BC FINANCE
Saved by @jay_millerjay

Jess Phillips is funded by a Luxury Property Developer behind a number of controversial schemes. The register of financial interests lists a donation totaling £6,000 from Court Consultants. Plus a £8,000 a year sideline from the Tories. #LabourLeaks

Jess Phillips MP’s office is funded by a property developer criticised for not including enough affordable housing in his tower blocks. #LabourLeaks
Court Consultants is controlled by Birmingham property developer Anthony McCourt. He is a longstanding financial backer of Jess Phillips. In 2017, Anthony McCourt also gave £3,000 to Phillips to help with the running of her local Labour party.
Councils try to oblige property developers to build some affordable housing in their new buildings in return for planning permission. But recent developments involving Antony McCourt failed to meet even these limited attempts by councils to increase the amount lower-cost housing.
McCourt runs his developments through his other company, Court Collaboration. Recent Court Collaboration schemes have also been criticised for not containing enough affordable housing. #LabourLeaks
Court Collaborations are also proposing Birmingham’s “One Eastside” development, which the developer says will be “Birmingham’s tallest skyscraper”. The development is being sold to investors on the basis of high and raising rents.
They are told that “strong rental yields are expected“. Court Collaborations also say that “average asking rents in Birmingham have increased by 16 per cent since 2014” – boasting about this to potential landlords, even though it’s a bad thing for renters. #LabourLeaks
Property developers like Anthony McCourt backing Labour MPs is not unheard of, but it is unusual. Far more big developers back the Tories. The Stone Yard scheme is a collaboration with one such Tory backer: Tony Gallagher.
They added that the plans for a 30 story tower block “trample over the interest of the local community and will quite literally overshadow the residents and businesses that make this historic neighbourhood what it is today”.
VICE asked Jess Phillips's campaign if her donations from McCourt and his company came from somebody who shared Labour's values on housing, and whether they gave him any influence over her position. #LabourLeaks
A spokesperson said: “Jess’ campaign is based on speaking TRUTH and being Honest about what needs to happen in our party and our country. She will continue to do this without fear or favour.”

Anthony McCourt did not respond to VICE's request for comment.
Labour MP Jess Phillips has an £8,000-a-year sideline working for top Tory donor and former Conservative deputy chairman Lord Ashcroft. I asked her if a Labour MP working for such a prominent Tory activist’s firm was a good idea but got no response. https://t.co/HqQ2OJAOnd
Phillips has been deputy editor of The House magazine, a glossy weekly aimed at MPs which has been owned by Ashcroft. The House generally publishes entirely friendly profiles of Tory ministers or Labour MPs, it has carried unusually negative pieces about Corbyn-supporting MPs
The House and the Politics Home website and runs a very extensive set of meetings at party conferences which bring together MPs and corporate sponsors. Since Cameron exited, Ashcroft also became a big Tory donor again, dining with Theresa May at Chequers. #LabourLeaks #CONLAB
She is deputy editor of The House, while the editor is Tory MP Sir Graham Brady — he gets £26,000 for the job.

Brady is a powerful Conservative MP because he is chair of the 1922 Committee which represents the interests of all Tory backbenchers.
Lord Ashcroft used an offshore trust to shelter wealth. The Brexiter caught up in 2010 row over ‘non-dom’ status has a trust in Bermuda The value of the trust fluctuated, but a leaked financial statement having assets of $450.4m (£341m) in 2006. https://t.co/DmcjtGfKWf
The Punta Gorda Trust was set up in April 2000 when he was a “non-dom”, with his three children named as beneficiaries. Ashcroft was named as the settlor and a beneficiary, the only one entitled to income for life.
Jess Phillips costs over 12 months can be reasonably estimated at £362,875. Of that, £105,468 is earnings (MP salary plus other work). A further £207,157 is from expenses. Lastly, £80,250 was received from donations + £30,000 campaign money #LabourLeaks https://t.co/ejhJ7ydkHx

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@PhillipsBarrie
Alex Barros-Curtis run both Smith’s campaign in 2016 and Starmer's in 2020. He is Keir's new ultimate enforcer but who hacked, data scrapped and purged? Is Keir's position as LOTO truly legitimate?. Did he cheat?. Thread. #StarmerOut #LabourLeaks

Novara Media revealed that a leading figure in Kier Starmer's campaign had extensive links to Owen Smith's leadership bid in 2016. When asked if others from the Smith campaign were also involved in Starmer’s leadership Keir's office did not respond #LabourLeaks #Pfizer #Pharma


