Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Does anyone else feel that Georgie Boy, our chancellor has just kissed away £2billion in his earnestness to cozy up to the Chinese.? Even if you agree that a new power station is required (I do) and the Chinese can finance it (I do not). Surely capitalist principles require the risk should be priced in. A extra safety fall back should not be required.

no i do not, per my comment yesterday

Glencore still dropping like a stone. Happens when directors get too smart with investors.

Will.

He has just come back from the Bullingdon club!

Sorry cynic, I read your post again. I would have no problem working with them, but they aren't actually building it, they are providing the finance. With a fixed price for the resulting power why do we export such good deals. Especially now with a fall back bailout.

With the "City" based in London, a world leader in finance, why do they need the Chinese?

Good question.

Right on max. I read somewhere that London fancied itself as the best in the world at raising dosh. Obviously not when this country actually needs some.

Yes, it's not as if they would be doing it for nothing.

confess i also thought there was chinese "muscle" involved too, but as i wrote, these mega international deals are never ever as straightforward as the headline indicates

Cynic. Agree with you, building a power station is a big job. But we've done it before. I have a problem with infrasture not being financed by our ownselves. In order to get someone else to pay for it we still have to under right the risk. Some one else will get a good return.
If the "market" can't price the risk they are probably telling us something.
The theory of efficient markets and all that bollocks.
Wish someone backstopped my pricing risks.

you didn't read what i wrote :-)

perhaps i should have used simple rather than straightforward

i wouldn't trust any of the bastards :-)

Seconded!

looking at yahoo.uk just now, i came across quite a long article courtesy of the Fascist Gazette, so therefore to be accepted in full with some caution ....... anyway, an excerpt below ......

Refugees shun France, land of red tape, unemployment and poor housing
Refugees are steering clear of France in favour of Germany, Sweden and Britain because they see the country as unwelcoming and economically depressed, migrant experts and aid groups said on Monday.

Red tape, unemployment rates of more than 10 per cent and a ban on working for up to nine months while asylum requests are processed are among the factors leading the vast majority of refugees to avoid France.

................

Of the four million Syrians who have fled their country since war erupted in 2011, only 7,000 have received asylum in France.

...................

One Kafkaesque French rule, for example, requires refugees to have an address to start the asylum process. The catch is that you cannot get an address until you are in the system.
Adding to their woes is the fact that few administrative staff speak English and most forms are in French only.

Our forms are printed so all third world and East Europeans can read them, and in Welsh. How much do we pay the translators ?

Next all road sign's will be in Arabic

Today's most incredible news and by a mile!

VW could face a fine of up to $18bn (£11.6bn), criminal charges for its executives, and legal action from customers and shareholders amid claims in the US that it used a device to falsify emissions data. The device recognises when the car is being tested and immediately cuts emissions to a level much lower than normal and which would be unsustainable under normal driving conditions.

In a statement, VW said: “Discrepancies relate to vehicles with Type EA 189 engines, involving some 11m vehicles worldwide. A noticeable deviation between bench test results and actual road use was established solely for this type of engine.

Amazing!

Anyone with half a brain has to ask:

Are there any other manufacturers out there doing the same thing?

My £10k bet (usually it's just a £5 note) says: Are you for real? Of course there are!

Amazing!

With a bit of luck, the end of the German €uro project.