Archive for category Business
Sony showed this to attendees at their Annual Shareholder’s meeting in 2009 but I have only just come across it and think it needs a wider audience.
The frightening thing is when they talk about first year and third year students…
Tell us what frightened or excited you below in the comments!
Colour and excitement returned to the City yesterday as Glencore announced a former French foreign legionnaire, Algerian war veteran, author, explorer and financier as its new chairman.
Simon Murray (pictured) will be tasked with leading the firm’s up-to $11bn (£6.7bn) float, valuing it at about $60bn, the details of which were confirmed yesterday.
The move heralded a return to the days when interesting and complex characters, rather than faceless executives, ran the City.
Earlier this week, Murray said: “This is very exciting, but you are talking to someone who has been chased by a leopard. You are talking to someone who has been shot at with a machine gun and missed.”
Murray, whose tales of derring-do include carrying two severed heads in his backpack during his time in the French Foreign Legion, was born in Leicester in central England. As a teenager in 1960 he joined the Foreign Legion on a whim, going on to fight for five years in Algeria. He later wrote a bestseller, “Legionnaire”, about his time in north Africa.
It was made into a film in 2002.
Educated at Bedford School, one of England’s oldest public schools, Murray was turned down by the British Army before signing up with the Foreign Legion.
“I think perhaps I was just a young buck without much confidence in himself setting an extreme challenge to see if he could hack it in a man’s world,” he says in his book.
He has since run a 240km race in the Moroccan desert, climbed Mount Everest and become the oldest man to walk unsupported to the South Pole. Glencore unveiled its blockbuster initial public offering (IPO) to the market yesterday, following months of speculation.
According to Wikipedia, he has been awarded the CBE (Commander of the British Empire) by H.M. The Queen, and the Order of Merit of the French Republic and is a “Chevalier de La Legion d’Honneur”. He holds an Honorary Degree in law, from Bath University and attended the (SEP) Stanford Executive Programme in the US. He also trekked to the South Pole in his sixties.
Murray married long-time sweetheart, the former Jennifer Mather, with whom he has three children. Jennifer Murray was the first woman to fly around the world in a helicopter.
What a family
and read the explanation of what they are, our future is here, incredible! what an age we live in.
Are they pens with cameras?
Any wild guesses? No clue yet?
Here is how it works:Ladies and gentlemen…. congratulations! You’ve just looked into the future…
You’ve just seen something that will replace your PC in the near future.
In the revolution of miniature computers, scientists have made great developments with blue tooth technology…
This is the forthcoming computers you can carry within your pockets . This ‘pen sort of instrument’ produces both the monitor as well as the keyboard on any flat surfaces
from where you can carry out functions you would normally do on your desktop computer.
This idea has been around for some time though
But now, the light comes from the actual phone or PDA
I don’t think it will replace the Notebook as such, but in the future I can imagine that larger laptops will replce the desktop and the above computer might will replace the Notebook.
by Anton Howes
We’re all now familiar with the way the online exchange market eBay works. However, it should also be seen as an example of how unregulated free markets can work. In 2010, 90 million people from across the world, often unable to speak the same language, and totally unknown to each other due to adopted pseudonyms traded $2000-worth of goods every single second.
Without any government input when it came to advertising standards or fair trading, or any of the usual regulations we see with conventional off-line markets, a whopping 98% of trades managed to get a positive rating. This shows that trust can be built between and amongst people who will never meet, and may even conceal their identities.
You may argue that this is simply because of the rating system, something put in place by the eBay designers, and that this provides a justification for a similar government scheme. But then eBay, like all other markets is entirely voluntary – we buy at our own risk but try to reduce it. Even if eBay had not built in its own ratings system and provided free Buyer Protection, the huge demand for these services would have prompted someone to design them in any case.
Whilst government may wish to get involved, the chances are it would be a waste of taxpayer money, and would displace both consumer wariness and voluntary approaches more open to innovation. Furthermore, regulations always respond to the last disaster. But consumer ratings are likely to be more immediate and effective, whilst also changing seller behaviour without the need for intrusive or expensive top-down rules governing everyone else too.
Read the full article at The Adam Smith Institute
My own monika is “ampers” on eBay and I have traded 158 times with a perfect 100% record.
I am often asked why I moved over to Linux from Windows. A question which is difficult to understand when replied to verbally, but a little easier when written down. A few years ago I had a wonky hard drive and kept on having to reformat and reload Windows. After I had done this a few times I received a message on my screen asking me to ring a number (Microsoft’s) immediately.
The guy on the other end introduced himself as Microsoft’s fraud department and demanded to know why I had tried too many times to use the same disk to load up Windows. I was furious and called him a few names and told him I had trouble with my hard drive. He wanted to know where I got the disk.
I suddenly saw how I could have some fun at his expense and said a lady in a London club gave it to me. He became very alert and asked me details of the person. I gave her name and a Reading phone number which he wrote down and suddenly he said, but that’s a Microsoft head office number in the UK. Yes, I said, I am an IT Journalist and she gave it to me at a Microsoft event in London and if he’d prefer, I could scrap this disk and get her to send me another one. He then grudgingly gave me a code to enter into my computer to release Windows. I was amazed that he believed me though!
But it got me thinking. I evidently hadn’t bought the software but the cost is expensive for most, and that this proved most windows products are only on loan, you are not entitled to do anything you like with them, as you wood a book for instance. Lend it to a friend or resell it. Similar to DRM and Music CDs, they are not yours, you have to obey the rules laid down by the music company. Even Kindle books for example can’t be lent to a friend, it has to stay on your Kindle.
