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đŸ”„ MUST WATCH: Andrew Neil RUTHLESSLY RIPS APART Andy Burnham’s Big “Devolution Revolution” Plans! “The fundamental problem, which is the opposite of what Mr Burnham is proposing, is that in Britain, as in many western democracies, government has got too big, tries to do too much, and as a...

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Here are 3 ways that the current system screws over Wales. If politicians are not talking about these issues, they are not serious about fixing Wales' problems. ---------- 1. The Welsh Gov has less borrowing powers than a council. đŸŽó §ó ąó ·ó Źó łó żWales can only borrow ÂŁ150m a year (and ÂŁ1bn in total). That is the equivalent of just 0.57% of our budget. 🏮󠁧󠁱󠁳󠁣󠁮󠁿Scotland can borrow ÂŁ450m a year (and ÂŁ3bn in total). This makes it really hard for Wales to make big investments like building hospitals and schools unless we use super expensive funding models like PFI. The worst thing is, Scotland's borrowing rates have increased with inflation every year since 2016 whereas Wales' have been frozen! ---------- 2. Wales’ can’t even spend its own money If Wales makes good financial decisions and has money left at the end of the year, it is only allowed to carry over a very small amount. The total the Welsh Government can have in the reserve is ÂŁ350m. While that might sound like a lot, it really isn’t in a government context. The Welsh Government’s budget is ÂŁ27bn. This means that the Welsh reserve is just 1.35% of its budget. And that ÂŁ350m isn’t per year, that is the total it can carry. This means that if the Welsh Government reserve is full, then any money that isn’t spent is just taken back by the Treasury in Westminster. What makes this system even worse is that the UK Treasury has imposed limits on how much of its own reserves Wales can even use! Of the ÂŁ350m Wales can only access ÂŁ175m a year. Scotland has a reserve of ÂŁ700m AND it has no limit on how much of that it can spend. Plus yet again, Scotland’s was linked to inflation whereas Wales’ wasn’t. There is simply no justification for Wales being treated differently to Scotland. The UK Government isn’t able to get away with treating Scotland like Wales because the Scots wouldn’t stand for it. ---------- 3. Rail Because rail is devolved in Scotland, when the UK Government spends money in England on rail, Scotland gets extra cash. Scotland gets billions of pounds in extra funding because of HS2 (which is only in England). But because rail isn’t devolved to Wales, the Treasury can class HS2 as an “England and Wales project” meaning Wales gets nothing. It is worse than that. Because HS2 is counted as a Welsh project, it stops Wales getting extra money in the future because on the spreadsheet it looks like Wales has already had investment (even though it all went to England). ---------- You could have the best politicians in the world in Cardiff Bay but they still couldn’t fix Wales’ problems because the tools at their disposal are not fit for purpose. The challenges Wales faces are not because of immigrants, they are because the system of funding we have is set up so that we can’t fail to fail.

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They’re not hanging about are they? A full cabinet
 a flurry of policy announcements
a speech from the Chancellor and a tour of all four nations by the Prime Minister. No time to sit in a dark room, pour a stiff drink and recover after the general election campaign. And to be honest, you can see why. The incoming Labour Government has built almost their entire economic strategy around one thing: growth. If you ask them how on earth they can improve public services without putting up taxes or breaking their fiscal rules, this is the answer they give. Growth. The problem is
 it’s quite hard to get growth. You can’t just click your fingers and it comes. And it’s unpredictable. It’s a bit like when I try and follow a recipe
 I put in all the right ingredients but I’m never sure what’s going to emerge at the end and what it’s going to taste like. It’s the same with growth. You can do all the right things
 but a big international event, or an unpredictable national crisis happens and that changes everything. Every Government wants growth. But it’s not that easy. So you can see why Labour isn’t hanging around. Today Rachel Reeves is pulling out all the stops to try and get growth back into the economy. She’s bringing back housebuilding targets, overhauling the planning system, and ending the ban on onshore wind farms. And they need it to work. Because without growth, they’ve got a big hole in their economic plans. Video 👇

