More from Brexit
For a number of key journalists, their only job is to take dictation from the 10 Downing Street spokesman & give it to the Times, Telegraph or Spectator for publishing. This is part of a therapy effort for the small minority of the population who read those publications & .../2.
... would otherwise be confused by being confronted with the reality of the world around them. The articles are interesting for two reasons:
⁃They tell you precisely what 10 Downing Street currently wants those readers, which include other journalists, to hear. /3.
⁃Looking at their detailed content, such as it is, shows just how possible a “deal” quite obviously is & how nonsensical a “no deal” would be. They also (if you’re familiar with a bit of background, which you surely are) highlight just how bad a “deal” of the sort .../4.
... the government envisages - a massive climb down from the UK’s extraordinarily privileged position in the EU’s customs union & single market - would be for the UK. And how a “no deal” would be even worse - substantially so - than such a (really awful) “deal”. /5.
DISCLAIMER I run a trade body and spent the week in my back bedroom on the phone to members, reading the media and on zoom calls. I’m not on the ground and I am not in the operation rooms. So my info is second hand and partial. No one has a complete view. IT IS HIDEOUSLY COMPLEX
The first obvious problem is the number of different actors involved. On the commercial side - within 1 exporter there are multiple depts. There is also the buying company and the logistics company. They all have to sync. 1 load of goods involves multiple commercial actors.
On the government side its even more complex. In UK there are dozens of departments and agencies involved, and the same if not more in every member state of the EU. there are hundreds of thousands of decision makers involved.
They all have the same rule book though - YES true but its 1200 pages long and it's 15 days old - also - here's the thing with red tape, it's open to interpretation. (It's why lawyers tend to drive nice cars) and so being BORDER READY means different things to different actors.
2/ First, on state aid. The UK says the EU wants the Commission and European Investment Bank to be given carve-outs from the subsidy control provisions in the deal. It says this would create an unfair imbalance, because there would be no similar exemption for British authorities.
3/ This is particularly relevant in light of the bloc's €750bn Coronavirus recovery fund. It has already been delayed by an internal political row, and the EU is keen to ensure that isn't exacerbated by legal disputes with the UK next year. Brussels denies this is anything new.
4/ The Commission is an ex ante regulator, meaning it is called in to pre-authorise state aid spending by EU countries. The EU wants the UK to set up its own independent regulator to approve subsidies in the same way. If it does so, many of the state aid problems will fall away.
5/ LPF/Governance. This is about the 'ratchet clause' which the EU has relabelled as 'equivalence' of standards. It addresses what happens if one side raises its standards on say environmental or labour rules in the future and the other doesn't, creating a competitive imbalance.
2. Belfast Steve Aitkin/UUP, Mervyn Gibson/OrangeOrder,Jim Allister/TUV, Jamie Bryson/Unionist Blogger, etc etc, all see the Irish Sea Border & different economic arrangements for NI apart from Britain as a “betrayal”. It comes in a long line of Tory”betrayals”.
3. #Belfast They are correct. The Irish Sea Border & EU single market moves N.Ireland closer to the Republic of Ireland in terms of economic https://t.co/tdKZhjKhWu,it doesn’t change the constitutional status of NI but it is a huge psychological blow to a Unionism.
4. #Belfast The DUP utterly failed to “strengthen the Union”. Their attempt to hold the minority Tory Theresa May govt to ransom backfired spectacularly when Boris Johnson won a significant majority. Their arrogance led them to be isolated & resented in Westminster.
5. #Belfast How does Unionism now react to this?Retreat to the”Bunker”?Repeat the ineffective “Flag”street activism of the past? The Union can now only be saved imo by reaching out to the 5-10% swing vote that will decide a future Border Poll on Irish unification,& it is coming.
There is continued growing unease. The main picture remains one of depressed/tentative trade (c50% down y-o-y) and some high profile logistics business have taken the rational step to stop and regroup.
The big worry here is that ‘not-trading’becomes a habit. We can’t/won’t carry on at half the volumes of before, but as volumes claw back we may only reach something like 80% of previous volumes and that is a disaster for a food industry already battered by a recession.
Lots of focus has been on the idea of EU businesses stopping serving the UK. Worries about how we feed ourselves has trumped worry about our exporters at every stage. Even though it is the collapse of our export businesses that is (and has always been) the greater threat.
To reassure the mainland British shopper that feels like less of a risk. UK is a large market of wealthy consumers, and UK gov has shown it will do anything (however unfair) to ensure stuff gets in - even letting supermarkets have access to the fast track lane to Dover.
