Author | Lightnews

Jos Gallacher 🟰 @jos.gallacher.be · 27m

I love the old fashioned search engines. This one offered me low priced Neoplatonism.

Search result:

www.amazon.co.uk › Neoplatonism › Books AD
Shop Neoplatonism | Low priced
Neoplatonism

Reposted by Jos Gallacher 🟰

Jos Gallacher 🟰 @jos.gallacher.be · 1d

It’s a bubble.
We know it’s a bubble.
But we keep inflating it.
We are not concerned.
When it pops, government will bail us out.
Like last time.
The same governments now worried about selling their bonds will borrow more to save us.
#EconSky
👇
on.ft.com/4oR5r3l Bubble-talk is breaking out everywhere

Bubble-talk is breaking out everywhere

But more optimistic investors continue to bank on the cavalry arriving if things get really dicey

on.ft.com

1 2

Jos Gallacher 🟰 @jos.gallacher.be · 1d

I think she should go further and introduce a higher band of employers/partners NI on remuneration above £500,000.
Think of it as a sin tax on businesses paying excessive salaries.
on.ft.com/4nhjFt2 Rachel Reeves targets tax partnerships in crackdown on wealthy Britons

Rachel Reeves targets tax partnerships in crackdown on wealthy Britons

UK chancellor fleshes out Budget plan to target professionals with ‘broadest shoulders’ including lawyers, doctors and accountants

on.ft.com

1

Jos Gallacher 🟰 @jos.gallacher.be · 1d

It’s a bubble.
We know it’s a bubble.
But we keep inflating it.
We are not concerned.
When it pops, government will bail us out.
Like last time.
The same governments now worried about selling their bonds will borrow more to save us.
#EconSky
👇
on.ft.com/4oR5r3l Bubble-talk is breaking out everywhere

Bubble-talk is breaking out everywhere

But more optimistic investors continue to bank on the cavalry arriving if things get really dicey

on.ft.com

1 2

Reposted by Jos Gallacher 🟰

Katie Martin @katie0martin.ft.com · 1d

7 8 59

Reposted by Jos Gallacher 🟰

Michael Pettis @michaelpettis.bsky.social · 1d

9/9
The bigger point is that the only sustainable way for a country to increase its consumption is not by reducing the price of its imports but rather by increasing the value of its domestic production.
www.ft.com/content/8911...

Do consumers benefit from cheaper imports?

Domestic production should be prioritised over cheap consumer imports

www.ft.com

2 4 12

Jos Gallacher 🟰 @jos.gallacher.be · 1d

Why do we assume that someone who has been lucky in the past will be lucky in the future?

A physicist with a PhD in quantum gravity, his investments in Musk's start-ups such as xAI,
SpaceX, Neuralink, and Boring Company have proved lucrative for Sequoia.
The runaway success of SpaceX in particular has earned him "a lot of rope" at the firm, the people added. The rocket and satellite company was valued at $400bn in a recent employee share sale and has netted Sequoia a gain of about $4bn on paper, said a person with knowledge of the matter.

Jos Gallacher 🟰 @jos.gallacher.be · 2d

"Stop scrolling and post two characters who bring you happiness."

Jos Gallacher 🟰 @jos.gallacher.be · 2d

They’re not anti immigration, they’re anti immigrant.

1

Reposted by Jos Gallacher 🟰

Stephen Collins @stephencollins.bsky.social · 4d

1
Nurse:
It’s become a real problem in this area

2
Nurse:
We’ve seen the whole community lost to addiction

3
Show a building sign posted:
Westminster ‘X’ Addiction Clinic
With various Westminster people or looking at their phones outside it

Nurse:
Ministers, Spads, Researchers…

4
Nurse:
Most mornings we’ll get a call about someone acting strangely

[Nurse on phone taking a call]
Ok - we’ll be right over

5
Nurse:
We just have a gentle chat

[Nurses approach a minister –Robert Jenrick? - standing in the Palace of Westminster

Minister:
I understand your concerns…

6
Nurse:
Are you OK love?

Minister:
Yes I’m just hearing legitimate concerns from real voters

7
Nurse:
That’s a robot, a Nazi and a poorly-disguised Russian

[Show that the people he is talking to are precisely these characters]

Nurse 2:
Give us your phone, love

8
Nurse:
At the clinic we put them in a Grass-Touching Pod, with a real voter to talk to

[We see them back at the clinic, holding the minister's head and pushing him into a glass isolation booth with a grass floor. And it is a baffled looking woman, on a chair, ready to talk to him.]

9
Minister:
YOU MUST BE WORRIED ABOUT THE COMING CIVIL WAR

[woman looks baffled]

10
woman:
I just want a bus service

Minister:
LOOK AT MY FLAG
[produces a St George's flag]

[ends]

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Jos Gallacher 🟰 @jos.gallacher.be · 3d

I moved from Belgium to Scotland a few years ago. My collection of mid-season clothes is now redundant.

