Tuesday 20 August 2013

Quaint Cinemas

one in Belper, they have curtains in front of the screen, serve tea in a mug, have sofas for two AND let you eat cake;

http://www.ritz-belper.co.uk/

for parking - use No2 on this link;

http://en.parkopedia.co.uk/parking/belper/

one in Wirksworth, similar to above;

http://www.thenorthernlightcinema.co.uk/

Friday 9 August 2013

Rules

indebted for the wise observation;

'..rules are made for fools to obey and those who hope one day to be wise to learn from, but they are the crate and not the beer..'

Wednesday 7 August 2013

Marmite !

too good to miss up;

http://www.youtube.com/watch?v=mHjssdNNzP0

Costings on healthcare provision

an interesting link to costings of certain agents;

http://www.pssru.ac.uk/project-pages/unit-costs/2012/#sections

Bumble-bee species

all different forms of Bumbly Bumble-bees;

http://www.flickr.com/photos/bumblebeeconservation

NHS Pension and value 7/8/2013

credit to 'refusnik' for this sage analysis;

'..Congratulations on being awake and aware enough to question whether you will ever see the pension you have been promised.

It is relatively easy to transfer the Cash Equivalent Transfer Value (CETV) of your accumulated contributions to a SIPP. You can then carry on contributing to the SIPP with tax relief at your highest marginal tax rate, sans employer contributions. 

You can invest in pretty much anything you like (including physical gold and mining equities)within the SIPP (at your own risk, of course). I'm personally betting that Mark Carney will do what all Central Bankers do best and print like a m***** f*****. 

The NHS pension scheme is technically a Ponzi scheme backstopped by one of the most insolvent organisations in the world (the UK government). 

The UK government currently has a debt of £1.2 trillion, additional unfunded public sector pensions liabilities of approximately £4.7 trillion, an annual income of £500 billion (tax receipts), and expenses of £700 billion (including £100 billion annual NHS spending). 

http://www.zerohedge.com/news/2012-11-12/uks-most-disturbing-number-total-unfunded-pension-obligations-321-gdp

http://moneyweek.com/endofbritain/



http://www.debtbombshell.com/

Like all Ponzi schemes, the NHSP works very well as long as the contributions exceed the outgoings, which has been the case so far with the dramatic growth of the NHS since its inception. Like in all Ponzi schemes, early contributors have done very well.

Unfortunately, this arithmetic works equally well in reverse. A contracting NHS would spell trouble for the Ponzi.

The NHS in its current size is unsustainable, being paid for on a credit card with an accumulated balance of £1.2 trillion, the interest payments(£70 billion) on which are only affordable to the UK government because current Gilt rates are the lowest they been for 300 years. When the sovereign bond bubble pops and interest rates rise, we will all learn the true meaning of the word "austerity" (annual interest payments >> £70 billion, public spending <<£500 billion, NHS spending <<<£100 billion).

Given that the organisation backstopping the NHSP has a printing press, it is likely that the nominal promises will be largely honoured, with a haircut or two thrown in. Whether this amount will even cover your electricity bill is another matter altogether. History is littered with public sector pensions (and pensioners) destroyed by default by inflation.

"We can guarantee cash benefits as far out as whatever size you like, but we cannot guarantee their purchasing power". - Alan Greenspan, Federal Reserve Chairman....'

Tuesday 6 August 2013

Berwick vs Donaldson and NFC

An organisation with a Memory was published in 2000 by the CMO Sir Liam Donaldson;

http://www.aagbi.org/sites/default/files/An%20organisation%20with%20a%20memory.pdf

the debacle that was Stafford Hospital hit the fan in the late 'naughties',
then HMG commissioned an American, Prof Don Berwick to review patient safety;

https://www.gov.uk/government/publications/berwick-review-into-patient-safety

Granny sucks eggs every 13 yrs.

will they ever learn?

not until they smell the Kaffe;

http://www.patientforsakring.se/

http://www.patientforsakring.se/resurser/dokument/engelska_artiklar/swedish_system_right_to_compensation.pdf

Leaf cutter Ants and Antibiotics

Rather novel dont you think, and they dont get antibiotic resistence!;

http://en.wikipedia.org/wiki/Leafcutter_ant

and the east anglian leaf cutter colony;

http://www.rdmag.com/news/2013/07/leaf-cutter-ants-inspire-new-anti-cancer-drugs

and;

http://www.asknature.org/strategy/e26189eb7f07b5fe28dd58d4c9904f15

Goodharts law

i really do enjoy collecting these 'laws';

http://en.wikipedia.org/wiki/Goodhart's_law