* Posts by LucreLout

2166 posts • joined 30 Jun 2014

Capita: We are seeking staff to join our board. Just two please

LucreLout
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Arf arf, well done crapita

I'm proud that Capita will be the first company in decades to appoint employees to its board

At first, I'm thinking ok, which board? And which board meetings do they attend? Surely contentious stuff will just move to the pre-meeting or post-meeting where the plebs won't attend. But no, read on and this gem awaits...

The new members will be paid the same annual fee and expenses as other non-exec directors: £64,500.

In essence then, get paid 4 or 5 times your market rate for an opportunity literally no other employer will ever give you, and in return all you have to do is play nice. That, and hope the shareholders don't vote you down at the next AGM.

I can only imagine the giggles when this little agenda item came up at the last board meeting.

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Oz opposition folds, agrees to give Australians coal in their stockings this Christmas

LucreLout
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Re: Who appoints & pays the 'experts' ?

probably over 70 years old, tech aware

Age has nothing to do with awareness of tech or otherwise. Who is it the millennials think invented the tech they take for granted?

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How the mighty have fallen: Anglian Water knocks Google off perch as UK's best workplace

LucreLout
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Joke

Re: Major companies only?

My employer (me) has an office ten yards from my front door. No fuss if I'm 'late' in. Great coffee and use of fridge for snacks whenever. No problems with bringing my cat to work. Holidays whenever I like. The right to turn down jobs I don't like the look of. Only downside is the wages, but money isn't everything. That beats all the ones mentioned.

It's just a shame your boss is an asshole.

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UK taxman told to chill out 'cos loan charge is whacking tax dodgers and whoopsies alike

LucreLout
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Re: @DavCrav

Bollocks. EBTs were the subject of loophole legislation since at least 2010. It's just that the legal rulings and multiple appeals have taken this long. So HMRC have been saying 'this is tax fraud' for at least eight years of that decade. Now there are legal judgments that say 'yes, it is tax fraud'. Pay up.

DavCrav and I agree on little, most especially when it comes to matters of tax. I'm perfectly peachy with tax avoidance (not evasion), whereas I suspect DavCrav is less at the "all is well" end of the spectrum of avoidance. However, on this we actually agree. These schemes, no matter who used them, were transaprently obviously about evading tax and those now caught should rightly be paying the bill and the penalties.

No IT contractor should be hiding behind the sick and the lame on this one. Get out front and centre and accept that you tried to evade tax and got caught. Man up, as the phrase goes. You're not some minimum wage imbecile who didn't know what they were signing, you were well aware and perfectly capable of finding out, that these schemes were not avoiding anything, they were evading it.

Again, no legitimate tax pro would have been pushing an EBT for someone whose primary income derived fromt he UK while they were ordinarily resident here. Footballers & movie stars who make image rights internationally etc, yes, maybe. But not someone working a normal job.

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LucreLout
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Re: also Christa Ackroyd

I'm pretty sure everyone will try to maximise their income. Some will do it legally, others illegally. The problem is when the employers say there's nothing immorral about it.

Tax has a legal component to it, but never a moral one. Your moral framework is different to mine and mine is different to the next blokes. So it goes. Thus there can never be a moral component to tax.

Tax gets spent on things one person may fundamentally diagree with, that another person may strongly support - nulcear weapons or the NHS spring to mind. It can't be immoral to avoid giving money for something you have moral objections against. Thus, there is no moral component to tax - only what is legally due is legally due - the art is to know where the line between avoidance and evasion lies.

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LucreLout
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Re: And care workers, supply teachers, couriers...

A lot of minimum-wage and zero-hours workers have been forced into these and similar arrangements so their employer can avoid/evade national insurance and similar.

No they haven't. EBTs cost money to run. Granted, not enough money to indicate competence, but money nonetheless.

Minimum wage isn't worth avoiding tax on. Some companies using a lot of gig economy staff may insist people incorporate, but that isn't to slim down on NI contributions, it's to avoid an employer-employee relationship in which employment rights exist.

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LucreLout
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You get what you pay for....

others who felt they had been incorrectly caught in the net of tax rules, such as IR35, thought they might be a legitimate way of paying the right amount to the taxman.

No they didn't. Literally only an idiot could possibly have consider that these tax evasion schemes were a legitimate way of paying the right amount of tax. The whole advertising premise of them was to avoid paying tax and how much tax you could save. Anyone claiming they thought it a legitimate way to pay the right amount of tax is too stupid to be in charge of their own financial affairs and must be made a ward of court.

