On May 4, 1:19*am, Nobody wrote:
On Fri, 04 May 2012 00:12:04 +0100, Arthur Figgis





wrote:
On 03/05/2012 14:00, wrote:
On Thu, 3 May 2012 05:02:57 -0700 (PDT)
*wrote:
On May 3, 12:44=A0pm, wrote:
On Thu, 3 May 2012 03:38:34 -0700 (PDT)

*wrote:
The financial services sector still brings in business, but HMG are
about to impose taxes on it.

For anyone with short memories - the investment banking part of the finan=
cial
services sector has cost this country billions in bail out money which we
still haven't recouped. Any sympathy for it is misplaced.

No sympathy, but London is still the major financial transaction
center (New York is number 2, Chicago number 3). *This is businesss
the UK can hardly afford to lose.

If we're not taxing it sufficiently then what benefit does it serve? A few
thousand jobs is chickenfeed in the scheme of things.

In the bigger picture, every industry is chickenfeed. A billion Chinamen
might consider the entire UK population to be pretty negligible in the
grand scheme of things.

gulp Chinamen?

Even before "political correctness" that was low.

On Thu, 3 May 2012 08:57:14 -0700 (PDT)
e27002 wrote:
If we're not taxing it sufficiently then what benefit does it serve? A fe=
w
thousand jobs is chickenfeed in the scheme of things.

Sort of: to hell with the foreign currency reserves and balance of
payents benefit.

There are 3 ways a private company or corporation contributes to a state:

1) The goods and services it buys or sells.
2) The tax it pays
3) The jobs it creates

For investment banking 3 is negligable, 2 is probably a lot less than it could
be and 1 , while useful , is hardly the pivot on which the whole economy turns.
The usefulness of The City in this country is vastly overstated.

B2003

On May 4, 10:02*am, wrote:
On Thu, 3 May 2012 08:57:14 -0700 (PDT)

e27002 wrote:
If we're not taxing it sufficiently then what benefit does it serve? A fe=
w
thousand jobs is chickenfeed in the scheme of things.

Sort of: to hell with the foreign currency reserves and balance of
payents benefit.

There are 3 ways a private company or corporation contributes to a state:

1) The goods and services it buys or sells.
2) The tax it pays
3) The jobs it creates

For investment banking 3 is negligable, 2 is probably a lot less than it could
be and 1 , while useful , is hardly the pivot on which the whole economy turns.
The usefulness of The City in this country is vastly overstated.

So there is now a way to import oil purchased with pounds sterling?

On Fri, 4 May 2012 06:26:17 -0700 (PDT)
77002 wrote:
For investment banking 3 is negligable, 2 is probably a lot less than it =
could
be and 1 , while useful , is hardly the pivot on which the whole economy =
turns.
The usefulness of The City in this country is vastly overstated.

So there is now a way to import oil purchased with pounds sterling?

Wtf has that got to do with investment banking other than them buying oil
as a hedge? They don't control the currency markets, they play them.

Without a lot of those parasite speculators the price of oil could be
significantly lower. There has been many a time when literally tanker loads of
oil have been sitting off the coast waiting for the price to go up so it can
be sold at a large profit.

B2003

On May 4, 3:17*pm, wrote:
On Fri, 4 May 2012 06:26:17 -0700 (PDT)

77002 wrote:
For investment banking 3 is negligable, 2 is probably a lot less than it =
could
be and 1 , while useful , is hardly the pivot on which the whole economy =
turns.
The usefulness of The City in this country is vastly overstated.

So there is now a way to import oil purchased with pounds sterling?

Wtf has that got to do with investment banking other than them buying oil
as a hedge? They don't control the currency markets, they play them.

Without a lot of those parasite speculators the price of oil could be
significantly lower. There has been many a time when literally tanker loads of
oil have been sitting off the coast waiting for the price to go up so it can
be sold at a large profit.

The point is that the UK needs foreign currency reserves. That means
exports. The UK's best performing exports are financial services.

Frankfort, Singapore, or Hong Kong would love to fill London's role,
and easily could.

On Fri, 4 May 2012 07:25:43 -0700 (PDT), 77002 wrote
in misc.transport.urban-transit:

On May 4, 3:17*pm, wrote:
On Fri, 4 May 2012 06:26:17 -0700 (PDT)

77002 wrote:
For investment banking 3 is negligable, 2 is probably a lot less than it =
could
be and 1 , while useful , is hardly the pivot on which the whole economy =
turns.
The usefulness of The City in this country is vastly overstated.

So there is now a way to import oil purchased with pounds sterling?

Wtf has that got to do with investment banking other than them buying oil
as a hedge? They don't control the currency markets, they play them.

Without a lot of those parasite speculators the price of oil could be
significantly lower. There has been many a time when literally tanker loads of
oil have been sitting off the coast waiting for the price to go up so it can
be sold at a large profit.

The point is that the UK needs foreign currency reserves. That means
exports. The UK's best performing exports are financial services.

Frankfort, Singapore, or Hong Kong would love to fill London's role,
and easily could.

London and New York seem to have the lock on it for the foreseeable
future.

On Thu, 3 May 2012 22:30:11 -0700 (PDT), e27002
wrote:

On May 4, 1:19*am, Nobody wrote:
On Fri, 04 May 2012 00:12:04 +0100, Arthur Figgis





wrote:
On 03/05/2012 14:00, wrote:
On Thu, 3 May 2012 05:02:57 -0700 (PDT)
*wrote:
On May 3, 12:44=A0pm, wrote:
On Thu, 3 May 2012 03:38:34 -0700 (PDT)

*wrote:
The financial services sector still brings in business, but HMG are
about to impose taxes on it.

For anyone with short memories - the investment banking part of the finan=
cial
services sector has cost this country billions in bail out money which we
still haven't recouped. Any sympathy for it is misplaced.

No sympathy, but London is still the major financial transaction
center (New York is number 2, Chicago number 3). *This is businesss
the UK can hardly afford to lose.

If we're not taxing it sufficiently then what benefit does it serve? A few
thousand jobs is chickenfeed in the scheme of things.

In the bigger picture, every industry is chickenfeed. A billion Chinamen
might consider the entire UK population to be pretty negligible in the
grand scheme of things.

gulp Chinamen?

Even before "political correctness" that was low.

Xie xie... I can safely go back to my chop suey and chow mein now. I
thought I wuz being overly sensitive.