Tag: politics

Uncategorized1 Comment

“An empire within an empire”, Grandest society of merchants

rrn69

In 1800s British East India Company conquers India, and by the beginning of the 19th century, as one of its directors admitted “an empire within an empire”, with the power to make war or peace anywhere in the east having ruled India for 200 years. The East India Company created a sophisticated administration and civil service in India, and built much of London’s Docklands. Its annual spending in Britain £8.5m exceeded about a quarter of total British government annual expenditure. They successfully transferred India’s then prospering GDP to Britain. It is no wonder the Company now referred to itself as “the … Continue reading “An empire within an empire”, Grandest society of merchants

UncategorizedLeave a comment

Variation in prosperity and poverty

rrn69

The success and prosperity of a nation boils down to their institutions, legal fairness and political transparency. Most countries lack the sense of equality by having exclusionary policies designed to enrich the elites and exploit the poor majority, preventing technological innovation, but social tensions, the legacy form civil conflict, geography, corruption and policy failure, contribute to government weakness. Extractive economic institutions do not create incentives needed for people to save, Invest and innovate.  Higher productivity promotes faster economic growth, and faster growth allows a nation to escape poverty. Nobel prize-winning economist, Daron Acemoglu and James A. Robinson makes meticulous enquiry … Continue reading Variation in prosperity and poverty

Uncategorized1 Comment

Post Office spent over £132m of taxpayer money defending itself

rrn69

The Post Office has spent over £132m of taxpayer money ( £82m in the 12 mon ths to 31st March 2024, £38m the previous 12 months, and £12m in the year prior to that, defending itself at the inquiry into the wrongful conviction of 900 sub-postmasters who were prosecuted wrongly for shortfalls in their accounts caused by bugs in Fujitsu’s Horizon IT system in what has been described as one of the most widespread miscarriages in British legal history. Most sub-postmasters wrongly convicted lost their livelihoods or were forced to make up shortfalls from their own money, while some former sub-postmasters … Continue reading Post Office spent over £132m of taxpayer money defending itself

Uncategorized1 Comment

Murder suspect charged

rrn69

Luigi Mangione the suspect arrested in connection with the killing of United Healthcare CEO Brian Thompson in Manhattan last week as he walked to a shareholder’s meeting, appeared to be a potentially untraceable 3D gun- a firearm without serial numbers, that can be assembled at home, copied from Hollywood movie The Day of the Jackal. He was arrested on Monday at a McDonald’s in Altoona, Pennsylvania, and was allegedly in possession of a gun, bullets, multiple fake IDs and cash. Law enforcement sources say ”Deny, Defend, Depose, the three D’s of insurance” tactics used by companies to reject payment claims … Continue reading Murder suspect charged

Uncategorized1 Comment

Homebase collapses into administration

rrn69

Homebase owner Hilco who had been looking to sell the struggling retailer, was not successful in finding an outright buyer. Homebase in the meanwhile has collapsed into administration putting 2, 000 jobs at risk. Plymouth-based tycoon Chris Dawson’s The Range, owner of Homeware chain is buying 70 stores and the brand, safeguarding 1, 600 jobs. The remaining 49 stores and the head office, are in the hands of Teneo the administrator. Homebase CEO Damian McGloughlin said the past three years had been incredibly challenging for DIY stores. Restructuring specialist Hilco, which rescued music chain HMV in 2013 Homebase recently completed … Continue reading Homebase collapses into administration

Uncategorized1 Comment

Top ten richest people gained $64billion after Trump victory

rrn69

The Rich became richer as top ten richest people gained $64billion after Donald Trump victory. Elon Musk, the world’s richest person whose wealth leaped from $26.5 billion to $290 billion last Wednesday after Donald Trump’s victory. Jeff Bezos wealth also grew from $7.1billion a week after defending his decision to withhold the Washington Post’s endorsement of Vice President Kamala Harris. Oracle co-founder Larry Ellison, another Trump supporter, saw his net worth rose $5.5billion. Former Microsoft executives Bill Gates and Steve Ballmer, former Google executives Larry Page and Sergey Brin and Berkshire Hathaway CEO Warren Buffett all Trump supporters also gained. … Continue reading Top ten richest people gained $64billion after Trump victory

Uncategorized1 Comment

Trump triumphs after spectacular fall

rrn69

Republican Donald Trump elected US President to return to pinnacle of global power with is America First agenda, after defeating Democrat  Kamala Harris in historic comeback. Trump takes key swing states in decisive win and his Republican Party gains control of the Senate as millions of Americans voted to give him a second chance. Trump secured 279  (71, 315, 400 votes) to Kamala Harris 223 (66,231, 247 votes). Four years after leaving White House, Donald Trump is set to move back in, The election campaign which saw him survive two assassination attempts and his original opponent President Joe Biden dropped … Continue reading Trump triumphs after spectacular fall

Uncategorized1 Comment

Where care is in the age of sexual equality

rrn69

Over the past 60 years family life has changed dramatically with greater choice and autonomy, especially for women and a more equal domestic sphere have brought great gains for human freedom. David Goodhart, argues there have been losses and unintended consequences too – in family instability, children’s declining mental health, and ever-rising demands on the welfare state and social care system. Sharp falling birth rates also present major challenges. Especially in the bottom half of the income spectrum, the costs are now too high. The Care Dilemma argues that we need a new policy settlement that supports gender equality while … Continue reading Where care is in the age of sexual equality

Uncategorized1 Comment

Chinese transformation

rrn69

Want to know how an impoverished and terrorised China experienced radical political changes in the long 1970s  and how ordinary people broke free from the beliefs that had shaped their lives during Mao’s Cultural Revolution. When Mao Zedong died in spring 1977, the new culture commissar busied himself publishing the fifth volume of the late Chairman’s selected writings. The paper that had been waiting in storage for this moment had gone mouldy, there was not enough electricity to run the printing presses, the typographers work at a snail’s pace, terrified that any misprints would result in death. The episode ois … Continue reading Chinese transformation

Uncategorized1 Comment

Gang who smuggled £200m of cocaine in banana boxes convicted

rrn69

Bulgarian national, Petko Zhutev, Ghergii Diko and Bruno Kuci were convicted after pleading guilty to smuggling in cocaine with a street value of about £200, into the UK inside a shipment of bananas from South America. Erik Muci and Olsi Ebeja were found gujlty of their involvement following a trials at the Old Bailey. On Friday Judge Rebecca Trowler KC adjourned sentencing to November 11. Police cracked the case believed to be one of the biggest drug seizures ever seen in the UK- and how undercover officers posed as lorry drivers to foil the gang in February 2021. The cocaine … Continue reading Gang who smuggled £200m of cocaine in banana boxes convicted