These include things like an Employee Benefits Trust – which is used by businesses to receive a tax deduction and pay funds were paid to employees as non-taxable loans.

Anyone using an EBT to evade tax should rightly expect a stiff penalty and back taxes applied to the start of the trust. These were transparently obviously designed to evade tax rather than avoid it. The whole idea was to change taxable income into non-taxable income. Anyone claiming ignorance of this cannot be rightly considered to be in full charge of their mental faculties, or a fit and proper person to manage their own finances.

He emphasised the UK tax collector should tackle tax evasion and aggressive tax avoidance

That is what they are doing in this instance.

I'll be the first to admit the tax avoidance industry doesn't have a great reputation - some dislike it morally, others because there's too many cowboys slinging evasion schemes such as those detailed in the article. There isn't a single tax-pro would credible claim they didn't expect some, most, or all of the EBT schemes to get called in, and given Gordon Brown introduced the retrospective tax legislation when he was chancellor, few who can claim they were unaware of it or its intended use.

I dislike most taxes and consider the tax burden far too high for a productive economy (you can't tax your way into prosperity), however, tax evasion is illegal, and in terms of reducing the tax burden, unneccessary. People caught in these schemes were allowing greed to trump reason, and they have been caught. I'm sorry to say that I have no sympathy. Tax arbitrage isn't intended for retail, you need to involve expensive international components if you're going to do it properly (legally and so you don't get back taxed later). Avoiding taxes ordinarily incurs a loss rate of up to 10% plus fees, if you want a simple structure that keeps the fees low. Anything promising near 100% returns is obviously dodgy.

I work in the field, so I'm no lefty "all property is theft" type, but seriously, anyone claiming they thought this was avoidance not evasion is living in a fantasy land.

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Naked women cleaning biz smashes patriarchy by introducing naked bloke gardening service

LucreLout
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Re: Let the comments begin...

Careful with that hedge trimmer...

Surely, in a country infested with redbacks, funnel webs, and all sorts of snakes (stop it!), the safety elves will require some form of appropriate clothing for gardening?

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Millennials 'horrify' their neighbours with knob-shaped lights display

LucreLout
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Re: Bah!

I wonder whether you would agree that, for instance, daubing racist graffiti on someone's door, in human excrement, would be deliberately causing offence

It's criminal damage for sure, but ultimately while the offender hopes the victim to be offended, only the victim can choose to be so. It's not within the offenders gift to ensure.

you'd have a hard time defending that position in front of a magistrate.

Quite rightly so, but not because of any offense the victim perceived, but because it's a clear cut case of criminal damage, which is what you'd actually be charged with.

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LucreLout
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Re: Bah!

can cause offense

Offence can never be caused; it's a choice the offended person always makes to be offended. I can't possibly know what you might find offensive vs the next snowflake in line, so it's really up to you to choose not to be offended by things.

That we've allowed ourselves to be driven so far down this utterly barking mad road of allowing "you" to retrospectively flag something that offends you when it's too late for me to not say it and was previously unknowable to me that you might choose to find it offensive, is the biggest risk to society we face. Once everyone chooses to be offended all the time, in a game of oversensitive oneupmanship, then no progress will be possible.

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LucreLout
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Well done students...

.... I can see why you thought this was funny, because I think it's funny.

Yes, I possibly should have grown up by now, which is certainly my wife's view after overhearing me explaining to our youngest why boys _always_ find fart jokes funny, no mater how old they get.

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LucreLout
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Coffee/keyboard

They should go the whole six inches and have window displays with "LE TITS NOW". That'll put it up 'em!

Thanks for that. It's completely ruined another Christmas radio classic for me, but somehow it seems worth it.

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YouTube fight gets dirty: Kids urged to pester parents over Article 13

LucreLout
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Of cause not, more likely they block your son from the site and restrict EU residence from using it, you are going to have fun then!

The children would get over it. Even the best TV series come to an end one day.

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LucreLout
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Same as this bloody subscribe to Pewdiepie bollocks.

After their little tantrum on here earlier in the week, I've voted the other way and subscribed to t-series. I still don't know or care what they do as I'll not be watching their videos either way.

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LucreLout
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Re: actually driving a teenager to threaten suicide?

well, that little emotional outburst must've been a cry for attention.

