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Money | Anorak - Part 20

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Money in the news and how you are going to pay and pay and pay

How can we tax Amazon’s Profits if Amazon doesn’t make any profits?

File photo dated 26/04/13 of the Amazon logo on a package as the online retail giant has broken advertising regulations with a description of a book promoting a vaccination-free childhood, the regulator has ruled.

YOU’LL have seen all the furore about how Amazon are such bastards for not paying any taxes on their vast profits made by selling us stuff for cheap. You know, there’s shouts from the supermarkets that there should be a …

Posted: 7th, August 2013 | In: Money | Comments (2) | Follow the Comments on our RSS feed:RSS 2.0


Real Madrid and Barcelona: Buying Spurs Gareth Bale and other stars is part of a tax scam?

THIS tax story is really getting out of hand: they’re insisting that Real Madrid and Barca are tax scams now:

Those four are Real Madrid and Barcelona, who also take around 50 per cent of La Liga’s total television

Posted: 7th, August 2013 | In: Money, Sports | Comment | Follow the Comments on our RSS feed:RSS 2.0


How cutting bankers’ bonuses buggers up bankers’ pay

ONE of the odder parts of the furore over the banks, greed, financial crashes and what causes them is this idea that if we cut bankers’ bonuses then everything will be better. The problem with this idea is that everything …

Posted: 6th, August 2013 | In: Money | Comments (3) | Follow the Comments on our RSS feed:RSS 2.0


Fracking madness: In what way is a higher than normal tax rate a tax break?

Anti-fracking protesters at Balcombe, East Sussex, as fracking firm Cuadrilla tries to move equipment on site for exploratory drilling for oil.

I HAVE to admit that there are certain minds that I just cannot worm my way into. Just cannot grasp what is going on in the minds of people who say such stupid things:

George Osborne has infuriated environmentalists

Posted: 4th, August 2013 | In: Money | Comment | Follow the Comments on our RSS feed:RSS 2.0


Apple’s still being complete bastards to the Chinese workers

APPLE’S being complete bastards to Chinese workers. Well, so says a new report out today from China Labor Watch: Apple’s still being entirely bastardly towards the workers in China that make so much of their kits. After all that stuff …

Posted: 4th, August 2013 | In: Money, Technology | Comment | Follow the Comments on our RSS feed:RSS 2.0


Facebook mobile results lead to stock soaring 17%

THE big thing no one was really sure about with Facebook was how it was going to deal with the move to mobile. The recent results give us some insight into that and the shares have risen 17% as a

Posted: 2nd, August 2013 | In: Money | Comment | Follow the Comments on our RSS feed:RSS 2.0


Obama threatens a repeat of Trayvon Martin, Christopher Newsom and Channon Christian

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BARACK Obama says that race relations are going to get worse in America unless… The White House Dossier reports:

President Obama said that if economic prescriptions of the type he supports to increase economic growth and reduce “income inequality” are

Posted: 1st, August 2013 | In: Money, News, Politicians | Comment | Follow the Comments on our RSS feed:RSS 2.0


It goes down: that’s what the minimum wage is supposed to do you dimbulb idiot

DEAR Heaven above wouldn’t it be nice to be ruled by people of a slightly higher intellectual capacity than this? Here we’ve got the ex-head of the organisation that sets the minimum wage, The Low Pay Commission, complaining about the …

Posted: 30th, July 2013 | In: Money | Comment | Follow the Comments on our RSS feed:RSS 2.0


The Bank of England keeping token women on banknotes is no victory

LIKE many people, I’m delighted with the news that the Bank of England will be keeping women on our banknotes. I made this cartoon in support of the campaign.

banknote_comic_frame

There’s a few things about the reaction to the news …

Posted: 26th, July 2013 | In: Money, News | Comment | Follow the Comments on our RSS feed:RSS 2.0


So what first attracted you to the multi-billionaire Eric Schmidt then?

THE Mail is reporting that Eric Schmidt, the multi-billionaire chairman of Google, has a penchant for shagging around a bit.

Yet today The Mail on Sunday can reveal that 58-year-old Eric Schmidt, Google’s executive chairman, does fiercely protect one

Posted: 26th, July 2013 | In: Money, Technology | Comment | Follow the Comments on our RSS feed:RSS 2.0


Thom Yorke and Johnny Lynch entirely misunderstand Spotify and online music

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THIS is one of those newspaper pieces where you have to check that the people are still living on the same planet as the rest of us. They’re talking about whether Spotify is paying enough in royalties to the musicians …

Posted: 26th, July 2013 | In: Key Posts, Money, Music, Technology | Comments (3) | Follow the Comments on our RSS feed:RSS 2.0


An absurd story on Formula One tax dodges

THIS absurd tax story is brought to you by The Independent:

The standard rate of corporation tax in the UK is 24 per cent of a company’s profit. The F1 teams tend to avoid this because they spend all

Posted: 26th, July 2013 | In: Money, Sports | Comment | Follow the Comments on our RSS feed:RSS 2.0


Crystal Palace underground toilets are now a compact and bijou home (photo)

ARCHITECT Laura Jane Clark has transformed these ancient Crystal Palace Parade underground toilets (built: 1929; closed in the 1980s) into a 600 square foot home.

She bought he lavs for £20,000, invested £65,000 and now owns an underground home that …

Posted: 24th, July 2013 | In: Money, The Consumer | Comments (2) | Follow the Comments on our RSS feed:RSS 2.0


The idiocy of gambling on dumb luck

THE seductive idiocy of gambling on dumb luck: Chris Dillow reviews:

Jordi Brandts and colleagues got a group of [fourth-year finance] students to predict a sequence of five coin tosses, and then selected the best and the worst predictor.

