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Kemi Badenoch clearly decided that it would be difficult to call for calm around the Henry Nowak case, and then to spend Prime Minister's Questions talking about it at length. The format of the session rarely lends itself to calm, and she had rightly judged that others – including...

38,477 Aufrufe • vor 2 Monaten •via X (Twitter)

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Warren Buffett on the single best thing an investor could have done in 1942: At a recent shareholder meeting, Buffett explains that he normally goes straight into questions and answers. But this time he opened differently, because he felt the usual format was teaching the wrong lesson. As he puts it, "all the questions would naturally tend toward current events." So he went back to 1942, the year he bought his first stock, to make a point about everything that has happened since. "We've had 14 presidents, seven Republicans, seven Democrats. We've had world wars. We had 911. We had the Cuban missile crisis. We have all kinds of things." His lesson? None of it should have changed what you did with your money. "The best single thing you could have done on March 11th, 1942 when I bought my first stock was just buy an index fund and never look at a headline, never think about stocks anymore. Just like you would do if you bought a farm. You just buy the farm and let the tenant farmer run it for you." Then he gives the number. Buffett describes putting $10,000 into an index fund that reinvested dividends, and he pauses to let the audience guess what it would be worth. The answer: "it would come to $51 million now." The only belief required back then was simple: "The only thing you had to really believe in then is that America would win the war and that America would progress as it has ever since 1776. And that American business, if America moved forward, American business would move forward." Notice what he says you did NOT need: "You didn't have to worry about what stock to buy. You didn't have to worry what day to get in and out. You didn't know the Federal Reserve would exist."

Black Edge

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We now know the truth. Rachel Reeves spent the months leading up to the Budget claiming she would need to make difficult choices because of a downgrade in the economic forecasts that was not of her making. She even let it be known she was considering raising income tax rates. But as I pointed out in my letter to the Office for Budget Responsibility last week, Labour’s story did not add up. It was all a smokescreen. Labour knew all along that they did not need to raise taxes and break their promises. It was an active choice to do so, to fund a huge increase in welfare spending. The OBR have now made that very clear. It appears the country was deliberately misled to try to explain away Labour’s decision to spend billions more on welfare. Not only did the Chancellor let it be known that the OBR were forecasting lower productivity - forecasts which are meant to remain confidential until the Budget - but she failed to mention the fact that other changes to their forecasts “more than offset” the impact, in the OBR’s own words. As I raised in the House of Commons yesterday, and in my letter to the OBR, the briefings, the leaks and the Chancellor’s infamous ‘Cheerios’ press conference in Downing Street were totally unacceptable. I will also be following up my exchange of letters with the Treasury Permanent Secretary about the leaks and briefings. Some people may even have faced higher mortgage rates thanks to the impact on markets from Labour’s chaotic briefings. Rachel Reeves wanted us to believe she had no choice but to raise taxes on working people. But she did. She chose to raise taxes and break her manifesto so she could spend more on benefits. That’s the reality.

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#WATCH | Delhi: Speaking on retired Indian Army Major Vikrant Jaitly's case, Vikrant's wife Charul Jaitly's lawyer, Major Sudhanshu Pandey, says, "Vikrant was an ex-army officer... In 2016-17, due to family circumstances, he took premature retirement, and since then, he has set up his own work and has been settled in Dubai, where he is working... What we have been told is that there were some national security issues and cyber issues in respect of some different companies with whom Vikrant may have had some dealings... His wife was trying to find out what exactly had happened... She got in contact with the Ministry of External Affairs; everything was explained to them; Vikrant was given counsellor access; and thereafter, it was said that there are some investigations going on in respect of the case against different people, and during that investigation, it would be necessary for Vikrant to be there... Celina was the one whom she contacted first when she got to know about this, and she did not, at that point in time, come forward in any manner to help—at least, any visible help did not come from them. The case happened on the 6th of September 2023... She followed the protocol... and went about the case the way she was advised... She decided to wait for the case to get over... While Charul was never informed by Celina that she had decided to take any legal recourse in this matter, it would have been better if she had consulted Charul and discussed that this is what she was going to do about this. Charul would have come forward, and they could have taken steps that were in the best interest of Vikrant... The reason for filing the case is that if this was something that was motivated by her genuine concern for her brother, she should have consulted us... But to say that she is not being given information or that his wife is not giving her information, we actually strongly rebut because there are absolutely no such reasons. Charul was going to everybody whom she had a hope would be able to help Vikrant... We have been told that some investigation is in the process for which he is required, and when it is over, we will be able to have a better insight into the disposal of Vikrant." (06.12)

ANI

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Can any of my friends from the Boomer Generation answer this for me? Why are the Boomers so offended when ask to see their ID? This bank teller was explaining how she goes through this all the time. They always tell her that they’ve been banking there longer than she’s been alive. Showing an ID is just a simple measure to prevent fraud and theft, yet they yell at her for it. I ask because this happens to me all the time, even on the phone. Back at the pizza shop I would have an elderly man call in an order for food and most of the time he picks it up himself, no problem at all. However he started sending other people to pick it up as well as have other people calling the order. When the person picking up shows me his card which I recognize his name which had his photo on it, I won’t accept it without and ID as well, just a precaution. He then had to come all the way down there just to yell at me because obviously it’s for him and I shouldn’t have hassled him. I tried to explain to him when he calls it in and picks it up I know it’s him. However when others call it in and pick it up, I can’t verify if it’s actually legit or not, what if somebody stole his card and tried to use it. He still had an issue with it and explains that his grandkids should be able to use his card, I tell him that’s not how it works and if he kept giving my staff a hard time I would ban him from the store. I don’t need anybody threatening the workers over something meant to protect him. Should I just have let anybody use his card without verification at the shop? What if somebody did steal his card and spent his money, then he would have been mad at me for letting them do it.

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