Presumably social services will be scheduled for a visit, along with a shrink. Her poor parents must be mortified, worried, and thoroughly embarrassed.

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LucreLout
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Re: Isn't it bad?

72k employees at £18k salary is £1.3 billion a year.

Just hire cheap offshore staff instead. Hell, you could monetize it and sell preview access to the millennials who'd sign up in droves to watch such utter garbage before anyone else had seen it.

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LucreLout
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Re: Isn't it bad?

No that isn't sufficient, they will need humans to watch each video before it can be put on Youtube.

I must have missed that part of Article 13. Please can you provide a citation?

If a law is impossible to follow then it is a bad law, what if we made a law that required drug companies to cure cancer in the next 12 months and then prosecuted them when they failed to do so, would you still say 'well they should have followed the law'.

You're assuming they'd fail at the challenge. There's simply no way of knowing for sure what would happen if the entire industry was forced into a farm bet on a single outcome - certainly more progress would be made more quickly than in any other scenario.

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LucreLout
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Re: Isn't it bad?

Article 13 will require Google to watch and vet every video before it can be put on Youtube, that is impossible for Google to do, they simply can't afford to hire enough people to do that.

I'm not sure which of your misunderstandings to correct first....

Ok, the money one, because its easiest. Google can afford to hire enough people to vet the content in real time - they make billions upon billions of profit per year, while employing some of the smartest people on the planet, and that is why I am a Google shareholder.

3,504,000 hours per year roughly if they vetted everything, but they don't need to because inane annoyances such as most of their contributors don't upload copyrighted material - they upload (un)original nonsense.

The amount of material that would need to be viewed manually is tiny. You've assumed there's no technical solution when there is - shazam manages to identify music mostly accurately and so you can clearly have a bot scan the audio at upload time. Same thing for the video data.

The solution is readily automatable, its just that Google doesn't want to do it - presumably to protect its collective interests; legislators are well known for salami slicing their way towards what would have been an unachievable goal if asked for in one lump, so the only way to resist them is to fight against every slice.

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EU tech tax talks teeter on brink – reports

LucreLout
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The purpose of unilateral action is to encourage the OECD/G20 to get their finger out. If nobody says we're going to do it anyway, the Americans can keep stalling and nothing gets done.

Last time this thread came up I explained at length why nothing (positive) is going to get done with the DST or rEU variants. Only an OECD level setup might work. That post is quoted at the bottom of my reply.

There's already so many loopholes in the DST proposals that those of us in the field are already so confident that we can structure around it that our only concern is the cost to the country of trying to make it work and inadvertently walloping domestic firms that were never the intended targets.

Any content publisher (Oxford press etc) will have content, a search engine, and users. They're far more likely to be hit with DST than Google is.

We will literally be spending a lot of money developing and trying to collect this tax, and we'll never raise more than it costs us. It's a waste of money on political engineering.

----------------------------------------------------------------------------------------------------------------------

Some facts:

1. DST is only intended to run until OECD/G20 tax comes in.

2. DST is in consultation with a 2020 implementation date.

3. OECD is in consultation also with a 2020 implementation date.

4. DST has a "safe harbour" exemption for those of a loss making persuasion.

5. There is no requirement to have a legal entity registered in the UK in order to have a web site accessible from the UK.

6. DST is intended to raise £400M

7. We have no means of determining how much Google makes from UK search Vs its Android division or any of the other letters in the Alphabet Soup.

Thus, we can determine the following opinions:

DST will cost the Treasury a lot of money (fact 1) and in all likelihood raise nothing because we'll implement OECD by the time DST is ready (facts 2 & 3).

Amazon won't pay a penny in DST because it makes a loss (facts 4 & 7). Google can probably restructure to achieve the same thing (facts 5 & 7). Apple might take a hit, but barely; we can't actually force companies to register for some type of self assesment by which we could calculate their DST if they don't require a physical presence here.

They're avoiding what is frankly a trivial tax split between even just the 4 main players (fact 6).

It makes for a good announcement but will in all likelihood either only raise revenue from unintended targets (How many web sites have a search feature that isn't google? Digital publishing step right up), or would in any case raise less than MPs spend on their pensions.

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LucreLout
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Re: Erm

You're also preaching to the wrong person, I'm a kind of socialist

There's only one kind of socialist: An idiot.

