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If QE Was Withdrawn....
Comments
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Glen_Clark wrote: »And when he sold our Gold at the bottom of the market I can't remember anyone critising him for it at the time.
Hindsight always comes cheap.
Oh, there were plenty of people criticising at the time (maybe you don't read the right newspapers) There was also criticism of the fact that the planned sales were announced several weeks before they happened giving the market had plenty of time to fall in anticipation of an increase in supply.0 -
The hidden camera job on Tory MP Patrick Mercer OBE showed him accepting money to support an Unelected Dictatorship with an Appalling Human Rights Record. What could be more sleazy than that?
So there is nothing I can put past them.
Including leaving a poisoned chalice for their elected successors.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
BristolBob wrote: »That article does not talk about bonuses. The move to PRP does not mean bonuses in this instance. It means that progression will be linked to performance. Given that school budgets are fixed, with little scope for performance to add (directly/indirectly) to the coffers, PRP will be something of a joke.
Teachers presently get "increments" don't they? Obviously the idea is to link those to how good the teacher is, rather than how old they are, using the same budgets.
It's still a rubbish idea. You can't measure a lot of the stuff that matters, and you can't measure what matters without people gaming the system.
It hasn't worked in the NHS where mortality stats have been dramatically improved by changing the way deaths are recorded.
Royal Bolton Hospital
Staffordshire enquiry
There is no depth to which some people will not stoop when they are put under enough pressure and the measurements become worthless and counterproductive except in the simplest of processes, which neither teaching nor medical care is."Things are never so bad they can't be made worse" - Humphrey Bogart0 -
and plenty of time for people to have funds available to bid?Old_Slaphead wrote: »criticism of the fact that the planned sales were announced several weeks before they happened giving the market had plenty of time to fall in anticipation of an increase in supply.
If you are going to auction something isn't it normal to advertise it in advance to attract buyers to your auction?“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
BristolBob wrote: »You heard wrong.BristolBob wrote: »That article does not talk about bonuses. The move to PRP does not mean bonuses in this instance. It means that progression will be linked to performance. Given that school budgets are fixed, with little scope for performance to add (directly/indirectly) to the coffers, PRP will be something of a joke.
PRP, if adopted, will not be joke.
It's prime purpose will be to restrict pay, budgets and entitlements under the banner of improving performance.
As it is a zero sum game for someone to win there will be losers.
If introduced , once working, the next step will be to "top up" the "high performers" the question still remains will that be pensionable.
I don't agree with it, in this type of environment BTW. In fact I don't particularly like it at all because it invariably drives the wrong behaviours."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
redbuzzard wrote: »There is no depth to which some people will not stoop when they are put under enough pressure and the measurements become worthless and counterproductive except in the simplest of processes, which neither teaching nor medical care is.
It isn't just restricted to these tsort of roles where behaviour chases the money for the individual or group, rather than the best result for the client/patient.
Whatever checks and balances are put in place the £ becomes the driver."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
redbuzzard wrote: »I agree it's a rubbish idea. We know from experience that the best way to keep houses affordable is not to throw around 95% mortgages.
This could really backfire actually, because it applies only to new build. So the house is likely to be "worth" more as new build than it will be when you've bought it, which would virtually guarantee negative equity from the off.
Why did he not speak to me before he did it?
Even more damaging its gambling taxpayers borrowed money to inflate house prices, which are inflating both in and out of work benefits - paid by the taxpayer. As well as tying up money in houses that is needed to invest in industry, and making it too expensive for people to move to where the jobs are. Its by far the worst idea I have ever seen from a Chancellor.:mad:“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »and plenty of time for people to have funds available to bid?
If you are going to auction something isn't it normal to advertise it in advance to attract buyers to your auction?
Many commentators suggested that as, at the time, gold prices were at around a 20 year low, it was not a good tactic to announce the planned sale of shedloads more into an already depressed market.0 -
Old_Slaphead wrote: »Many commentators suggested that as, at the time, gold prices were at around a 20 year low, it was not a good tactic to announce the planned sale of shedloads more into an already depressed market.
With hindsight it was an awful time to sell, no doubt about that. (although plenty of newspaper columnists were advising selling gold at the time)
But, that aside, I don't think its normal to auction something without advertising it in advance?
In any case the direct and indirect taxpayer losses on Osborne's Sub Prime 2 Mortgage Sale will make our losses on Gordon Brown's Gold Sale look like small change...“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
redbuzzard wrote: »There is no depth to which some people will not stoop when they are put under enough pressure and the measurements become worthless and counterproductive except in the simplest of processes, which neither teaching nor medical care is.
Lots of studies show that money doesn't improve performance in tasks that require even basic cognitive skills. It only works for mechanical tasks e.g. factory work.
Interesting talk here by Dan Pink who argues you only need to pay people enough to let them forget about money. Then give them a purpose, give them autonomy to fulfil that purpose and give them the chance to master what they do.0
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