Posted: 23rd, July 2013 | In: Money | Comment | Follow the Comments on our RSS feed:RSS 2.0


The Guardian makes a hash of biomass and gasoline use

THIS  is really rather good in The Guardian. Further evidence that the people who produce it just don’t understand numbers.

There’s a piece cooing over a new method of producing hydrogen. Basically, if we boil up some plants then …

Posted: 23rd, July 2013 | In: Money | Comment | Follow the Comments on our RSS feed:RSS 2.0


Austin Mitchell’s tax rate is lower than that of the Prince of Wales

AUSTIN Mitchell’s Tax Rate Is Lower Than That Of The Prince Of Wales….

A fact which makes his comments in the Commons yesterday really rather interesting.

Mitchell announced that the Prince of Wales pays tax at a lower rate than …

Posted: 18th, July 2013 | In: Money, Politicians, Royal Family | Comment | Follow the Comments on our RSS feed:RSS 2.0


Spotify is overpaying Thom Yorke and The Bleaters

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THE latest is the row about how the royalty streams from Spotify are too low turns up in The Guardian. As you might expect from that paper there’s a great deal of indignation and not a lot of light …

Posted: 17th, July 2013 | In: Money, Music | Comment | Follow the Comments on our RSS feed:RSS 2.0


Asiana Airlines sues Captain Sum Ting Wong with a ‘smile as beautiful as a wing with stripes’

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ASIANA Airlines will sue the TV station that reported on the accident that saw three passengers killed  (two have been named as Ye Mengyuan, 16, and Wang Linjia, 17) and scores more injured when one of it jets crashed into …

Posted: 15th, July 2013 | In: Money, News | Comment | Follow the Comments on our RSS feed:RSS 2.0


The streets are paved with gold – well, the platinum in your catalytic converters

OR, in this case, platinum and other valuable metals:

One of the country’s biggest street cleaning firms has announced it is to “mine” the sweepings it collects from roads and pavements, in search of gold and other precious metals.

Posted: 15th, July 2013 | In: Money | Comment | Follow the Comments on our RSS feed:RSS 2.0


Girl-hating gamer boys: Quit thinking with the Smaller of Your Two Heads

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ACCORDING to 1980s pop culture stereotypes, anyone who likes computers is compensating for being a socially clueless nerd who cannot get laid.  Kudos to pop culture for evolving beyond that, but why the hell are today’s gamer boys trying …

Posted: 13th, July 2013 | In: Key Posts, Money, Technology, The Consumer | Comment (1) | Follow the Comments on our RSS feed:RSS 2.0


Estate agency writes the best property blurb ever – ‘Due to the owner’s hobby, we are unable to take internal photographs’

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YOU looking to buy a 3-bed semi-detached house on Eastcroft Road, West Ewell, for £337,950? McCann’s estate agents, on Epsom High Street, has just the thing. Want to see inside?

Sorry. You can’t. Why? Well the estate agency says:

“Due

Posted: 12th, July 2013 | In: Money, The Consumer | Comment | Follow the Comments on our RSS feed:RSS 2.0


Don’t use the Internet if you want to keep secrets – Russian spies revert to paper economy

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I ASSUME that we all actually know this by now, that you cannot keep things secret on the internet? At least, we should all have learnt it from the revelations by Edward Snowden I think, no? That the only truly …

Posted: 12th, July 2013 | In: Money, Technology | Comment | Follow the Comments on our RSS feed:RSS 2.0


Apple conspired to keep e-book prices artifically high as libraries die

BOOKS are not just objects to buy and trade. The BBC reports on a ruling that Apple “conspired with publishers to fix the price of electronic books”.

And those are the electronic books that thanks to convoluted copyright rules …

Posted: 10th, July 2013 | In: Books, Money, Technology | Comment | Follow the Comments on our RSS feed:RSS 2.0


Fact v fear: nine scare stories that make mugs of the British

A SURVEY by Ipsos MORI for the Royal Statistical Society and King’s College London looks at scare stories and the facts behind them.

These are the popular misperceptions:

Teenage pregnancy

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Fear: 15% of girls under 16 get pregnant each year…

Posted: 10th, July 2013 | In: Money, News | Comment | Follow the Comments on our RSS feed:RSS 2.0


The Wall Street Journal thinks Egypt needs a General Pinochet

n this 1974 file photo, Chilean dictator Gen. Augusto Pinochet speaks at an informal press conference in Santiago, Chile. Newly declassified U.S. documents indicate that Pinochet planned to use violence to annul the referendum that ended his brutal regime in 1988. The formerly secret documents posted by the independent U.S. National Security Archive on Friday, Feb. 22, 2013 showed U.S. officials warning Chilean leaders against violence if Pinochet tried to use force to stay in power if people voted against eight more years of his rule. They also show U.S. officials and agencies backed the anti-Pinochet campaign portrayed in the Oscar-nominated film "No," even though the U.S. government also had tried to undermine the socialist government Pinochet had overthrown. (AP Photo, File)

THE Wall Street Journal thinks Egypt needs a General Pinochet

And this has predictably outraged just about everyone else:

Egyptians would be lucky if their new ruling generals turn out to be in the mold of Chile’s Augusto Pinochet,

Posted: 8th, July 2013 | In: Money, Politicians | Comments (2) | Follow the Comments on our RSS feed:RSS 2.0