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Author Topic: how the other half crunches  (Read 5589 times)
HtoHe
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« Reply #360 on: 22:11:26, 12-10-2008 »

Storage is the biggest problem with stockpiling food.  How many people have enough spare space to start stocking up to any useful degree?  Oh and don't forget to have a couple of manual can openers in case the electricity goes off.  You'd be really peed off wouldn't you if you had loads of tinned food and nothing to open it with.

Ah but, for the reasons mentioned above, I don't have any electric can openers; and I've almost certainly got half a dozen manual ones as I almost always ended up buying a new one whenever I moved house rather than wait for the ones I had to emerge from the packing cases!  Your point is a good one, of course.   Even if we did stockpile food we'd be at the mercy of water and power supplies for a lot of the staples.  I don't think space would be that big an issue for most people.  My tiny loft could easily hold enough to feed two for a year - and that's without removing any of the junk that's already in there.  It's not an ideal use of the space; but if we're considering alternatives to a genuine threat of hunger ideal use of space is hardly a priority.  If we haven't found way to get food supplies moving within a year I'm not sure I'd want to survive.




To revive the old joke that used to be told about Enoch Powell, I wouldn't put it past her to insist on being buried at sea.  Actually, I shall monitor her funeral to see if Mr McManus turns up to tramp the dirt down.
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Milly Jones
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« Reply #361 on: 19:24:19, 13-10-2008 »

An Allegory


'Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort.
He further announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms.
The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers. 'Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.'
The villagers rounded up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant again, only lots and lots of monkeys!"

Now you have a better understanding of how the stock market works.
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We pass this way but once.  This is not a rehearsal!
Turfan Fragment
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Formerly known as Chafing Dish


« Reply #362 on: 19:55:23, 13-10-2008 »

That post just appeared magically on my office door!

 Grin
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martle
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« Reply #363 on: 21:56:43, 13-10-2008 »

...soon to appear on mine.  Sad
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Green. Always green.
Andy D
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Posts: 3061



« Reply #364 on: 17:40:45, 14-10-2008 »

Northern Rock has ruled out taking legal action against its former directors and auditors over the decisions that led to its near collapse last year.

An investigation into the crisis that engulfed the now-nationalised bank has concluded that Adam Applegarth, the former chief executive, could not be held legally liable for the crisis that engulfed it. Applegarth quit Nothern Rock last December with a £760,000 payoff.

see http://www.guardian.co.uk/business/2008/oct/14/northernrock-banking

It really is beyond a joke how these people pay themselves massive amounts for failing, to the point where legal action gets considered.

Still, at least:

Applegarth's payoff contrasts with the decision of the bosses of Royal Bank of Scotland and HBOS. Sir Fred Goodwin and Andy Hornby waived their rights to compensation when they resigned yesterday, after agreeing to a partial nationalisation by the UK government.
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Morticia
Admin/Moderator Group
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Posts: 5788



« Reply #365 on: 17:54:13, 14-10-2008 »

Either way, doubt that any of them will be fretting too much over their fuel or food bills, paying the rent or buying the kids new shoes later this year Angry Now what's the word I'm looking for? Ah yes, bankers ...
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time_is_now
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« Reply #366 on: 00:41:52, 15-10-2008 »

Quote
Applegarth's payoff contrasts with the decision of the bosses of Royal Bank of Scotland and HBOS. Sir Fred Goodwin and Andy Hornby waived their rights to compensation when they resigned yesterday, after agreeing to a partial nationalisation by the UK government.
They still have their pensions though, I think - certainly Goodwin does. £760,000, was it, according to one of today's newspapers?
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The city is a process which always veers away from the form envisaged and desired, ... whose revenge upon its architects and planners undoes every dream of mastery. It is [also] one of the sites where Dasein is assigned the impossible task of putting right what can never be put right. - Rob Lapsley
Andy D
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« Reply #367 on: 12:01:59, 18-10-2008 »

"credit crunch" is so last week apparently, see http://www.guardian.co.uk/business/2008/oct/18/creditcrunch-marketturmoil

"platypus bottom" anyone?

American bankers don't seem at all averse to awarding themselves massive bonuses for failing, see http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking
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Milly Jones
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« Reply #368 on: 18:36:19, 22-10-2008 »

Doctors' Opinions of the bail out package:


The Allergists voted to scratch it, and the Dermatologists advised not to make any rash moves.