Keir had a campaign website, the controller for this DATA, according to the site itself, is a company called Movement for Another Future Limited. Alexandre Samuel Barros-Curtis is the sole director of Movement for Another Future Limited. Alex controls the DATA. #LabourLeaks

According to his LinkedIn profile, Barros-Curtis’s day job is as a consultant solicitor “Providing specialised legal advice in the area of derivatives and structured finance” in particular “Hedging, project financings, securitisations, credit derivatives” #LabourLeaks #HedgeFund

He has worked extensively on derivatives and structured finance matters in Europe and Hong Kong; as well as formerly working for the Clinton Foundation. Asked to comment on Mr Barros-Curtis and his role in the party Labour said they do not discuss staffing issues. #LabourLeaks
POLITICS
Operation Cupcake
Operation Cupcake
@PhillipsBarrie
Keir's position as leader of the Labour party may not be legitimate. Hacking into the membership database, during a leadership campaign to gain an unfair advantage, is cheating. Two of Sir Keir Starmer's leadership campaign team have already been formally reported. #StarmerOut


''The allegations are serious, and the confrontation has engulfed the campaign in bitter recrimination.'' John Pienaar Deputy political editor. February 2020 #StarmerOut #LabourLeaks

The campaign said it acted innocently but Ms Chapman said she believed "something wrong" had taken place. #StarmerOut #LabourLeaks

''One of them is his compliance official.'' says John Pienaar, Alexandre Samuel Barros-Curtis had previously worked as Sir Keir’s head of compliance during his campaign. COINCIDENTALY The same man was present in court when #LabourLeaks was suppressed.

Starmer's team members were accused of what's called "DATA - scraping" - seeking to obtain certain information from a wider set of data. Mr Barros-Curtis was also the DATA controller for Keir's campaign website. Who hired Asaaf Kaplan and When?, What date?. #LabourLeaks
ALL
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Operation Cupcake
Operation Cupcake
@PhillipsBarrie
Keir Starmer who worked with Theresa May as DPP said '“Whether you agree with her or you don’t, this was a woman broken who had tried to genuinely deliver on what she thought she had to do … I can’t pretend I didn’t feel something.”: #StarmerOut https://t.co/0NzX7Ouv2a


Sir Keir Starmer was elected as an MP for Holborn and St Pancras in 2015. Before that he worked with May as director of public prosecutions when she was home secretary. #StarmerOut #LabourLeaks #Collusion #CONLAB

May was someone who was always straight with him, who always phoned him to ask whether she could use something he had said. “A lot of politicians didn’t do that. She never double dealt. She said what she would do and she did what she said.” #StarmerOut #LabourLeaks

At the end of his term as DPP in 2013, she invited Sir Starmer to dinner at an Italian restaurant in Westminster to say thank you.
“It was a difficult 90 minutes. Both of us were pleased to see the hour and a half was up.” #StarmerOut #LabourLeaks

''Keir Starmer credentials as a former director of public prosecutions (2008 to 2013) placed Starmer a cut above the rest of Labour's frontbench in the eyes of many Conservatives.''. He became acquainted with several senior Tories.
GOVERNMENT
Operation Cupcake
Operation Cupcake
@PhillipsBarrie
WOW, Mike Gapes and Joan Ryan are non-Labour JLM conference attendees discussing disciplinary processes with Keir Starmer and Angela Rayner but not a privilege afforded to the people who pay the wages of the party machine. #LabourLeaks #StarmerOut #LFI https://t.co/XZDKR5FmXC


So what should Peter Mandelson talk about at the recent Jewish Labour Movement conference – his worries that an independent process will hamper the party leader Keir Starmer?. #LabourLeaks #StarmerOut #LFI


Mandelson “was there in the 1980s and understands where the power bases of the right are, and how it should be exercised”. Who needs independent processes or oversight when you are in the driving seat?. #LabourLeaks #StarmerOut #LFI

Poale Zion trades as Jewish Labour Movement is a part of the Zionist Federation of the UK and organise within the World Zionist Organisation. You do NOT have to be Jewish or a member of the Labour Party to join. JLM contains CIA asset Ruth Smeeth. #LabourLeaks #StarmerOut #BICOM