Socialism has failed everywhere and everytime it has been tried the whole world over. The only system that has ever actually lifted people out of poverty enmasse is capitalism. Capitalism works. Whatever replaces it won't be the intellectually and morally bankrupt failures of the past (socialism and communism).

capitalism doesn't work in it's current form

Capitalism is fair. One set of rules to the game and equality of opportunity for all. Equality of outcome (socialism) is not only a pipedream that can never work, but it is also deeply destructive, unfair, and frankly, highly undesireable.

Capitalism is why the western nations make up the richest portion of the world. Socialism and dictatorships are the primary reasons the rest of the world is poor.

or are we going to talk about the non-existent trickle down economy?

Yawn. This. Again. Trickle down economics does not mean that because I may be a millionaire this year, you will be a millionaire next year, without making significant sacrifices and effort.

Trickledown economics means that because I earn whatever I earn then spend some in a restaurant, the waiter, chef etc all get to earn whatever they earn. Further, that because of hedonic regression, the lifestyle available to you on an average wage is likely to be better in places than the lifestyle available to yesterdays rich man - in door plumbing was not available at any price 400 years go. Todays Fiesta with Mountune pack is faster, more reliable, and more practical than the rich mans Ferrari of the early 80s.

I realise this is directly in opposition to whatever your union rep may tell you, but there's a reason why they're a union rep and not working in a very successful (and lucrative) career in the City. I understand this stuff a tad better than they do.

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LucreLout
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Re: Erm

Should we pay tax while corporations shift it around and pay none or move it to a country with the lowest rate?

In the really real world, where people are fundamentally competetive rather than cooperative, then what we should do is lower corporation tax to increase our slice of the global pie. Counterintuitive as it may be, from where we are on the laffer curve, the only way to increase the tax take is to lower taxes. Squeezing harder just chokes the life out of the economy, which is what we've been witnessing this past decade or so.

If the government is misusing it then that's up to us as the electorate to sort that out.

Unfortunately the electorate won't, because the don't understand economics or finance. On average, the electorate are stupid.

Regardless unless all EU tax laws are aligned it will never work and that's not going to happen.

What possible benefit do you see in aligning EU tax laws? Absent global cooperation, the only way to increase your corporation tax rates isn't with more aggressive collection, it's with a globally competetive rate. Even if all the EU aligned, people would still funnel revenue off shore. You can't tax a loss.

I work in tax arbitrage for a living and so I can pretty much guarantee I know a lot more about this than any other commentard. There is one other who posts, whom I won't name, that gives away a deeper understanding than the others, deep enough that I suspect an industry peer or colleague.

Codejunky has things pretty accurate. Tax is taken from the private sector employees and spent on public sector employees and infrastructure, in the main. The money doesn't belong to the tax man, it belongs to the individual or company earning the money. The tax is forced sequestration. You can argue about the extent of the need for taxes (too much waste/need more investment), but arguing about what tax is remains futile and wrong.

If tax were spent efficiently and correctly, payment of it would be voluntary. That it is compelled with menaces rather gives away the game as to how wisely the people paying the tax consider it is being spent.

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Giraffe hacks printers worldwide to promote God-awful YouTuber. Did we read that one right?

LucreLout
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Re: Get me a babysitter

The reason children and teens and young adults support PewDiePie is because he is the last good thing on the internet.

LOL!!!

Really? The last good thing? The final one?

Have you perhaps considered that maybe you could use the internet to, I dunno, learn stuff? Head over to coursera and pick up some knowledge from people that actually have some. Maybe you could pop over to github/other and get involved in a hackathon, creating something of value to a worthy charity or two? Or maybe you could hit once of the finance sites and learn about how money actually works, when you have to work for it?

The internet has many good things on it. PDP ain't one of them.

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LucreLout
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Re: Get me a babysitter

This is the difference between mainstream media fodder like you and people who seek the actual truth of things. If you're looking at anywhere but his channel PewDiePie will seem like a loud, arrogant, "goofy" douchebag, but if you took the time to actually look you'd see that Felix Kjellberg is an intelligent innovator that simply makes money doing what he loves; making skits, reviewing books, reviewing memes and giving his take on events on the platform (then occasionally playing some games).

He may very possibly be intelligent, but only if your definition of intelligent is "Intelligent relative to a very very stupid person". Sorry kiddo, but no matter how many accounts you set up here to troll us, PweDiePie just is not what we'd consider smart, clever, or intelligent.

We seem to have an infestation of the under 12s, or whatever demented and hapless demographic this particular tuber spends his days targetting. Any chance the admins could pause the new account creation until the tantrum blows over? I've no idea what a t-series is, but it's probably time to subscribe to their channel.

