Author Archives: Giolla

Market forces at work

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It would seem that given the right information markets will take action to correct themselves as Goldman Sachs may be learning. Yesterday a employee of Goldman Sachs left quite publicly listing a whole bunch of problems they had with the current culture and how the firm treated it’s clients and put the needs of the clients secondary to the firms own profits. Today the markets react to the new information deciding the firm is probably worth $2.15 billion less now that they know the firm isn’t looking after it’s customers. Of course it’s quite likely the value will bounce back, … Continue reading →

Logic fail

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Now some people who know me might possibly, just once or twice, accused me of being a bit of a pedant. With that in mind I can’t help but be amused by the blurb for the upcoming: Budget Day Protest: Not one more cut* This is a protest, apparently on budget day, organised by the “Coalition of Resistance” aided and abetted by Campaign for Nuclear Disarmament, the Public and Commercial Services (PCS) union and Stop the War Coalition. Now the important thing I must make sure you’ve noticed is the title of this demo “Not one more cut”, this is … Continue reading →

All about the fuel

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I imagine this is old news and I am in fact way behind the curve as usual, but it’s amazing what you can discover when browsing Homebrew sites*. On the day that wind power being a bit crap starts making waves** I discovered that since 2007 it’s been legal to run your own still to produce up to 2,500 litres of spirits for use in BioFuels. Now as someone that’s quite keen on having a moderate amount of independence and avoiding paying tax on anything I don’t have to pay tax on this seemed a bit too good to be … Continue reading →