Reposted by Jos Gallacher 🟰

fae⁷ @onthistangent.bsky.social · 4d

I would laugh if this wasn't so true 😭

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Jos Gallacher 🟰 @jos.gallacher.be · 3d

*country’s

Reposted by Jos Gallacher 🟰

Jos Gallacher 🟰 @jos.gallacher.be · 4d

This is part of what is sometimes called “the finance curse”. It’s an analogy with the resource curse where the discovery of natural resources, oil or gas for example, slows a countries economic development.

on.ft.com/4hAQQql How our brightest minds get trapped in the City

How our brightest minds get trapped in the City

Money is just one reason why graduates are drawn to finance, management consulting and corporate law

on.ft.com

1 1 1

Jos Gallacher 🟰 @jos.gallacher.be · 4d

The result was a massive increase in the exchange rate which devastated traditional industries.
An overvalued currency is another aspect of the resource curse and, it is said, of the finance curse.

Jos Gallacher 🟰 @jos.gallacher.be · 4d

There was a really good play premiered at the Edinburgh Festival about how a Scottish bank became the world’s largest only to fail in 2008 in the global financial crisis, Make It Happen by James Graham.
Thatcher’s mistake was to abolish exchange controls just as North Sea revenue began to arrive.

1

Jos Gallacher 🟰 @jos.gallacher.be · 4d

This is part of what is sometimes called “the finance curse”. It’s an analogy with the resource curse where the discovery of natural resources, oil or gas for example, slows a countries economic development.

on.ft.com/4hAQQql How our brightest minds get trapped in the City

How our brightest minds get trapped in the City

Money is just one reason why graduates are drawn to finance, management consulting and corporate law

on.ft.com

1 1 1

Jos Gallacher 🟰 @jos.gallacher.be · 4d

Please.

on.ft.com/4nRHKHO Betfred threatens to close all 1,300 UK high street shops if taxes rise

Betfred threatens to close all 1,300 UK high street shops if taxes rise

Raising gambling tax could put 7,500 jobs at risk, warns chair

on.ft.com

Reposted by Jos Gallacher 🟰

Marie Le Conte @youngvulgarian.marieleconte.com · 4d

I genuinely find this very worrying, as someone with settled status! sure, Lam probably won't be home secretary tomorrow, but the mood music is changing, you can feel it, and I just don't trust Labour to fight like hell on our behalf, so unclear where this is going to go

Sunder Katwala (sundersays) @sundersays.bsky.social · 4d

Lam hears "settled status" and "guaranteed by withdrawal treaty" as up for grabs:understood to be temporary "provisional arrangements" which can be transitional and unsettled if and when you want to

That is highly counterintuitive as language of 'settled', as law & as politics of Treaty guarantees.

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Jos Gallacher 🟰 @jos.gallacher.be · 4d

Where’s St Helena when it’s needed?

Reposted by Jos Gallacher 🟰

Jonn Elledge @jonnelledge.bsky.social · 4d

do they imagine this to be a bad thing

Paul Lewis @paullewismoney.bsky.social · 4d

Betting firm threatens to end its entire High St presence if it has to pay any more tax bit.ly/4qhaL1j yet another in the too rich and too important to pay tax series

If gambling tax rises, we’ll shut all our 1,300 shops, warns Betfred

Increased levies expected to be imposed in next month’s budget could cost the company 7,000 jobs, according to Joanne Whittaker, the chief executive

bit.ly

27 67 460

Jos Gallacher 🟰 @jos.gallacher.be · 4d

No
tl;dr

New podcast series: Mission to
Mars
Will humans land, and live, on the red planet?

Reposted by Jos Gallacher 🟰

Prem Sikka @premnsikka.bsky.social · 4d

Reeves mulls ISA changes.

Cut Cash ISA from £20k to £10k. Savers to pay more tax.

Force savers to hold shares for tax relief. Mulls removing 0.5% stamp duty on shares.

Will boost bank fees. Trading results in A buying from B. Money doesn't go to companies.

And when shares crash?
archive.ph/gYxdD

Cash ISA reforms are being considered for Budget, No 10 confirms

Rachel Reeves has indicated tax rises are likely to fall on assets rather than wages

inews.co.uk

24 57 120

Jos Gallacher 🟰 @jos.gallacher.be · 4d

“Lots of people in Congress do criminal stuff.”

FT:

In an August 4 dated letter to Edward Martin, the US pardon attorney, Taylor Greene said the seven-year sentence "for such campaign-related matters for an individual with no prior criminal record extends far beyond what is warranted".
"While his crimes warrant punishment, many of my colleagues who I serve with have committed far worse offences than Mr Santos yet have faced zero criminal charges," she said in the letter.

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Jos Gallacher 🟰 @jos.gallacher.be · 5d

I hopes the cava is chilled.

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