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LucreLout
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Re: Get me a babysitter

Circle Jerk communities like this don't take kindly to alternative points of view.

This is true, they don't. However, in defence of this specific "circle jerk" community, it's made up of generally successful people within the IT community, and given that all credible reports of the mean IQ of software industry types, its safe to assume the jerks in this circle are a shade smarter than average.

Given that you tube mostly plays to the cheap seats and ALL of its most popular videos and channels are aimed squarely at the back half of the bell curve, you might find it instructional to consider that these aforementioned jerks, are likely smarter than Felix.... just not as well known or rich. And certainly smarter, and richer than the great majority of his followers.

So, the real question is why someone would set up a brand new account here to rail against one specific article, fairly maligning one specific you tuber known for idiocy and decidedly low brow "entertainment"? I've avoided the word juvenille thus far, but I'm struggling to be honest.

I do give you credit, for attracting the most downvotes in the history of this particular "circle jerk", that I can recall seeing. Believe me, it's quite an achievment.

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Deck the halls with ... oh, no. DXC tells staff they may not have a job in the New Year

LucreLout
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Re: About to TUPE to this crowd

I'm about to TUPE over to DXC

It's been a while since I read the regs, but at least you probably have two years of income security to look forward to and that'll give you plenty of time to train up and ship out ahead of what I'd bet now will be an unpleasant third year.

Beer, for all those soon to lose their jobs, and best wishes to find something better soon.

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£10k offer to leave firm ASAP is not blackmail, Capita told by judge

LucreLout
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I do not think that I have ever heard of someone being given a couple of hours notice and a rounded offer to quit.

Standard operating procedure in the City. Redundancies are (almost) always via way fo a compromise agreement, which is what this sounds like.

I'm not specifically defending or condeming the practice, only offering that it's fairly routine for large companies and in some industries.

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Google internal revolt grows as search-engine Spartacuses prepare strike over China

LucreLout
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Re: No matter what happens

Google is going to lose many of its best and brightest over this.

It's a top flight employer. There's more people want to work there than vacancies for people to do so. Google knows that.

At the end of the day, as a shareholder, I appoint Googles board of directors to determine how the company is ran; not the employees, they're simply hired to achieve the vision. I realise that offends a lot of you, but it's the same where I work too - the shareholders, whomever they are, vote to (re)appoint board members, who select at CEO to achieve certain corporate goals (dirty capitalist words like profit and growth); "my" shareholders presume if I don't like that I'm free to find somewhere else to work.

One of the biggest problems many young people have is confusion over their right to have an opinion, the time to keep that opinion to themselves, and the weight the rest of us should ascribe to their opinions: The staff instructing the management team is the tail wagging the dog I'm afraid.

Let the (red) arrows fly if you must, but they won't change the facts.

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LucreLout
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Re: No matter what happens

The number is expected to keep rising for at least a few more years before leveling off.

Indeed. Voice interfaces, however invasive of privacy we consider them to be, will lead to an explosion in internet & search related activity because users will be interacting with them without requiring screen time.

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LucreLout
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Re: My advice to Google employees

but good luck finding one that would then tolerate the open dissent to its business decisions that (so far) Google has allowed. In the real (outside Silicon Valley) world these employees could be in for a very nasty shock.

Quite. In the banks for which I have worked their actions to date would have been considered gross professional misconduct and they'd have been dismissed. Depending on your politics you may agree with such employee behaviour or disagree with it, but either way, you won't find many employees at many large businesses behaving in this manner.

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Q: If Pesky Pepper had a peek at patient papers, at how many patient papers did Pesky Pepper peek? A: 231

LucreLout
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Re: Please let me know where you work...

your employer has said "Oh an AIDS test... you must be a druggie, you're fired

Boris, I totally agree with your post and have upvoted it.

However, the part I've quoted might vary more than many people realise. I've had an AIDS test, at a previous employers insistance. It was part of their hiring criteria, because they were privately funding life insurance for us and wanted to rule out pre-existing conditions that may have affected it. As you'll realise, this was a couple of decades ago.

So, yes, the receptionist should be punished because what she did was very wrong. However, not all employers will react badly - though she had no way of knowing how anyones employer would react.

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Alleged crypto-crook CEO cuffed by FBI after $4m investment in his bank bafflingly vanishes

LucreLout
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Re: Lazy thinking

Exactly how many globally-significant professional boxers have globally-significant Oxford and Cambridge produced?

