I was on the dog to Brussels yesterday and, as it has been put to me (I think highly credibly), there is only one way to attempt (there is no certainty in these actions) to start to bring the migrant crisis under control: it is to attack the mafiosos and gangsters of North Africa. This means military action. What is certain is that the current performance cannot continue.
Syria is materially different. Migrants from that benighted country would prefer to stay there. But until stability returns they will leave. This means that European countries have an interest in controlling events there. This means cooperation of a very high and unprecedented order. I hope this can be achieved. It’ll cost a lot of money and blood.
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Marissa Mayer, the CEO of Yahoo, is bearing twins and will continue to be CEO. Attagirl. It should be noted that Yahoo sensibly pays for this since it is, no doubt, a contractually allowed for eventuality. But in general the timebomb that a young woman can potentially bear children at the expense of her employer is a hopeless mess. It’s not costed or capable of being rationally costed under current law. This was drafted by politicians who could not see the state’s way to assist and therefore chose the easiest alternative. It’ll end in trouble.
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I love the bloke at Posh Pawn. He is a top class gambler with an efficiently direct manner. But at no point in the programme is the rate of interest typically charged by this emergency financier disclosed. That really would be porn.
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Every time I see Rebekah Brooks on the tele I want to see her hair properly combed. That’s all. There is of course no reason why she should not return to managing Murdoch’s UK interests. She was not found guilty of anything.
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Finally, the money buttons: it’s hard to borrow APR Energy (APR) but I squeaked 75,000 away yesterday. High Noon should be by the end of September – at which point collapso should be total. The bankers have had months to see a rights issue declared. But there has not even been the sniff of one. Why should they bear the downside with no upside?
I have shorted Tern (TERN) since I cannot find any satisfactory explanation of the buy case. Can readers?
The chairman has got me to short GBP/USD at 1.5280.