Slaves to Your Wealth

There have been many great fortunes created since the millennium began. I suppose we should congratulate those who have made great fortunes, but forgive me if I am less than congratulatory. Balzac said that behind every great fortune stands a great crime. I am not sure if that applies to most great fortunes but I expect that it applies to the vast majority of them. Continue reading

Bitter Times Ahead

The equinox has passed, summer is well and truly ended in London and although we might enjoy some cool sunshine, the days are drawing in and we must prepare for winter. In London most are poorer than they have been for many years and most of the children will enjoy a less safe and less prosperous life than their parents lived. Continue reading

Freezing Energy Prices

The price of energy is a problem, partly because people in the United Kingdom are not used to paying high energy prices and partly because the price increases have continued while household incomes in real terms are falling. Continue reading

Climate Change

The Intergovernmental Panel on Climate Change’s report has just been published. As is the way these days snippets have been released before publication and the headline is that the scientists say that they are 95% certain that climate change is mainly, or dominantly caused by human activity.  Continue reading

Governments Waste Money

Governments waste money. When you work to earn your living and out of your work you pay your taxes, whether on the amount you have earned of whether from the things that you buy with the fruits of your work, you must accept that the share of your time – around 42% – that you pay to the government, will be used for the common good, but a significant part of it will be wasted. Continue reading

A Million is a Large Number but…

A million is a large number. If you counted a million taking a second to count each number it will take you more than twelve days. But words are not numbers; they cost time but the cost is not expensive and affordable by almost everyone.

The daily post has become a habit. Continue reading

The Change of Pace in the Economy

The economy is apparently changing reasonably quickly as each new set of statistics shows a small improvement on the last set of economic statistics, but we must be careful not to confuse the pace of change with a change of pace. Continue reading