Are you missing the point deliberately, or have you been hit in the head too much?

The point is that not all boxers are thick. Thick people don't gain entry to elite universities and gain sought after places on their competetive teams.

As you demonstrate admirably, it is more than possible to be stupid and not box. You're seeing causation where only weak correlation exists.

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LucreLout
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Re: Lazy sterotyping

Would you get boxing advice from your financial consultant?

No, but then I wouldn't take financial advice from such a consultant either.

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LucreLout
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Lazy sterotyping

He even scored a celebrity endorsement from the partially eared three-time world heavyweight boxing champion Evander Holyfield, although why you'd trust the perspicacity of someone who used to get punched in the head for a living escapes us.

Yawn. So all boxers / combat sportsmen are thick? Care to explain why globally significant universities such as Oxford or Cambridge usually have a boxing team? Or why both Klitschko brothers have PhD's? Sterotyping is lazy and often wrong.

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Mystery sign-poster pities the fool who would litter the UK's West Midlands

LucreLout
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Re: @Dave126

Right, so you propose an end to privacy for burger munchers, and a national database that will in practical terms identify their eating habits, movements, all added to the existing CCTV surveillance, just to address the problem of littering?

Between ANPR, your mobile phone, and your VISA history, they already have that data. There is literally no new data added in the mix, save potentially what you ordered, and I presume McDs know that already.

There's no new privacy invasion here - you already freely give that data to the state now. Of course, if you walk there without your phone and pay by cash you might have a point, but you'll still be able to do that with the face printing anyway. Just take your rubbish home and burn it - no DNA, fingerprints, or facial images left behind.

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LucreLout
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Should the bin get knocked over, escape whilst being moved from recepticle to transport, fly away in the wind at the recycling plant/tip etc, you would still be fingered for it.

Well, yes, but it would still be MY rubbish. As it'd only be a proportionate fine and an extremely rare occurrance, I think I could live with it. The window of opportunity for a bin incident is small, if we round up to 1% of disposals result in a bin problem, I'd have to eat drive thru McDs on average twice a week to get fined once per year.

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LucreLout
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Re: @Dave126

Have a small fine for every piece of litter linked to that franchise that encourages them to push back to customers to encourage more social behaviour.

Good idea - fine both the customer and the vendor. That way the vendors will eventually bar irresponsible customers, so even if the fines go unpaid (don't they all when on welfare), there's still an incentive not to be untidy scum.

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LucreLout
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The face and number plate of a McDonald's Drive-Thru customers are printed on the burger packaging at times of purchase.

That, Sir, is absolute genius. Even the most hard of thinking chav will preumably recognise their own mugshot on the wrapper.

Perhaps this could be linked to a publicly available and uptodate register of addresses, and also print their address onto the wrapper. That way if it turns up in your garden, you may return it to them.

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See this, Google? Microsoft happy to take a half-billion in sweet, sweet US military money to 'increase lethality'

LucreLout
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FAIL

Eh?

What is perhaps a little more surprising is that Microsoft went for the contract at all given an increasing level of upset among employees of tech companies that their employers are taking money from companies that want to use their handiwork to more efficiently kill other human beings.

Has the author failed to engage their brain before writing this?

Take two armies, any two, and position them within shooting range of each other and declare war upon each other. What you'll get is dead soldiers. Developing tech for your side that is better than that available to the other just means more of the dead are wearing their uniform than are wearing yours.

The only way to change the absolute number of dead soldiers, is to kill all of theirs before they kill many of yours, potentially producing a reduction in the total number of dead soldiers.

Abolition of warfare is not within the gift of software developers to give. It just isn't.

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Sacked NCC Group grad trainee emailed 300 coworkers about Kali Linux VM 'playing up'

LucreLout
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Re: Article unclear!

In this context what does "protected disclosures' and 'suffered detriments" mean?

Protected disclosure is a legal term with specific meaning, as is suffered detriments. I'll not paraphrase the facts as IANAL and may lead you astray. Terms may be found below:

https://uk.practicallaw.thomsonreuters.com/8-200-3427

https://legal-dictionary.thefreedictionary.com/detriment

Hope that helps.

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LucreLout
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Re: Would have expected this from a luser.

But from a fscking infosec 'consultant'? HACKED YOU SAY?

Okay, test your own defenses!

