Tony Blair earns millions after leaving post as PM

According to article here: Business insider / Blair Kuwait Consulting Fees Tony Blair has received fee of $43 Million dollars form government of Kuwait for preparing report “Kuwait 2035″. Along with position of advisor for JP Morgan and other consultancy fees he may have earned as much as $5 for each of the 1 million dead caused by his illegal invasion of Iraq.

Tony Blair

No news about Gordon Brown yet, but he made noises that he wanted to do Charity work, so expect to see him show up at IMF, UN, WWF, etc. He should have lots of banker friends after selling of most of UK’s gold at lowest possible price.

LIberal Doublespeak – paying more is paying less

http://www.bbc.co.uk/news/uk-11946112

http://www.bbc.co.uk/news/uk-politics-11947701

Liberal democrats are claiming that students who will pay more for their education in the future will be paying less.

Their argument seems to be that the longer you delay paying back a loan, and the slower you pay it back the better.

I’m a bit worried that politicians can make this argument so easily, I think this is the same way they think about borrowing on the national scale. At least on the national scale one thing they often seem to forget is that the cost of borrowing can change.

I think it is very disingenuous to claim that richer students will pay more for their loans because they will pay them back sooner. Also does this mean no one will have a choice but to borrow to pay for their education, will it be compulsory to take loans from the government, or will students be allowed to pay upfront if they have the money? Paddy Ashdown seemed to claim that no one will pay for their education (only pay it back later).

Did we enter the world of double speak?

If anyone knows where I can read the proposals for this legislation please let me know. Mr Ashdown suggested we should read, but didn’t say where.

Wanted: Banker

There is one group were bankers are wanted, that place is Iceland, and the bankers are the former board of Kaupthing Bank, the Icelandic bank that collapsed in 2008. The former chairman has refused to appear in Iceland to explain the collapse unless it is guaranteed he will not be arrested. He is now wanted by Interpol.

[Gaurdian Story]
[Morrison World News Story]
[Blacklisted News Story].

Sigurdur Einarsson, was publicly blamed by Gordon Brown for the failure of the bank. He lives in west London. TV financial pundit Max Keiser has promised to reward the person credited with the arrest of Sigundur Einarsson with 1 oz of gold (1:20–3:40).

Sigurdur Einarsson plans to test his ‘human rights’ in London, presumably arguing he will not receive a fair trial in Iceland.

Sigurdur Einarsson lives in West London in a 5.5–8 Million home he paid 10.5 Million for (in Chelsea?).

See here to search for company directors in UK

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Iceland ReviewReports that Sigurdur Einarsson attempted to get a ruling in Iceland to repeal his arrest, the court found that his is not part of icelandic law. Deciding that it really meant what is said, when it said it wanted to arrest him (he is wanted to give evidence to their investigation). London UK authorities confirm they do not intend to arrest him until charges have been filed against him, but will make an arrest if he attempts to leave the country (presumably not if he attempts to go to iceland?).

Merkel says bank practices “treacherous”

BERLIN — German Chancellor Angela Merkel on Thursday slammed “treacherous” practices by banks during the Greek crisis and said governments must crack down on speculators hunting profits in the turmoil.

Merkel, whose Christian Democrats face a tough re-election battle in Germany’s most populous state Sunday, railed against gamblers on the financial markets who she said were exacerbating an already volatile situation.

“First the banks failed, forcing states to carry out rescue operations. They plunged the global economy over the precipice and we had to initiate recovery packages. Because of these packages, we have become indebted and now, they are speculating against these debts — that is really very treacherous,” she said.

AFP: Merkel blasts ‘treacherous’ banks in Greek crisis

Exciting Election News

I momentarily thought that the news on BBC website was very interesting, and we might have a chance for real change in UK… (change you can believe in).

3 Dead

But then I notice that the pictures of the 3 leaders are associated with a different story.

Still Alive and kicking!

I was a bit shocked that people realised that we can easily come to same economic condition as Greece. Of course UK debt is completely different, Greek people are just lazy, and Goldman Sachs and Politicians have nothing to do with the situation.

It’s really a shame that 3 people die in the greek protests. I hope they didn’t die in vain.