Ruth Smeeth, one of the 60 plus anti-Corbyn resignations from the shadow cabinet, formerly held a post with the lobby group, Trevor Chinn's Britain Israel Communications and Research Centre (BICOM). #StarmerOut #BICOM #JLM https://t.co/H2a9vnsnRP
GOVERNMENT
Operation Cupcake
Operation Cupcake
@PhillipsBarrie
Tony Blair is LOTO, behind the scenes, other Blairites are involved too. Keir Starmer is just a front man, Alexandre Samuel Barros-Curtis is Labour's version of Dominic Cummings, he's THE top man. Everything makes sense from this perspective. #LabourLeak #StarmerOut 👇 #BREXIT


According to his LinkedIn profile, Barros-Curtis’s day job is as a consultant solicitor “Providing specialised legal advice in the area of derivatives and structured finance” in particular “Hedging, project financings, securitisations, credit derivatives” #LabourLeaks #HedgeFund

He has worked extensively on derivatives and structured finance matters in Europe and Hong Kong; as well as formerly working for the Clinton Foundation. Asked to comment on Mr Barros-Curtis and his role in the party Labour said they do not discuss staffing issues. #LabourLeaks

Starmer's team members were accused of what's called "DATA - scraping" - seeking to obtain certain information from a wider set of data. Mr Barros-Curtis was also the DATA controller for Keir's campaign website. Who hired Asaaf Kaplan and When?.

Tony Blair has said he would not want a left-wing Labour party to win a general election.

The former prime minister said that even if he thought a left-wing programme was the route to victory, he would not adopt one. 2015
CULTURE

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Chamath Palihapitiya
Chamath Palihapitiya
@chamath
A children's book explanation of what's happening:

1. If you are "smart money" you are allowed to take your $1 and leverage it up to $15+

2. You can now buy $15 of stock AND if you promise to short companies, you can short $15 of stock as well

3. In finance language, this means that you are $30 "gross" ($15 of longs + $15 of shorts) but $0 net (+$15 of longs -$15 of shorts). This makes everyone feel good because it feels like you are taking zero risk...but in reality, your $1 is exposed to $30 of risk.

4. Now you go around and tell your friends about both your longs and your shorts and when you do it at a restaurant vs on Reddit, its called an "ideas dinner".

5. You also publish your longs on a quarterly lag via an SEC rule. You don't have to tell anyone about your shorts.

6. Now the less cool people who weren't invited to the ideas dinners, start copying your longs based on your report.

7. You realize that publicizing your shorts is also a good idea so instead of only selling stocks, you also BUY options (puts) which has to be reported.

8. Now everyone can see both your longs and your shorts and if you have a hot hand, you can likely predict that the cool people from the dinner as well as the less cool people monitoring your filings will copy you.

9. But then an outsider notices that the math is way off!
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Max Koh
Max Koh
@heymaxkoh
I'm lucky to attain financial freedom before 30.

I credit Fintwit for my learnings.

Here's 10 key concepts every investor must know:

1. $$ needed to retire
2. Researching a business
3. Reading annual reports
4. Reading earnings calls
5. Criteria of a multi bagger

(Read on...)

6. Holding a multi bagger
7. Economic moats
8. When to buy a stock
9. Earnings vs cashflow
10. Traits of quality companies

Here's my 10 favourite threads on these concepts:

1. How much $$ do you need to retire

Before you start, you must know the end game.

To meet your retirement goals...

How much $$ do you need in your portfolio?

10-K Diver does a good job explaining what's a safe withdrawl rate.

Hint: It's NOT


2. Research a business

Your investment returns are a lagging indicator.

Instead, your research skills are the leading predictor of your results.

Conclusion?

To be a good investor, you must be a great business researcher.

Start with


3. Reading annual reports

This is the bread and butter of a good business analyst.

You cannot just listen to opinions from others.

You must learn to deep dive a business and make your own judgments.

Start with the 10k.

Ming Zhao explains it
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Patrick McKenzie
Patrick McKenzie
@patio11
The payments wars in Japan are heating up and one of the battlegrounds is convenience store coffee.

“Coffee? What does that have to do with payments?” I’m glad you asked.

Convenience stores are low net margin businesses, which sell some high gross margin goods/services but a lot of low ones, and have high fixed costs and a low ticket size. The typical transaction is under 500 yen ($5) and many are about $1.

They need repeat custom.

A few years ago, all of the chains had a good idea for increasing frequency of use: make a minor capital investment in automatic coffee machines. Sell access to them for the price of a cup / ice; customers self-serve with the machine.

The price point is $1 to about $2.

Coffee quickly became one of the most frequently repurchased items at convenience stores, in no small part because it’s the one thing they can sell which is phameceutically habit forming but totally unregulated. (Just telling it like it is.)