I've upvoted you because I agree with what you say, however, it may also be fair to reflect on the fact that this was a trainee infosec consultant and so the usual expectations of cabaility may not apply.

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Baroness Trumpington, former Bletchley Park clerk, dies aged 96

LucreLout
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Re: Advocatus Diaboli

Isn't this the sort of privileged life story we're supposed to look back on with, at best, mixed feelings nowadays?

Why on earth would you think that? The war generation are worthy of your respect. No caveats. No buts.

What exactly did she do for the Tories to get her title?

Probably a damn sight more than Chakrabarti did in the peeragewash.

Baroness Trumpington did a damn sight more for this country than I suspect you or I will ever do. So if you want to make empty headed, ignorant, and fact free lefty rants, facebook is over there --->

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Hands up who isn't p!*$ed off about Amazon's new HQ in New York and Virginia?

LucreLout
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Re: The New Feudalism

Basic mathematics ensures nothing.

As far as wrong statements go, this might be winner of the week.

The sort of people in the top 1% aren't generally the sort of people that will just deposit their money in bonds and live off the interest, as you claim.

I completely agree, which is why I made no such claim.

Equally, they're the sort of people that have a lot of stuff - houses that cost a lot more than most, cars that cost more than most (and more of them), and other stuff, that they could sell if they went bust, and still remain in the top 1%.

You've succomb to the numerous fallacies present in the works of Piketty and Stiglitz.

Hardly. I'm a full blooded capitalist. It's the greatest game in town. Piketty started with his conclusion and then sought only evidence which backed it. A typical fallacy of the economically socialist left.

According to the IFS, I'm in danger of being in the top 1% at the moment. I'm not sure I believe their numbers - apparently you only need 1 million USD of investable assets. Given how mobile most of my assets are, I've already taken steps to diversify away from the UK to protect against a potential far left government. As soon as McMao started talking about seizing 10% of the FTSE, I dumped it and put the money elsewhere. I'm up about 20% on that trade so far - it was more but the markets have had a wobble. Am I in danger of going bust or losing most of my wealth? Hardly.

My point was that its going to be very dificult for anyone on minimum wage to catch up to me - I make too much passive income for that to happen. You've fallen for the trap of assuming I see that as a bad thing, when I don't. I used to earn way below minimum wage too, before there ever was one, and I managed to work my way up the earnings and wealth scale. There's nothing, literally nothing, holding back anyne else from doing as I did. They just have to stop investing their time in moaning about the system, and start spending their time understanding how it actually works.

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LucreLout
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Re: The New Feudalism

Before getting to rebutting the bits of your post I dsiagree with, let me just agree that I think the HQ2 thing was nonsense and as a capitalist, such state aid amounts to insanity.

The self-styled elite have been fighting back and winning as we see life becoming harder and harder for average people while a small class of "one percenters" get richer and richer.

Globally, living in the UK or USA, you are in the top one percent.

Looking at the last IFS wealth study, many people with a house in the south east or a public sector pension are 1%ers. You need about USD 1M to hit the top 1%. Obviously, much like any bell curve, there's a huge difference between people in the outer extremes - the gap between someone at the bottom of the top 1% and someone at the top of the top 1% is many magnitudes greater than the gap between the person at the bttom of the top 1% and the most dirt poor person alive.

Back then, if you worked even a McJob, you could afford to rent a cheap apartment.

A 40 hour minimum wage job brings in £16286 a year. That's £1205 per month after tax, plus any benefits you're entitled to. It creates a mortgage and 10% deposit worth £60k. That's enough to buy a one bed place within 40 miles of almost any point in the country (I'll give you places like lands end due to geography may not hold true).

We need to fight against this "all for the one percent" philosophy that's taking over not only America but much of the world.

Fight if you must, but the war is lost. Basic mathematics ensures the top 1% will always get richer than those lower down the wealth spectrum, simply because their compound gains on assets will trump the whole income of those with low education low skill roles. I'll spend my time fighting to join the 1%ers, because its a lot more likely to happen than conjuring up ways to hold them back.

see to it that these corporations pay their fair share of tax

This whole concept is entirely debunked and was put to rest eons ago. Define fair. The problem is your idea of fair isn't my idea of fair and nor is it the next blokes. Everyone has different definitions and they have them for differing reasons too. There is no "fair".

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LucreLout
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Re: Improving psychiatry.

The only person I know of who uses Alexa and One-click shopping suffers from serious mental illness and has to take several powerful medicines on a daily basis.

