Umm, yes.

Wendy Watson MBE, who was also a trustee, was paid from the charity’s £909,634 budget. In total £874,539 was set down in the charity’s accounts as “fundraising expenses and other costs”, with just £27,403, or 3 per cent, left over for charitable activities.

This is a test which not quite all of those political charities would pass all that well, isn’t it?

How many kids does Barnardos actually aid these days, instead of calling for more aid?

Blithering nonsense

An American rival — Cincinnati-based Vantiv — has launched a £9 billion takeover bid. Although 5,000 UK jobs are at risk, it seems that Worldpay bosses, led by former CBI president Sir Mike Rake, have succumbed with barely a murmur.
This supine cave-in typifies the attitude of our political and business elite.
They seem totally unconcerned at the speed with which British high-tech firms — built by the scientific and engineering skills of some of Britain’s greatest brains — are falling into the ravenous maw of foreign firms.
With Brexit on the horizon, the timing could not be worse.
Instead of stopping our national assets and technological genius being stripped, employers’ groups such as the CBI — who were used as puppets for the Cameron government’s cynical Project Fear — should now be straining every sinew to protect Britain plc.
This is why the fate of Worldpay — Britain’s largest and most profitable financial technology (‘fintech’) group — is so vitally important.

Dunno who is paying for this but all the signs of a bit of financial PR.

The bit being missed is that the company does not belong to Britain it belongs to the shareholders. Who are getting 9 billion spondoolies for their troubles.

Well, yes, obviously

British savers have missed out on at least £90 billion by keeping money in savings accounts rather than investing in shares, a leading think tank has said.

The Social Market Foundation has warned that low rates and rising inflation means that savers are losing money by keeping it in cash accounts.

Its report, entitled “Saving Better”, warns that risk-averse savers could be devaluing their own money by trying to keep it safe in low-risk bank accounts instead of investing in the stock market.

Not that the professor of practice will agree.

However, it is risk adjusted return that we’re supposed to consider, isn’t it?

Welcome to the corporate world honey

The problems began soon after she was appointed Europe regional editor, after eight years of outstanding performance and appraisals, court documents allege. The suit alleges that Time’s foreign editor appointed Matt McAllester, a younger male colleague, as her deputy, without an open selection process and in violation of promises that she could choose her team. Mayer says McAllester began a campaign to undermine and supplant her, even though she repeatedly raised complaints.

Ultimately, Mayer claims, the company took away her responsibilities as Europe editor the year after she took on the position, then forced her to relinquish the title, which the company gave to McAllester. In April 2015 she was fired.

The suit, filed on 24 July, said: “Time has violated [anti-discrimination and civil rights] laws by operating a system of male cronyism, by which men, especially former war correspondents, were favoured over women in recruitment, dismissal and promotion decisions.”

That’s rather how the upper echelons in any large company work. It’s not particularly male either.

Perhaps they just wanted it to rain by leaving it at home?

In China the sharing economy seems to have met its match after a startup that rented umbrellas in 30-minute blocks lost nearly all of its stock in just three months.

The company Sharing E Umbrella required a deposit of £2.20 per umbrella and charged about 6p for every half an hour of use, deducted from a minimum top-up of £1. Each GPS-enabled umbrella cost the company about £6.85.

You’ll have to do better than this Tom Watson, you’ll have to do better than this

That can’t be allowed to happen this time. The Competition and Markets Authority must conduct a thorough review of the proposed Fox takeover, taking all the time it needs to assess its likely impact on the provision of news and entertainment in the UK. The deal would make the UK’s dominant media company – which has a near 35% share of the newspaper market – more dominant still.

The papers are owned by News Corp. The bid for Sky is from Fox.

They really are separate companies you know.

This was always likely, wasn’t it?

The Australian law firm that bought Quindell’s legal business in a disastrous £637m deal has claimed that the controversial British company misled it over the prospects of the personal injury cases on the books.

Slater & Gordon was crippled by the ill-fated 2015 acquisition and earlier this month served Watchstone, as Quindell is now known, with a High Court claim seeking to recoup all of the money it spent.

Court documents obtained by The Telegraph show that central to Slater & Gordon’s lawsuit is an allegation that Quindell made fraudulent misrepresentations about the dilution rates at its so-called professional services division (PSD).

Dodgy, dodgy, all the way through.

Not a great understanding of capitalism here

The impact of the Whole Foods acquisition has already been dramatic. After the deal was announced, the value of Amazon’s stock went up by more than the purchase price, which means the deal paid for itself. The value of Amazon’s closest competitors, including Target, whose stock dropped by 10 percent, and Walmart, whose stock dropped by 5 percent, fell by an even larger amount.

This is not what is supposed to happen. Amazon’s stock is supposed to drop with the acquisition of a troubled company.

Err, why?

Something which increases the value of Amazon should make the stock price rise, something that diminishes it fall. Very much he majority of corporate purchases destroy value for the purchasing company thus the general observation that the stock price of the acquiring company falls. But there’s no “should” about it, it’s just a general observation. If it is though that this deal will boost Amazon profits then the price will rise. As people obviously do think because the price has risen.

How the hell does the US work these days?

Just tried to find out some stuff. How do I get translation rights to some media stuff. But it’s an odd request, not standard at all.

And no one at all ever answers a phone anywhere. You must know the name of the person you want or you’re not going to get anywhere. General numbers simply don’t get answered at all. And sure, standard requests are well handled by ‘bots. Tell us the name of the piece you want, what you’re going to do with it, the website will send you a quote. But obviously that cannot handle anything non-standard.

Given that you can’t ever get hold of a human who does know how to handle non-standard, how does non-standard ever get done?

