Gary Linekar celebrates victory over BBC rightwing censors
“This (policy on asylum refugees) is just an immeasurably cruel policy directed at the most vulnerable people in language that is not dissimilar to that used by Germany in the ’30s.” ..Gary Lineker’s tweet that got him fired from Match of The Day
The BBC has always insisted that it is politically neutral and unbiased, even as it broadcasts a debate programme from the independence supporting predominantly working class city of Dundee with an audience that seemed to be mostly composed of middle class Brexit supporting Conservatives with English accents. Allegations of pro-government and anti-Scottish independence bias in the BBC are even more numerous than the allegations of Conservative sleaze to which the Corporation pays remarkably little attention. To give just one example, the BBC ignored the allegations about the business dealings of Conservative peer Michelle Mone until they were headline news in various newspapers and were dominating the news agenda. Compare and contrast with the BBC’s hounding of the SNP’s Michelle Thomson over allegations of sharp business practices which were later proven to be unfounded.
However in recent weeks the BBC has lost the plot and its claims to political neutrality have…
late late news…. Another Bank Goes BUST…Signature Bank was shut down on Sunday by New York Department of Financial Services, which announced that it took possession of the bank
Billionaire US investor and hedge fund manager Bill Ackman on Saturday warned the US of dire consequences facing its banking sector and the broader economy following the implosion of Silicon Valley Bank (SVB), a major US lender focused on tech and startups.
Ackman wrote on his Twitter account that US authorities should not have allowed SVB to collapse without protecting all depositors. Official figures showed that only 11% of SVB’s $175.4 billion in deposits were insured at the time of the bank’s failure. note: see Late News
Many other banks were also hit already by the collapse of Silicon Valley Bank and Signature Bank, including First Republic, the 16th-largest U.S. bank with more than $ 180 billion in assets, which plunged 50% on Friday before closing with a 15% drop on the day (a 34%drop on the week).).
Non insured depositors will probably all be bailed out by the Fed printing billions. Investors and shareholders will lose everything. The Rating Agencies gave no warning of the collapse.
On Wednesday March 8, Moody’s, for example, still had an A3 rating on SVB Financial, owner of the now defunct Silicon Valley Bank, as it was already collapsing for all to see. Four notches into investment grade – a very respectable rating! On Friday it fell 20 notches to zero, but too late to get money out.
Shareholders got bailed in and face a total loss. They’re the ones who are “bailed in” automatically when the FDIC takes over. Other investors may have a partial loss.
According to the investor, with the lender’s failure “the world has woken up to what an uninsured deposit is – an unsecured illiquid claim on a failed bank.” This means that when the banks reopen on Monday, “the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs).”
The situation will lead to an economic meltdown, as the withdrawals “will drain liquidity from community, regional and other banks and begin the destruction of these important institutions,” Ackman says, adding that “thousands of the fastest growing, most innovative venture-backed companies in the US will begin to fail to make payroll next week.”
According to the investor, US authorities should either find a buyer for SVB before the banks open on Mond… note: see update
A peer-reviewed paper initially approved and praised by a prestigious academic journal was suddenly rescinded without explanation.Its author, one of the world’s top scholars on Ukraine-related issues, had marshaled overwhelming evidence to conclude Maidan protesters were killed by pro-coup snipers.
The massacre by snipers of anti-government activists and police officers in Kiev’s Maidan Square in late February 2014 was a defining moment in theUS-orchestrated overthrowof Ukraine’s elected government. The death of 70 protesters triggered an avalanche of international outrage that made President Viktor Yanukovych’s downfall a fait accompli. Yettoday these killingsremain unsolved.
EnterIvan Katchanovski, a Ukrainian-Canadian political scientist at the University of Ottawa. For years, he marshaled overwhelming evidence demonstrating that the snipers were not affiliated with Yanukovych’s government, but pro-Maidan operatives firing from protester-occupied buildings.
Though Katchanovski’s groundbreaking has been studiously ignored by the mainstream media, a scrupulous study he presented…
On Tuesday, sabs swung into action as around 30 hunters from the host pack were about to set off.
On first sight of sabs, the hunters high-tailed it back to their kennels with one of them commenting, “You’ve done the job, we’re packing up!”
The Ilminster Beagles have invited several other hare-hunting packs to hunt their ‘country’ over the course of this week. Hunt saboteurs from across the region – including specialist spotting teams – were out in force across Devon yesterday.
However, snow, sabs, or a combination of the two deterred the visiting pack from attending. Sabs will resume operations today to ensure the rest of the festival does not go ahead.
“You’ve done the job, we’re packing up!”
This is the second time the Ilminster Beagles have attempted to organise a hare-hunting festival and the second time it has ended in dismal failure.
Their March 2019 event lasted all of 20 minutes, before 50 sabs descended on their opening meet by the Ryeford Chase Bassets.
His face says it all.
Hare hunting festivals used to be common across the country, particularly for getting hounds into shape before the start of the main season.
Hunt sabs have prioritised sabbing these highly secretive events in recent years and have great success against Alston Hare Week, the Northumberland Beagling Festival, the Severn Vale Visitors Week, and several others.
Flashback: sabs bring Ilminster Hare Week 2019 to an abrupt end.
