Apparently Front page of the metro.
What a surprise!
Thursday, March 20, 2008
Thursday, February 7, 2008
Tuesday, February 5, 2008
Mortgage Fraud in the USA
Vi Marginal Revolution
"
BasePoint Analytics LLC, a recognized fraud analytics and consulting firm, analyzed over 3 million loans originated between 1997 and 2006 (the majority being 2005-2006 vintage), including 16,000 examples of non-performing loans that had evidence of fraudulent misrepresentation in the original applications. Their research found that as much as 70% of early payment default loans contained fraud misrepresentations on the application.
"
Tuesday, January 29, 2008
Less Freedom in Britain
"According the Heritage Foundation and Wall Street Journal's annual Index of Economic Freedom, Britain now ranks as a "mostly free" economy, rather than a "free" one. That's because the UK's scores have worsened in four of the ten economic freedoms measured by the index: trade freedom, monetary freedom, fiscal freedom, and freedom from government. By far the worst scores are in fiscal freedom (where we get 61.2 percent) and in freedom from government (where we score just 40.1 percent). Basically, that means our taxes and public spending have gone up, and we are less economically free as a result."
...
More here
Monday, January 28, 2008
The real reason behind the anti-obesity campaign
This morning, going to work, I realise why the government is going to spend our taxes on teaching us how to eat "healthy".
It was obvious, press against some dude's belly in this overcrowd coach. It hit me.
The slimmer the people, the more you fit in a coach ! It's a clever solution to solved London train chronic overcrowding !! Make people slimmer.
I think it's great idea, honnest ... Can the government go on diet too? because I think it's using too much of people money for their - people or government? - own good... It might have the stupid idea to pay police men to put people in prison if your not in the standard size next... "Insulting the space of others" that would be
Friday, January 25, 2008
FRENCH TRADER WAS FORCED TO WORK 30 HOURS A WEEK
FRIENDS of rogue trader Jerome Kerviel last night blamed his $7 billion losses on unbearable levels of stress brought on by a punishing 30 hour week.
Kerviel hid his November losses in a batch of wonderfully fresh croissantKerviel was known to start work as early as nine in the morning and still be at his desk at five or even five-thirty, often with just an hour and a half for lunch.
One colleague said: "He was, how you say, une workaholique. I have a family and a mistress so I would leave the office at around 2pm at the latest, if I wasn't on strike.
"But Jerome was tied to that desk. One day I came back to the office at 3pm because I had forgotten my stupid little hat, and there he was, fast asleep on the photocopier.
"At first I assumed he had been having sex with it, but then I remembered he'd been working for almost six hours."
As the losses mounted, Kerviel tried to conceal his bad trades by covering them with an intense red wine sauce, later switching to delicate pastry horns.
At one point he managed to dispose of dozens of transactions by hiding them inside vol-au-vent cases and staging a fake reception.
Last night a spokesman for Sócíété Générálé denied that Kerviel was overworked, insisting he lost the money after betting that the French were about to stop being rude, lazy, arrogant bastards.
From the Daily Mash
Wednesday, January 23, 2008
A reason not to vote Labour at the next Election
On ID cards :
"Did everyone in Parliament back the plans?
No. The Conservatives and Liberal Democrats are against the scheme and both say they would scrap it if they win power. The House of Lords also rejected the plans five times, before agreeing on the compromise deal allowing the opt-out from 2008. "
Via bbc
