Slightly missing the point

But their individual sacrifice is a silver lining common to many first world war movies: in the absence of a larger and nobler purpose, the best soldiers can do is fight for each other, and hope to spare a life or steal a little bit of dignity and humanity.

The fighting for each other bit. That’s always what soldiers do. That’s why armies are set up the way they are, in sections, platoons, companies. To engender that community which is what is being fought for.

Never been quite sure whether the Spartan hoplites all fighting alongside their gay partner was true or not but it’s the same idea. Very few indeed will risk their lives for King and Country but set it up right and many will for the band of brothers.

There’s something wrong here

Can’t quite work out what it is:

British leather jacket brand Belstaff is dependent on the goodwill of billionaire owner Sir Jim Ratcliffe to survive, its auditor said after the heavily indebted firm posted a £48m loss.

The 110-year-old firm could struggle to operate without a financial lifeline from parent company Ineos, auditor KPMG said when signing off its books. Chemicals giant Ineos is owned by Sir Jim.

Accounts filed this month with Companies House show Belstaff’s losses narrowed to £48m during 2018, compared with £62m a year earlier.

Sales also fell slightly, down from £31m to £30.5m during 2018 after the firm closed a store at Westfield shopping centre in west London.

Sir Jim’s a canny guy and he’s certainly rich enough to be able to carry the losses of his favourite leather jacket maker.

It’s also, possibly and vaguely, for a company turning over £30 million odd to lose £48 million in a year. Something horrendous must have happened bu it can happen. But £100 million of losses over 2 years from £60 million turnover?

I think even Sir Jim would find that a little expensive for a side pocket luxury.

Summat’s wrong here. And the thing that’s wrong is that the company’s, financially at least, a right dog. Negative gross margins on their sales meaning that the entire overhead and plus some is loss.

That might be valid for a start up but something that been’s around a century?

Well, yes, suppose so really

And so we end up with, for example, the vast amount of effort that has been dedicated by the profession to accounting for derivative contracts when (let’s be honest) there is no such thing as a derivative beyond its contractual form.

It also being true that there’s no such thing as a company beyond its contractual form. Which is why it’s impossible to tax them of course.

Not that this has ever stopped Snippa.

Qualifications, eh?

This is my last column. After 26 years as a staff writer and 20 years – on and off – as a columnist, I’m leaving the Guardian. In April, I take up a post as professor of sociology at Manchester University.

The academic background is, umm, what?

Or are the two, Guardian columnist and professor of sociology, the same thing?

Interesting

The email accuses News Corp papers, including the Australian, the Daily Telegraph and the Herald Sun, of misrepresenting facts and spreading misinformation to focus on arson as the cause of the bushfires, rather than climate change.

The email was sent by Emily Townsend, a commercial finance manager at News Corp,

Commercial finance managers are experts at climate change, are they? Know what the editorial line should be better than the editorial staff?

Logically and sadly so

Boris Johnson has said that Iran shot down the Ukrainian passenger plane in Tehran after Western intelligence agencies concluded that the downing of the jet was most likely an accident.

US satellites reportedly picked up two surface-to-air missiles being launched shortly before the accident and US officials suspect there are missile fragments near the crash site where all 176 passenger died.

After all, planes don’t normally just fall out of the sky.

Well, actually, we used to say that about Boeings, but now…..

All most amusing

We know the mantra. Bosses aren’t worth that much so the bastards shouldn’t be paid a lot. copyright The Guardian and all such points left.

John Lewis is not in a crisis – it has failed to adapt
Nils Pratley

The department store chain needs fresh thinking – its incoming boss may just provide it

Oh. Bosses are important, are they?

The phrase “substantially lower” than last year’s £115m probably implies a profit figure as thin as £50m. Two years ago, the department stores made £258m. In those circumstances, the exit of Paula Nickolds, boss of the department stores, was inevitable.

And the boss gets kicked if they don’t do the important things?

Hmm, mebbe that idea about the pay needs rethinking?

No royals, no vermine

Pity he didn’t think of this before:

What is the future role for the head of state in whatever the UK might become? That is a question that needs to be asked. And at the same time the question as to who might have that role, and why, needs to be addressed. The assumption that it should be a royal seems, to me, to be naive.

As for the reason we do have a Royal someone, somewhere, has to pin the VC on people. And we’d prefer Chuckie or President Spud?

Site Problems

On Tuesday we added an SSL certificate so you get the green lock (nearly wrote cock!) symbol in your browser meaning TimWorstall.com is now secure. We just want to steal your data, cash and voting intentions…

We also doubled the ram and processing power of the server so hopefully it’s quicker to access.

If the site still looks a bit broken clear you browser cache.

 

 

Lots of headaches about

Half of British women ‘have poor sexual health’

??

Ahhhh:

The computer models generated two extra categories for women. The first was predominately characterised by having a “low interest” in sex – the most common form of sexual dysfunction in women – and comprised 29% of women surveyed.

That’s what giving up on colonialism has done to us. No point in lying back and thinking of England any more, is there?

Ex-Army Captain looking for job

And, well, anyone know how good an actress she is?

As with Worstall’s Law of Acting, if they’re fugly they can. She ain’t, so the question has to be asked, can she? For if she can’t then there’s a natural end to the career path.

So, what jobs do we think they might get?

This seems a bit unfair

Shamed stock picker Neil Woodford and his partner pocketed more than £3 in every £10 of fees paid by investors even as his funds careened towards disaster – sparking calls for a crackdown on massive profits in the industry.

The fees are actually for that skill as stock picker. OK, turned out not to be all that great but still, that’s what the fees were for.