ECHR and maintain the institutions and treaties (probably not the right word) that we've deployed.
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