Ahahahahaha, Ahahaha, it was the vacuum cleaner at BA!

The incident is thought to concern an uninterruptible power supply (UPS) which delivers a smooth flow of power from the mains, with a fall-back to a battery back-up and a diesel generator.

This week BA’s parent company, International Airlines Group (IAG) admitted that the supply to Boadicea House, a data centre, was temporarily lost. An internal investigation found that the UPS, believed to have been supplied by Hitec Power Protection, was functioning correctly at the time.

One BA source said it was rumoured that a contractor doing maintenance inadvertently switched the supply off, although this has not been confirmed.

An internal email from Bill Francis, head of group IT at IAG, appeared to confirm this version of events. The email, leaked to the Press Association, said: “This resulted in the total immediate loss of power to the facility, bypassing the backup generators and batteries . . . It was turned back on in an unplanned and uncontrolled fashion, which created physical damage to the system.”

Snigger.

So, construction is now soldiering, is it?

The construction firm Mears has banned its workers from having beards, citing health and safety grounds.

Staff were told of the decision at a “tool box talk” in Tower Hamlets, east London, that beards were now banned so that workers could “wear appropriate dust masks effectively”.

Mears has said workers need to be clean-shaven in order to be safely fitted with a tight-fitting face mask when working in dusty environments, and exceptions are only made if a worker can’t shave or a mask cannot be worn for medical or religious reasons. But for the company to allow this either a medical certificate or a letter from a place of worship must be presented.

Can we say elfnsafetygonemad yet?

Hhhm, yes, but, umm, no

In BA’s case, the UPS in question delivers power through the mains, diesel and batteries.

On Saturday morning, shortly after 8.30am, power to Boadicea House through its UPS was shut down – the reasons for which are not yet known.

Under normal circumstances, power would have been returned to the servers in Boadicea House slowly, allowing the airline’s other Heathrow data centre, at Comet House, to take up some of the slack.

But, on Saturday morning, just minutes after the UPS went down, power was resumed in what one source described as “uncontrolled fashion.” “It should have been gradual,” the source went on.

This caused “catastrophic physical damage” to BA’s servers, which contain everything from customer and crew information to operational details and flight paths. No data is however understood to have been lost or compromised as a result of the incident.

BA’s technology team spent the weekend rebuilding the servers, allowing the airline to return to normal operations as of today.

Umm, they didn’t have a 100% mirror, entirely redundant back up, system on another site, on another power supply?

They didn’t?

Oh….

Well now, fancy that!

The world’s top five technology companies are minting millionaires at an unprecedented pace, handing out stock awards that are more than 60% higher on average than the bonuses for workers in Britain’s financial services industry.

Apple, Amazon, Microsoft, Facebook and Google’s parent Alphabet doled out a combined $20bn (£15.4bn) in share payouts last year, on top of the techies’ salaries, according to an analysis of stock market filings.

The tech industry’s elite all enjoyed increases in their share prices last year, helping them to displace former stalwarts such as Warren Buffett’s Berkshire Hathaway and Exxon Mobil as the world’s most valuable public companies outside China. Apple is ranked No 1 with a market cap of about $770bn, followed by Alphabet, Microsoft and Amazon, with Facebook at No 5 on $435bn.

The $20bn bonanza equates to $29,850 for each of the quintet’s 670,000 employees. Last year Britain’s bankers and insurance workers took home £13.9bn in bonuses, an average of £13,400 per employee.

Global industry pays more in bonuses across the world than the one country sector of a global business.

Next they’ll be telling us that Google paid less in bonuses in the UK than it did worldwide.

Writer’s Guild of America strike, saving the middle class

To read the Hollywood trades, we in the Writers Guild are somehow simultaneously aristocrats and agitators, overpaid radical dandies. One thinks of Dalton Trumbo jawing about Marx as he swills cocktails by the pool.

The reality is less romantic. I schlep my kids to public school in a Subaru full of loose Legos and half-crushed Goldfish crackers, then spend the rest of my day in a constant hustle, inventing and pitching in and out of writers’ rooms and producers’ offices. I love my job and I’m lucky to have it. But even after five years, writing on great shows and making work of which I’m proud, I have to worry about every paycheck. And my story is typical.

Yup, poor little writer

But the alternative was even scarier: the permanent end of the middle-class Hollywood writer.

Jeebus.

Their old contract gave them $60,000 minimum for a 30 minute script or $5,000 a week for working as part of a team.

Middle class…..kiss my hairy arse.

Not quite how I’d describe it myself

Jimmy Choo has put itself up for sale as part of an evaluation of its future.
The British luxury brand, which specialises in shoes and accessories, said it was to conduct a review of various strategic options to “maximise value for its shareholders”, including the possibility of a sale.

Because what is being said there is “We hope we can find some other bugger who values it more than we do”

As I said, everything United does will be suspect now

An engaged couple were removed from a United Airlines flight to Costa Rica on Saturday, as the airline remained under scrutiny following outrage caused by a video last week of a passenger being forcibly removed from a flight.

Seriously, everything trivial:

The statement from a United spokeswoman said the airline offered the couple a discounted hotel rate for the night, and rebooked them on a Sunday morning flight.

But Michael Hohl and his fianc, Amber Maxwell, told KHOU they tried to pay for upgraded seating and were denied, after finding another passenger sleeping across their seats when they were the last to board.

After moving within the economy cabin a few rows up, flight crew denied their request to pay a supplement for the seats, which United sells as “economy plus”, and told them to move back to their original seats, Hohl said.

“We thought not a big deal, it’s not like we are trying to jump up into a first-class seat,” Hohl told KHOU. “We were simply in an economy row a few rows above our economy seat.”