In todays news...

[irie]

Given ...

1. The USS Gerald Ford and USS Dwight Eisenhower are now deployed in the Eastern Med.

2. The latest US worldwide terror warnings to American citizens.

3. Unconfirmed reports that Biden has given the go-ahead to an IDF offensive in Gaza.

... the IDF offensive looks set to be on a sabbath - either Muslim, Jewish, or Christian.

On a "sabbath" but a week later.

Hezbollah seems to be keeping it's head down, but for how long?

[KungFooBob]

The factory is just round the corner from my house.

https://www.bbc.co.uk/news/uk-england-leeds-67267093

Must have been David Seaman's fees.

[David]

The factory is just round the corner from my house.

https://www.bbc.co.uk/news/uk-england-leeds-67267093

Must have been David Seaman's fees.

The most awful window firm I ever dealt with.

[Mussels]

The factory is just round the corner from my house.

https://www.bbc.co.uk/news/uk-england-leeds-67267093

Must have been David Seaman's fees.

The most awful window firm I ever dealt with.

I don't think they helped themselves much.
BBC News - Safestyle UK: Window firm fined for 'aggressive sales'
https://www.bbc.co.uk/news/uk-england-s ... e-44844422

[JackyJoll]

You only fit double glazing once, so fit the best.

[KungFooBob]

The factory is just round the corner from my house.

https://www.bbc.co.uk/news/uk-england-leeds-67267093

Must have been David Seaman's fees.

These events were as obvious as inflation and interest rates rising.

Look at the financial performance of any company before covid when the economy was contracting, if they were struggling then it's very likely that they'll go bust now. The Bank of England flooded the economy with so much newly printed money during covid (plus furlough/grants/etc) that it kept things artificially afloat in a little fantasy bubble, and now it shouldn't be a surprise when you see some companies start going under.

The actual numbers predict a very bad 2024, but you don't need to understand those, you can gauge it by the amount of lies and nonsense the government and BoE talk, the more shite they talk, you know the worse it actually is.

Auntie Beeb agrees...

https://www.bbc.co.uk/news/business-67261798

[Mr. Dazzle]

I said ya buy one, ya get one free!

[weeksy]

None of this is a shock though is it... I mean seriously. People have less money due to inflation, therefore are spending less... What's the shock here ?

I'm not even sure how this registers as 'news'

[Cousin Jack]

None of this is a shock though is it... I mean seriously. People have less money due to inflation, therefore are spending less... What's the shock here ?

I'm not even sure how this registers as 'news'

You are using a very old-fashioned definition of 'news'. Today it means what everyone already knows and are twittering about.

[Mr. Dazzle]

X, formerly twittering about.

[KungFooBob]

I've written a P&L dashboard in PowerBI for the FD, I like to think I know how well the company is doing

[weeksy]

None of this is a shock though is it... I mean seriously.

Perhaps it wasn't a shock to you because you had the benefit of me repeatedly telling you it was going to happen

I think it came as a shock to the 650 without jobs today, and no doubt it will come as a shock to the thousands of other people it's still yet to happen to. Saying that, even if they were members here and I was warning them they'd probably still be trotting out the same stuff saying "it won't affect me" or "but what can I do about it...".

No it won't... it won't come as a shock to any of them, anyone can see the way things are, none of this is even remotely newsworthy apart from the fact that lots of companies are folding... But is that news... well, not really.

It had nothing to do with you telling us, you can see it walking down any highstreet, walking into any pub, going to any shopping center... People are not doing as well as they were in terms of disposable income.

[JackyJoll]

Some kinds of prediction aren’t all that hard to do.

During a long period of low interest rates and low inflation, even I could safely say that these parameters were not going to go down: they were going to go up.

Potter is right about people not paying attention (I don’t mean you people). Intelligent colleagues about twenty years younger than me, so born around 1980, either couldn’t grasp that rates were bound to rise, or they were happier not believing it. All they did was moan about low interest on savings.

[Bustaspoke]

The factory is just round the corner from my house.

https://www.bbc.co.uk/news/uk-england-leeds-67267093

Must have been David Seaman's fees.

Only had the misfortune to deal with them once,never again.

[weeksy]

No it won't... it won't come as a shock to any of them, anyone can see the way things are, none of this is even remotely newsworthy apart from the fact that lots of companies are folding... But is that news... well, not really.

It had nothing to do with you telling us, you can see it walking down any highstreet, walking into any pub, going to any shopping center... People are not doing as well as they were in terms of disposable income.

Oh I see what you mean, yes now it's actually happening you'd be hard pressed to miss it or ignore it.

I remember saying this a couple of years ago, I said you could put your head in the sand and pretend it isn't coming, or prepare for it by cutting back, because if you wait until it's actually happened and it's right under your nose then it's too late.
Now it's too late.

WOuldn't 'cutting back' have just moved it on further and quicker. Demand would have been lower for things, people would still be getting laid off, they'd just potentially have a bigger bank account to compensate for it, but arguably, it would still have happened. Just a question of when.

However if you're in a job, leaving that job is often hard and moving out of Sector A of sales for example, wouldn't be any worse/better than Sector B, so what were they to do, their jobs were safe, right up until the time they were not. There are of course some 'safe' industries at the moment, but picking and choosing them wasnt/isn't easy.

[Mussels]

None of this is a shock though is it... I mean seriously.

Perhaps it wasn't a shock to you because you had the benefit of me repeatedly telling you it was going to happen

I think it came as a shock to the 650 without jobs today, and no doubt it will come as a shock to the thousands of other people it's still yet to happen to. Saying that, even if they were members here and I was warning them they'd probably still be trotting out the same stuff saying "it won't affect me" or "but what can I do about it...".

No it won't... it won't come as a shock to any of them, anyone can see the way things are, none of this is even remotely newsworthy apart from the fact that lots of companies are folding... But is that news... well, not really.

It had nothing to do with you telling us, you can see it walking down any highstreet, walking into any pub, going to any shopping center... People are not doing as well as they were in terms of disposable income.

They might not see it at their work.
When I've worked at privately owned companies there are regular meetings to announce how great the order book is and how well the company is doing, if you haven't worked for a failed company before you might believe them despite the layoffs.
A few years back I left a company that was making lots of positive announcements, a few weeks later they folded just before payday so people didn't even get that month's pay. There were CCJs taken against it so it was there to see but I don't know anyone that looked.

Edit: I checked and you have to pay to check CCJs, that's why nobody did it.

[JackyJoll]

WOuldn't 'cutting back' have just moved it on further and quicker. Demand would have been lower for things

If I cut back on things, or moved out of a boom-and-bust industry like selling windows, that wouldn’t much hurt the economy.

If everyone did, then yes.

[Cousin Jack]

This corrupt policeman will probably walk away with a golden handshake https://www.bbc.com/news/uk-england-london-67277752

3 years for a process that should have taken 3 weeks? Working for an FAA licensed aircraft maintenance company I was subject to random drug tests. Refusing was instant dismissal, and an appeal would taken about 2-3 weeks max.

The Police Service have lost the plot.

[Mussels]

This corrupt policeman will probably walk away with a golden handshake https://www.bbc.com/news/uk-england-london-67277752

Three years and he hasn't been able to fit someone else up for it, he's slacking. I wonder how many trumped up charges his ex flatmate has been dragged in for since the complaint.

[Docca]

https://x.com/saeed3373/status/1719458877089915278?s=46

It’s a decent summary. I think the tide of support for Israel is turning.