But the coffee is not very defensible

The problem, such that it is, is that competing chains are everywhere and *all* of them serve Thoroughly Adequate Coffee at similar prices, so you’re back into the brutal economics of “Who is 3 meters closer to 40 customers at 1 office?”

Enter payment apps.
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Dinesh Sairam
Dinesh Sairam
@Dinesh_Sairam
1/ There are a ton of books about Financial & Fundamental Analysis, Scuttlebutt and Technical Analysis. But there aren't many books 'taking risk'.

Among the few that exist, 'Zurich Axioms', written in 1985, is the best. Here are my key takeaways from the book.


2/ A bit about Max Gunther's (The Author) background. He was an Anglo-American journalist and writer, who wrote 26 Books.

His father, Franz Heinrich, was the New York Head of Schweizerischer Bankverein, which later merged into the famous Union Bank of Switzerland (UBS).

3/ The 'Zurich Axioms' were a set of unwritten rules followed by a informal group of Swiss Bankers and Traders who used to socialize around Wall Street after World War II. Mr. Heinrich was one of the founding members.

Max Gunter formalied these 'Axioms' by writing about them.

4/ There are 12 'Major Axioms' and 16 'Minor Axioms' (Corollary to the Major Axioms) in the book.

But remember, this is MY key takeaways from the book and not an exact summary. So you might find quotes, phrases and links inserted here and there by me (Not from the Author).

5/ Axiom #1: In order to earn returns, you must take risk. Risk will make you worry.

Risk-taking and worrying go hand-in-hand. If you're not worried about an investment, you're not taking risk.

Spend half your energy towards earning an income and the rest towards speculation.
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Barsee
Barsee
@heyBarsee
This took me 6 years to learn, I'll teach you in 2 minutes.

23 sentences that'll make you more money than a $40,997 business degree:

1. Irresistible offer - Desirable outcome + proof + scarcity + urgency + guarantee + bonuses

2. Join the most expensive gym in your city. one connection will pay for it many times over - jk

3. If you keep waiting for the “right time” you will keep wasting all of your time.

4. Don't be cheap with: doctors, lawyers and tax advisors

5. Give yourself 3 days to do it and it'll take 3 days.

Give yourself 3 hours to do it and it'll take 3 hours.

6. Send a physical gift to customers and everyone who's worked with you for more than 3 months

7. Your customer's fear of loss is more powerful than their desire for gain.
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Thread on
"Intraday Banknifty Strangle based on OI data"

(System already shared, today just share few examples)
(1/n)

-Trade timing after 9:45

-Check Banknifty change in OI data at 9:45, and identify the highest OI built up in call side and put side

-We will sell both strikes with combined premium as SL on both legs.
(2/n)

28th June 2021

BN open-35440
At 9:45 trading at 35350
Highest OI in call side at 35500 CE and 35000 at put side
Strike selection 35500 CE- 35000 PE
(3/n)


29th June 2021

BN open-35323

At 9:45 trading at 35112

Highest OI in call side at 35300 CE and 35000 at put side

Strike selection 35300 CE (232) - 35000 PE (150) Combined premium 382 , Both legs SL 382
(4/n)


30th June 2021

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At 9:45 trading at 35002

Highest OI in call side at 35000 CE and 35000 at put side

Strike selection 35000 CE(176)- 35000 PE(213) Combined premium 389 , Both legs SL 389
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THREAD: What is Golden Crescent and Golden Triangle and how it impacts India?

Golden Crescent region of South Asia - comprises of Afghanistan, Iran, and Pakistan - which is a principal global site for opium production and distribution.


Golden Triangle is the area where the borders of Thailand, Laos and Myanmar meet at the confluence of the Ruak and Mekong rivers. The Golden Triangle is called so because of the triangular shape formed by the locations of New Delhi, Agra and Rajasthan on a map.


India is wedged bw world’s 2 largest areas of illicit opium production, Golden Crescent & Golden Triangle, that has made Indian borders vulnerable to drug trafficking. It flows from 2 fronts, NW & NE, that possesses dual concern - violation of border & threat to national security

- Golden Crescent is world’s leading opium and cannabis producing region since 1983.

- Its proximity to Indo-Pak border has worsened the trafficking of hashish and heroin into Indian soil

- Trafficking happens through the border states of J&K, Punjab, Rajasthan and Gujarat.


- Golden Triangle is leading opium producing region of the South-east Asia, also an ancient narcotics supply route to North America & Europe.

