Posts

(13f) Love letter by Mr Timmermans to Britain

Image
Mr Frans Timmermans, executive vice-president of the European Commission, wrote a letter which he calls a love letter as a response to the UK that may be leaving the EU soon, the so-called Brexit. In his letter he tells the British that they are more than welcome to return may they decide to do so. Of course, after Brexit is completed, the British can return if they wish. But, I think, first Brexit has to be completed and the sooner the better so relations can return to normal and the UK may consider to rejoin. Or not. Organisation of referendum First, in the fifth paragraph of the letter Mr Timmermans mentions although not by name that David Cameron made a wrong decision when he organised the EU referendum. I don't agree; even the LibDems who were in the coalition with the Tories didn't block the referendum as they could have done by leaving the government. I accept many politicians may have thought that organising the referendum would have silenced the leavers whi...

EU - Russia bad deal

Image
I agree with US President Trump when he condemns Europe and approves sanctions against companies for Europe's gas deal with Russia as we become indeed too dependent from Russia. Two main reasons why I think this is a bad deal: climate change and Russia's bad influence in the world that needs funding. But, I also understand it is against the USA's fossil fuel trade with Europe. Wrong energy Europe, always telling others they need to take climate change serious because it will be bad for (Europe's) economy while it seems Europe doesn't mind poor regions remain poor. Europe condemns Brazil and other countries when they burn and destroy their forests to use the land to culture food that is exported to Europe. Europe also uses hard wood that come from forests. And yes, land is also used to build cities for growing populations. But, also Europe continues to destroy its few forests instead of replacing derelict buildings. Europe also asks developing nations a...

(10l) The right to decide how to die

Image
Marieke Vervoort . Belgian Paralympics champion. In October 2019 she, or better her body decided for her that further living became unbearable painful. And thus, although she wanted to live, her body decided it was time to use Belgium's right to die a dignified death under Belgium's euthanasia law. Indeed, sometimes Belgium can be an example for the rest of the world. A touching NY Times article to honour her and a personal thought by the photographer who pictured her during the past years to show that euthanasia is not something that is an easy escape route as she postponed her end a few times until it was clear to everyone her suffering became too much. It seems the parents are not happy with the photos although I hope they change their mind in future. Indeed, Marieke wanted to show the world why dignified death is not something wrong. Euthanasia in any circumstances without judgment And although euthanasia is possible with the possibility to cancel the final end unt...

Confederalism - not necessarily evil

Image
Situation Extreme left, left, green and extreme right all voted for more money for nurses as they are essential workers who save lives. Centre and centre right parties claim this is irresponsible because of Belgium's major debt problem that partly exist because it's historic from the time Belgium had only one government and needed to divide expenses in a certain ratio between Flanders and Wallonia even when only one region needed money to invest and because Belgium, like other countries, had to save its financial sector 10 years ago. Also the socialists are condemned and accused of throwing away money but this was to be expected as a social party can't accept that underinvestments in the social sector last for ever. Now parties are saying that the separatist right-wing Flemish party NV-A has to take responsibility by forming a coalition with the Walloon socialist party PS that is strongly pro Belgium so a real budget can be agreed and as the EU demands. Still, this ...

(7g) Payments for former partners and new crisis looming

Image
Companies pay former partners Even politicians start to get fed up with incompetence. PwC (PricewaterhouseCoopers) paid former partners for a total of about £100 million , thus people who no longer work for the company. This at a time when it seems they were incompetent to check certain companies so they failed while afterwards the same PwC earned millions to overlook the dismantlement of one of these company and thus PwC earns twice: first to overlook companies whereby they fail to notice mismanagement so the company goes bankrupt and thus little if anything remains for shareholders while other companies probably have to pay more when they want to buy viable parts of the company. Indeed, accounting companies should be forced to split their audit and consulting businesses into two separate companies without any link to avoid abuse of powers. Indeed, being ruthless and without compassion is the only way to work at such accounting companies. These companies also calculate the ...

(11m) Prince Harry and Meghan Markle versus the tabloids

Image
What was to be expected that may happen one day: a war against the tabloids by Prince Harry and his wife Meghan Markle . Indeed, Prince Harry never forgot how the media was responsible for the dead of his mother and thus now he wants to protect his wife and child against the gossip media, certainly because part of the media is considered as hostile towards his dark-skinned wife who decided to have a break away from the media during her pregnancy as is her right to do. He's not the only person who is fed up with the intrusion of privacy by part of the media , a media that has been warned since years they are overstepping lines. And thus, as phone hacking is illegal without a court order, I think they should be able to win that part if they can proof part of the media hacked them. Of course, it will not make them popular with the media. However, after reading this article whereby I understand her father went to the media with the letter she wrote, it seems to suggest the real ...

(7f) Debt laden companies and dangers to the global economy

Image
I've mentioned it before: interest rates should not be too low. Indeed, people who save should earn something that they can use to spend in the economy. Similarly and as mentioned in this article , borrowing should not be too cheap and thus easy to avoid that more risks are taken by borrowing too much as that can destabilise the economy. Indeed, companies need to sell and according this they can invest more although that doesn't mean they can never borrow to expand, but only when needed and not only because interests are low so companies expand too quickly and not according the need. And thus, as companies seem to borrow too much while customers have almost no return on savings so they spend less (although many businesspeople and economists think this is good for the economy as they think it will force people into buying shares that at this moment still give larger returns than saving accounts), predictions are that companies may feel it very severely when a new, ...