A sab spokesperson commented from the scene,
“Local people have furnished us with excellent intelligence about this so-called festival, which is due to run for the rest of the week. The fact that the Ilminster Beagles packed up immediately shows they cannot hunt legally – we stopped them on Tuesday, and we’ll stop any other pack foolish enough to travel to this event. Our advice to the packs invited to hunt and kill Devon’s hares is simple: expect us.”
late late news…. Another Bank Goes BUST…Signature Bank was shut down on Sunday by New York Department of Financial Services, which announced that it took possession of the bank
Billionaire warns of SVB collapse aftermath. ‘Only 11% of SVB’s $175.4 Billion deposits will certainly be paid’.
Bill Ackman says the government made “a-soon-to-be-irreversible mistake” in its treatment of the failed bank.
Billionaire US investor and hedge fund manager Bill Ackman on Saturday warned the US of dire consequences facing its banking sector and the broader economy following the implosion of Silicon Valley Bank (SVB), a major US lender focused on tech and startups.
Ackman wrote on his Twitter account that US authorities should not have allowed SVB to collapse without protecting all depositors. Official figures showed that only 11% of SVB’s $175.4 billion in deposits were insured at the time of the bank’s failure.
Other banks were also hit already by the collapse of Silicon Valley Bank, including First Republic, the 16th-largest U.S. bank with more than $ 180 billion in assets, which plunged 50% on Friday before closing with a 15% drop on the day (a 34% drop on the week).).
Non insured depositors will probably lose most of their money, depending on how any remaining assets are eventually divided up. Investors and sharehiolderts will lose everything. The Rating Agencies gave no warning of the collapse. On Wednesday March 8, Moody’s, for example, still had an A3 rating on SVB Financial, owner of the now defunct Silicon Valley Bank, as it was already collapsing for all to see. Four notches into investment grade – a very respectable rating! On Friday it fell 20 notches to zero, but too late to get money out.
Shareholders got bailed in and face a total loss. They’re the ones who are “bailed in” automatically when the FDIC takes over. Other investors may have a partial loss.
According to the investor, with the lender’s failure “the world has woken up to what an uninsured deposit is – an unsecured illiquid claim on a failed bank.” This means that when the banks reopen on Monday, “the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs).”
The situation will lead to an economic meltdown, as the withdrawals “will drain liquidity from community, regional and other banks and begin the destruction of these important institutions,” Ackman says, adding that “thousands of the fastest growing, most innovative venture-backed companies in the US will begin to fail to make payroll next week.”
According to the investor, US authorities should either find a buyer for SVB before the banks open on Monday, a prospect he believes to be unlikely, or to guarantee all of SVB’s deposits.
SVB shares only began to collapse on Thursday during the day, and they continued to collapse after hours, and they continued to collapse before regular trading Friday morning, until trading was halted – and trading remains halted forever
“Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection… This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue,” he writes.
SVB collapsed last Friday, after its shares plunged amid a massive bank run. Depositors rushed to withdraw their funds following SVB’s announcement that it had lost $1.8 billion on asset sales made in an attempt to raise capital.
“SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs,” Ackman said.
He added, however, that US authorities were also at fault for the bank’s failure, as their job is to monitor the banking system for risk and SVB “should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry.”
Punishing China will likely backfire against the dollar and unleash a de-dollarization wave that could knock it off the reserve status. Here’s what you must know!America’s Ultimate Mistake via Sean Foo
If the United States and its allies impose Russian style blanket sanctions on China, this could be the greatest financial mistake in all of its modern history. Unlike Russia, China is enormous and more resilient and has deeper ties across the global economy.
“China’s economy is 10 times larger than that of Russia. Its banking sector is 30 times larger than that of Russia.
Daleep Singh, the man in charge of Russia sanctions policy at the White House when he worked as the .Senate Banking Committee
It’s the largest manufactured goods exporter in the world by a very large margin.
It has a dominant position in many different critical supply chains, solar panels, EV batteries, machine tools, 5G, even parts of the semiconductor supply chain like assembly and packaging.
It also has nearly a pure status with us on foundational technologies like AI, biotech and even quantum computing,” he said.
China Has Friends, More Than US
“China has also accumulated a lot of soft power since the Belt & Road Initiative was initiated in 2013.
It’s the largest lender to emerging market countries, two times as much as all other Western governments combined, and much more than the World Bank.”
General Li Shangfu, China’s new miltary commander, at a session of the National People’s Congress in Beijing, March 12, 2023.
70% of the world has a favorable view of Russia and China. The ‘good news‘, most of the world prefers American-style “freedom” to Chinese-style “autocracy.
“They prevent us from having the right to health, according to them a single doctor must provide for the treatment needs of a prisoner on the 140th day of fasting” says the lawyer Flavio Rossi Albertini comments on the Ministry’s decision to deny the visit of a second doctor trusted doctor Giovanna Barbara Cicardi.
According to the Ministry, with the visits of Dr. Andrea Crosignani, Cospito’s right to health would already be satisfied. Taking into account that the prisoner is subjected to the 41bis regime to sever the connections with the anarchist world, one does not withdraw from having to admit an additional healthcare worker in order not to prejudice the rationale of the provision is the explanation.
But it’s not over. The lawyer continues: “In the 41 bis department of the San Paolo today there was the director of the work, the medical director of the San Paolo and…
“You’ve done the job, we’re packing up!”
Flashback: sabs bring Ilminster Hare Week 2019 to an abrupt end.