- Myanmar-Northeast nexus is recognized by NCB as the root of heroin & chemical drugs

- Myanmar produces 80% of heroin produced in world
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Shalini Singh Sengar
@Maverickmusafir
Post Independence, Army wanted to select the most experienced Indian commander as Army chief. But Nehru without consulting anyone appointed Gen Rob Lockhart, a senior British Army officer as the Commander-in-Chief (C-in-C) of the Indian Army.


Most people were shocked to know that Nehru selected a British Man after fighting for independence for over 200 years! Major Gen A A ‘Jick’ Rudra of the Indian Army was completely upset with the decision.


One day Lockhart met Nehru with a strategic plan and proposed many government directive defence policies for the country. He placed it on the table and explained the point to PM Nehru. After a while Lockhart walked out of the room and met AA Jick Rudra,+

Lockhart looked shell shocked and stunned. When asked what happened he said “The PM took one look at my paper and blew his top. Rubbish! Total rubbish! We don’t need a defence plan. Our policy is ahimsa (non-violence). We foresee no military threats. Scrap the army!”

One year after the incident the Kashmir crisis had increased and Gen Lockhart used to exchange ideas with the Gen Douglas Gracey who was commander in chief of Pakistan Army.There were many infiltrations along the border which Lockhart knew and took no action. But Lt Gen Cariappa+
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
राम-रावण युद्ध समाप्त हो चुका था। जगत को त्रास देने वाला रावण अपने कुटुम्ब सहित नष्ट हो चुका था।श्रीराम का राज्याभिषेक हुआ और अयोध्या नरेश श्री राम के नेतृत्व में चारों दिशाओं में शन्ति थी।
अंगद को विदा करते समय राम रो पड़े थे ।हनुमान को विदा करने की शक्ति तो राम में थी ही नहीं ।


माता सीता भी हनुमान को पुत्रवत मानती थी। अत: हनुमान अयोध्या में ही रह गए ।राम दिनभर दरबार में, शासन व्यवस्था में व्यस्त रहते थे। संध्या को जब शासकीय कार्यों में छूट मिलती तो गुरु और माताओं का कुशल-मंगल पूछ अपने कक्ष में जाते थे। परंतु हनुमान जी हमेशा उनके पीछे-पीछे ही रहते थे ।


उनकी उपस्थिति में ही सारा परिवार बहुत देर तक जी भर बातें करता ।फिर भरत को ध्यान आया कि भैया-भाभी को भी एकांत मिलना चाहिए ।उर्मिला को देख भी उनके मन में हूक उठती थी कि इस पतिव्रता को भी अपने पति का सानिध्य चाहिए ।

एक दिन भरत ने हनुमान जी से कहा,"हे पवनपुत्र! सीता भाभी को राम भैया के साथ एकांत में रहने का भी अधिकार प्राप्त है ।क्या आपको उनके माथे पर सिन्दूर नहीं दिखता?इसलिए संध्या पश्चात आप राम भैया को कृप्या अकेला छोड़ दिया करें "।
ये सुनकर हनुमान आश्चर्यचकित रह गए और सीता माता के पास गए ।


माता से हनुमान ने पूछा,"माता आप अपने माथे पर सिन्दूर क्यों लगाती हैं।" यह सुनकर सीता माता बोलीं,"स्त्री अपने माथे पर सिन्दूर लगाती है तो उसके पति की आयु में वृद्धि होती है और वह स्वस्थ रहते हैं "। फिर हनुमान जी प्रभु राम के पास गए ।
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Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
RISHI BHRINGI AND ARDHA-NAREESHWAR SHIVA

Rishi Bhringi was a devoted bhakt of Mahadev. However, in his devotion to Shiva, he ignored Mata Parvati.

Once, he visited Kailasha along with other Rishis. All the Rishis did parikrama of Shiva and Parvati both except Rishi Bhringi.


The same situation continued whenever Rishi Bhringi visited Kailasha. Mata Parvati decided to teach him that Shiva and Parvati are one and inseparable.
So on one such visit, Mata Parvati sat on the left lap of Mahadev when Rishi Bhringi came.


Seeing this, Rishi Bhringi took the form of a bee(some say bird) and did pradakshina/ parikrama only around Shiva’s head and ignored Ma Parvati.
Angered Mata took away the Shakti from his body. Rishi lost his blood and flesh and was left with a bare skeletal form.


Seeing him in such a situation where he was unable to support himself, Shiva granted a third leg to him.
Shiva then fused one half of his body with that of Ma Parvati and appeared as Ardha Nareeshwar.
Rishi Bhringi finally realised that Shiv and Shakti are one and the same.
🙏🏻
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