The Gastroenterologists had sort of a gut feeling about it, but the Neurologists thought the Administration had a lot of nerve, and the Obstetricians felt they were all laboring under a misconception.


The Ophthalmologists considered the idea shortsighted; the Pathologists yelled, 'Over my dead body!' while the Pediatricians said, 'Oh, Grow up!'


The Psychiatrists thought the whole idea was madness, the Radiologists could see right through it, and the Surgeons decided to wash their hands of the whole thing.


The Internists thought it was a bitter pill to swallow, and the Plastic Surgeons said, 'This puts a whole new face on the matter.'


The Podiatrists thought it was a step forward, but the Urologists felt the scheme wouldn't hold water.


The Anesthesiologists thought the whole idea was a gas, and the Cardiologists didn't have the heart to say no.


In the end, the Proctologists left the decision up to some a……e in Washington
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Andy D
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« Reply #369 on: 01:19:17, 23-10-2008 »

There was a very disturbing program on BBC4 which considers the current economic turmoil - I've just finished watching it on the iPlayer:

High Anxieties: The Mathematics of Chaos

Documentary which looks at how developments in mathematics over the past 40 years have completely changed our understanding of the fundamental nature of the world we live in.

As we approach tipping points in both the economy and the climate, the film examines the mathematics we have been reluctant to face up to and asks if, even now, we would rather bury our heads in the sand rather than face harsh truths.

Broadcast on:
    BBC Four, 8:00pm Tuesday 14th October
Duration:
    60 minutes
Available until:
    10:29pm Sunday 26th October


Definitely worth watching but don't expect to be cheered up by it.
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Milly Jones
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« Reply #370 on: 18:24:26, 23-10-2008 »

Investment tips for 2008
 
With all the turmoil in the market today and the collapse of Lehman Bros and acquisition of Merrill Lynch by Bank of America this might be some good advice.  For all of you with any money left, be aware of the next expected mergers so that you can get in on the ground floor and make some BIG bucks.
 
Watch for these consolidations in later this year:
 
1) Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W R.  Grace Co.  Will merge and become: Hale, Mary, Fuller, Grace.
 
2.) Polygram Records, Warner Bros., and Zesta Crackers join forces and become: Poly, Warner Cracker.
 
3.) 3M will merge with Goodyear and become: MMMGood.
 
4.  Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will merge and become: ZipAudiDoDa .
 
5.  FedEx is expected to join its competitor, UPS, and become: FedUP.
 
6.  Fairchild Electronics and Honeywell Computers will become: Fairwell Honeychild.
 
7.  Grey Poupon and Docker Pants are expected to become: PouponPants.
 
8.  Knotts Berry Farm and the National Organization of Women will become: Knott NOW!
 
And finally...
 
9.  Victoria 's Secret and Smith &Wesson will merge under the new name: TittyTittyBangBang
 
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Milly Jones
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« Reply #371 on: 11:43:10, 24-10-2008 »

Official: UK Heading For A Recession
42 mins ago

 Sky News Print Story
The prospect of a recession in the UK grew today after official figures revealed the economy shrunk by 0.5% between July and September.

A pedant writes :  shouldn't that have been "shrank"?

Also, the heading begins "Official: UK Heading for a Recession".  That would seem definite then.

However, the write-up says "the prospect of a recession grew.....

So what is happening then?  Is it definite or not?
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Antheil
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« Reply #372 on: 11:56:21, 24-10-2008 »

Milly, according to the BBC it all depends what happens in the fourth quarter

http://news.bbc.co.uk/1/hi/business/7686552.stm
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Milly Jones
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« Reply #373 on: 12:05:53, 24-10-2008 »

Thanks Anty.  Interesting.  Alastair Darling says he wants to put more money in our pockets.  Presumably to spend.  However he then says "We have also got to make sure in the medium term we live within our means." That will mean cutting down on spending obviously and that will hit the retailers and down we go.
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thompson1780
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« Reply #374 on: 12:09:05, 24-10-2008 »

Officially, a Recession is two consequtive quarters of negative growth.

So the stages of getting into recession are:
Stage 1:  move from nil or positive growth to negative growth
Stage 2:  have another quarter of negative growth

We've just had Stage 1.  That means we're heading towards Recession.

But, it's all definitions and bunkum really.  What really matters is if we're feeling the pinch more.

Tommo

PS Oh, anty beat me to it
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Made by Thompson & son, at the Violin & c. the West end of St. Paul's Churchyard, LONDON
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