It was then that I decided that I would never rent anything again. I would only buy products which were mine to dispose of how I wished. With music I had to be allowed to make up a backup copy and MP3 files for my portable music. I had to make this concession else I’d never buy CDs.
I flirted with several distributions of Linux and decided to settle down with Ubuntu as it seemed the best behaved. And two years on, I have never looked back. I have a choice of a single click download of 43,000 programs which automatically put themselves in the right menu on my computer, I have just counted the number of programs I use, it comes to just over 100! And, these don’t include the administrative files there to help you run the operating system.
Who should run Ubuntu? Not an easy question to answer, but at the lower end of the scale, if you just use your computer to use email, browsing on the web and word processing, then you should definitely seriously consider it. Get the following three programs for Windows or the Mac: Firefox Browser, Thunderbird email and LibreOffice. Google for them. Use them for a few months and, if you are very happy with them, change over to Ubuntu and load the same three programs into your computer and you are away. Easy Peasy! If you want to remain with windows, remember, the free LibreOffice reads, and saves to, Microsoft Office so you can avoid paying such huge prices for that program.
There are some good programs for editing photographs (Picasa from Google is available on all three systems) and music playing, cd ripping, video editing. And a terrific help forum where you get answers in no time at all. Look at www.ubuntu.com
Most other users would probably benefit unless they either use their computers for serious gaming, or Adobe’s more serious software – although “The Gimp” is almost as good as Photoshop and is available on all platforms.
A team of electrical engineers at Illinois University in the US believe their method will enable mobiles and laptops to run for up to 100 times longer between charges.
It focuses on changing the way a device’s digital memory works, as this consumes much of the charge.
At the moment mobile phone memories contain thin metal wires. Every time information is accessed, electricity is passed through them to retrieve the data.
The electrical engineers thought that if the size of the components used to store and retrieve the information could be reduced, so could the amount of electricity.
They have discovered a way of using carbon nanotubes – tiny tubes 10,000 times thinner than a human hair – instead.
The full article is in the Daily Telegraph
The following has been lifted unashamedly from Guido Fawkes website, Order-Order.com
On Saturday morning The Guardian decided to give UK Uncut a front page boost. The protestors managed to shut down three dozen of the 1,720 branches of Barclays bank. Surprised they found any branches to occupy given Saturday opening hours.
The gist of the shabby story was Barclays bankers are evil tax dodgers. The evidence was a hatchet job with the paper making the spurious claim that Barclay’s only paid 1% tax on their £11.6 billion profits. In arriving at a profit before tax figure of £11.6 billion, The Guardian has added the profit from the ongoing business (£4.5 billion) to profits from a disposed business (£726 million) and the gain made on disposal of that business (£6.3 billion) to reach a total of £11.6 billion.
What they chose to ignore however was the total tax take Barclay’s had to pay; payroll taxes, bank levy, non-recoverable VAT, employers NI, SDRT and so on. Over the weekend Tim Worstall and the FCA Blog tore chunks out of the piece:
The article compares the cash paid to HMRC in respect of UK corporation tax in 2009 (£113 million) to the profits generated by the consolidated Barclays group worldwide in 2009. In the UK, tax is paid in arrears, so 2009 taxes would relate to widespread 2008 losses, not 2009 profits.
Multinational companies such as Barclays pay tax in a number of jurisdictions. Generally speaking Barclays only pays UK corporation tax on profits it generated in the UK. Anything earned outside the UK doesn’t get taxed here. So it’s a howler to compare the UK corporation tax payment to the global consolidated profit. Most of those profits were taxed where they were made.
In 2002 (under Gordon Brown, Chuka), the UK government introduced the substantial shareholdings exemption, a corporation tax exemption for UK businesses disposing of a substantial shareholding in a part of their business. The idea was that businesses should be able to restructure their businesses without having to worry about chargeable gains implications. Barclays are heavily criticised by The Guardian for using it. The last time that Guido saw this being used was by the, err, Guardian Media Group to save themselves some £60 million of taxes in 2008:
“In 2008 GMG sold half of Auto Trader publisher Trader Media Group and made an exceptional (one-off) profit of more than £300 million. No tax was payable on the return from that sale because under UK law GMG qualified for SSE”
In 2008 The Guardian made £302 million in profits and paid no corporation taxes. The CEO, Carolyn McCall, was paid an £827,000 package. Yet we don’t see the UK Uncut crowd kicking up a stink about The Guardian’s tax structures or their fat cat pay and bonuses.
Over the weekend the Guardian editor Alan Rusbridger (half-a-million a year since you asked) tweeted about Barclay’s offshore holding corporations. Guardian Media Group holds hundreds of millions in assets in a Caymans Island domiciled offshore corporation.
Guido put it to the GMG press office that GMG has £223.8 million invested in an overseas/offshore hedge fund managed by Cambridge Associates which trades currency derivatives. They don’t deny it and have declined to confirm the fund’s structure for tax purposes.
Guardian readers seem to be under the illusion that it is owned by a not-for-profit charity. The Scott Trust was wound up in October 2008 and the Guardian is a for-profit-privately-owned media business, the well paid directors of which confirm in their annual accounts that they operate tax strategies in line with their fiduciary duty to the shareholders – just like any other business.
The old Scott Trust was set up in 1936 to avoid inheritance taxes and wound up in 2008 so that GMG could cynically exploit the SSE capital gains tax shelter to pay 0% in corporation taxes on their £302 million in profits that year. GMG claim that it was about modernising the holding structure, in fact it was a disingenuous cover for corporate venality.
For three quarters of a century the The Guardian has been shirking taxes, Guido has no problem with them acting in their shareholders’ best interests. The hypocritical cant from them however about others doing the same is beyond contemptible…