NEW. \U0001f6a8\U0001f6a8\U0001f69b\U0001f1ec\U0001f1e7\U0001f644\U0001f69b\U0001f69a\U0001f6a8\U0001f6a8 clear signs govt is preparing for coming #brexit turbulence - consulting on new fast-track scheme for food lorries returning to Europe /1— Peter Foster (@pmdfoster) January 13, 2021
I am not as close to this but it feels like shortage on the shelves is more of a genuine immediate threat for the island of Ireland. The types of innovative solutions we have discussed this week can help but will they come in quick enough?
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I joined wework in 2011 as the ~17th employee when we had 4 buildings. I was 23, naive, and didn’t know what equity or options were—I certainly didn’t know how much it could impact my financial future. When I, and the first hundred or so joined the team, /2
equity options weren’t a part of the deal and I thought nothing of it. As the company grew and we brought in more funding, the executive team decided it was time to allocate equity to its employees. It was mid-2013, about 4 years after the company started. /3
We had ~120 employees and I had been there for ~2 years. I don’t know much about what went on behind the scenes to determine who would get equity and how much, or quite frankly, why they did it at all. /4
In the process, they did a couple of things: First, the way in which they chose to allocate equity, to whom, how much, etc. was… interesting. I’ll get into that more soon. Second, for the people who were given equity options, wework made the choice *not* to backdate. /5
In the 1990s, a maverick breast surgeon at @TataMemorial (fresh from his return from the UK) stepped up to do research. Now, to understand the situation, you should go back 30 years, when research was not as big as it is now, and certainly not from surgeons.
Surgeons, and especially cancer surgeons, were renowned for their technical prowess, and their sheer bravado – "wherever the cancer, however advanced, I will take it out". So, our surgeon-researcher was ridiculed for even attempting clinical research
For a surgeon, he couldn’t have chosen a worse topic to research on: early detection; nothing to do with surgery, or even treatment. Remember, this was the 1990s. Cowboy surgery was celebrated, and research ridiculed
Being a breast surgeon, he was troubled with women consistently coming with advanced cancers, and he set out to see if he could work on picking them up at an earlier stage. But community-based early detection needs money, and he just didn’t have it.
With his younger brother, writer Larry Lieber, and Jack "the King" Kirby:
Tales to Astonish #13 (November, 1960)
With writer Lieber, and artist Kirby:
Fin Fang Foom
Strange Tales #89 (October, 1961)
With the King, Stan gives birth to the Marvel Universe:
The Fantastic Four
Fantastic Four #1 (November, 1961)
With Jack Kirby:
Fantastic Four #1 (November, 1961)
Entry time : 9.30 - 10
Exit : Upto you
Sell weekly ATM CE & PE at almost equal price
For ex : Sell Nifty 17250 CE at 50 and Nifty 17250 PE at 48 so it will become short straddle
Buy monthly ATM or near ATM CE & PE at matching price (5-10 points diff should be fine) as hedge
For ex : Buy Nifty 17250 CE at 150 and Nifty 17300 PE at 155 so it will become long straddle.
Weekly Short straddle + Monthly Long straddle
• If you feel slightly bullish/bearish then no adjustment needed
• If Nifty moves 50 up or down and sustain then just simply roll up or down half of qnty and keep rest of the quantity. If market goes up or down further then roll up or down rest.
• If Nifty moves one side or about to breach BEP then add equal amount of lot. This can balance tested side. For ex: If I bought 17300 CE 4 lot as hedge then add 4 lot so you will have only one side risk . Note: Remember to keep SL at cost price (only for additional lot bought)
2.2 L for 4 lot
Adjustment requires additional capital upto 1L
Note : High risk high reward strategy, please don’t execute until you fully understand. Kindly do paper trading or backtest.
RR : 1:1
POP : 45-55%
The right as spent years trying to paint @NancyPelosi & @HillaryClinton as extreme leftists who will take your guns, sterilize your sons, outlaw Christianity, and tax you at 80%.
The far left has tried to insist that they were both Republican-lite.
Some on the far left call them war mongering neoliberal corporate owned whores.
That's on a good day, for both.
None of these charges, by either side, are remotely true of course. Not that this matters to the people putting this shit out there.
The facts are these.
@HillaryClinton and @NancyPelosi have been fighting people, usually white men, for tnings their entire lives.
With little respite.
At times they have had to make impossible choices and compromises just to beo let in the door. Most women have.
It must be easy to be some 26 yo white dude who has never had anyone tell him no his whole life to sit in judgement of women like them.
"How dare she..."
...do what was necessary to get a place at the table.
...do exactly what men have been doing w/o your disapproval.
Let's face it, most men suck when it comes to issues that don't pertain directly to their own self interests. White men are even worse. We just are.
Most men especially suck when it comes to women's issues and I mean really suck.
How many left leaning men fell to #MeToo?