Do readers have knowledge of other such cases? It would be interesting to see if there is a correlation.

I use one click shopping all the time, but not Alexa. Most of the consumerist largely unneccesary shite that I buy these days comes from Amazon. As far as I know I've no mental illness; certainly I've never been diagnosed with anything. I supposed ADD or Aspergers are possibilities, but given my middle age, I'm assuming it's not likely.

What I also get from Amazon though, is rather large increases in the market value of my stock portfolio.

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LucreLout
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Re: A billion here, a billion there...

You know, there's a word for the practice of making assumptions about people based on their ancestry rather than on their own words & actions...

How on earth did you jump to the race card based on the ponderings to which you responded?

My view of the post to which you responded was that the poster was discussing something similar to this:

https://en.oxforddictionaries.com/explore/how-many-is-a-billion/

Geography might very well be relevant to the discussion, even if the poster may end up being wrong about American trillions vs Puerto Rican trillions.

I understand Ms. Ocasio-Cortez is of Puerto-Rican descent, and in Puerto Rico they may use the "long scale"

I've looked again and can't find anything suggestive that Puerto Ricans can't add up in the OP. Specifically which part of the post are you assuming is racism? I'm genuinely confused rather than looking for an argument.

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Excuses, excuses: Furious MPs probe banking TITSUPs*

LucreLout
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Must do better

CEO Jes Staley kicked off (PDF) by downplaying the incident as a "partial system disruption" affecting "some" customers. He apologised for the glitch, but leaned on the fact that "no hardware or software can be 100 per cent fail safe".

Well, Jes, had Barclays put a little less energy into offshoring everything in sight, and a little more energy into retaining and motivating your competent staff, they wouldn't all have left the company. That you've nobody good left is a situation of your own making. It wasn't that long ago that St Anthony's leadership team could be heard proclaiming "This is an employers market and we intend to leverage that". They were warned how that'd end, but did they listen? Nope, and I'd bet they haven't learned much from it either.

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Shocker: UK smart meter rollout is crap, late and £500m over budget

LucreLout
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Re: Home security problem

I ring your doorbell.

Bang, I instantly know if you're at home or not*.

Google "millennial doorbell" and once you've finished laughing, report back.

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Merry Christmas, you filthy directors: ICO granted powers to fine bosses for spam calls

LucreLout
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Hope there's no loopholes - e.g. transfer of assets to spouse

That is a loophole they could use, but not without risk. If spouse tranfers them to tennis coach and elopes, you're screwed. There's other loopholes too, such as using offshore people as directors where they're beyond the reach of our legal system.

Fining the directors is a good idea, but I don't think it'll achieve a drop off in calls.

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Facebook to appeal against ICO fine – says it's a matter of principle not to pay 18 mins' profit

LucreLout
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Replace the ICO

However, it contended that the personal data of UK users was "put at serious risk of being shared" for political campaigning – and thus issued the enforcement action for failing to do enough to protect that info.

I really don't understand the ICO.

I've sent several complaints, all upheld, and they've never fined the scumbags so much as a bean. In the last case, a FTSE 100 company was deliberately choosing to ignore the law despite my having explained in detail that they were breaking the law and given them specific sections of the act they needed to comply with. They were choosing not to comply because doing so would have been embarrassing to them and would have ensured they lost the court case I filed against them. The ICO's answer to such a wilfull breach? A stern letter.

Farcebook, for all I loathe them and their stupid users, seems not to have provably circulated the data, according to the Reg article. Data put at risk of illegal sharing is not the same thing as data being shared illegally. On the one hand we have the maximum fine being levied, and on the other, where a FTSE100 stalwart repeatedly chose to break the law, the minimum penalty. Why the difference? Scale of law breaking isn't a feature of the act.

Not that I think farcebook should have escaped censure, only that if the ICO insist on continuing to play watchdog, then they are going to have to try a lot harder; where a breach has been deliberate it should always result in at least a midrange penalty. There's no excuse for a company making billions of pounds to flagrantly ignore the law to the detriment of their customers.

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Court doc typo 'reveals' Julian Assange may have been charged in US

LucreLout
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Assange charged? Good! Hopefully this waste of (couch) space can sod off and give us all a well earned rest.

I wonder what the cat-Ecuadorean for "Vapid, unintelligent, allegedly rapey personality vacuum" is, which presumably is the cats nickname for it's owner.

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