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Marc Andreessen explains the 3 Necessities for Start-up Success: "The general criteria for a successful high-tech startup, in my view, you see different sort of rules of thumb from different people. But the three big things you always come back to are, is there a big market? And by the way, that comes in two parts. Is there a big existing market that you think you can go after and sort of displace incumbents or do you believe there will be a new market that will be big? So big market. Is there a fundamental technology or economic change that causes you to basically justify having a new company? And that's really important. And the way I always think about that is, is there a 10X change happening in the technology landscape? Is something 10X faster or 10X cheaper or 10X better? And if it's not 10X, we as both VCs and entrepreneurs, we really have to ask ourselves like, is it really worth doing? Because it's really hard. I mean, it's really hard to start new companies. new companies generally shouldn't exist. Existing companies are usually pretty good at what they do. And so for a new company to exist, it not only has to like come in and go into business and bring a product to market, but it has to bring a product to market that's so much better than what already exists that it punches through the sort of status quo. And most customers in most markets are pretty happy buying from the current suppliers and so there has to be a real kind of edge on the thing and we look for that in either a technology change, usually a technology change or an economic change. which are often the same thing. And then the third is team. Is the team outstanding? And if you think about this as an entrepreneur, it becomes a question of the founding team. Some companies are solo founders and they can work, but generally most of us, like myself, we're human beings, we're mortal. You want to have a founding team of complementary skill sets. And so you want to have at least one super strong technologist, quite possibly more than one. Some of the best startups are actually more than one founding technologist and then it often helps to have somebody who's like a product or who's a market or sales person or has a sort of really good understanding of business on the team, certainly helps a lot. And so we sort of look at market, product, and team. And the reality is you need all three. I would say, interestingly, if you're going to compromise as an investor, if we're going to compromise on one of those, it would actually be the product. And the reason I say that is because a great market is a lot easier to make up for with iterative product execution than a poor market. Because the problem with a poor market, a small market, is even if you do a great job on the product, there just aren't that many customers. It's hard to ever get big."

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French Army General and Chief of the Defence Staff Thierry Burkhard Chef d'Ă©tat-major des armĂ©es: "Russia is a lasting threat. The war in Ukraine is existential for Russia. And it is determined to achieve what it has set as its goal, or at least what Putin has set as his goal, with the ultimate objective, in military terms, being to weaken Europe and dismantle NATO. That is Russia's goal, it is Putin's goal. To achieve it, through the war in Ukraine, it has reorganized itself quite quickly and effectively, setting up a war economy that is now running at full capacity. This war economy, I believe, is currently one of the key factors keeping the Russian economy afloat. And so, there is no reason - and even a kind of impossibility - to abruptly stop this. This means that Russia will continue to rearm at this pace. And so, despite the losses it is suffering, the incredible losses it is suffering, we estimate that by 2030, it will once again be a force that will pose a real threat to our borders on the eastern flank of Europe. It is clear that what is at stake in Ukraine is, on the one hand, the security of Europe, but I also think that it is, in fact, the place of European countries in the world, in tomorrow's world, in the world that we are shaping today. And if the outcome in Ukraine were a Russian victory and a Ukrainian defeat, we often say that would be a Western defeat, I think that it would be, and is increasingly becoming, due to the American stance, something that would be a real European defeat. And this European defeat is something we would have to endure and absorb. So, Ukraine, of course, must be defended as such. And I think that defending Ukraine is also, in a way, about how we see ourselves and what we are willing to do to shape Europe as it needs to be in the future, and live in today's world. And you understand that, if that doesn't happen - to use an image that has already been used - we would become something like herbivores in a world of carnivores. And that's not a very comfortable position — being at the bottom of the food chain. So for that reason, we must remain extremely vigilant."

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Marc Andreessen on the 3 things he looks for when investing in a startup The first thing Marc Andreesen looks for is a big market: “Is there a big existing market that you think you can go after and displace incumbents? Or do you believe there will be a new market that will be big?” The second thing he looks for is a 10x better product: “Is there a fundamental technology or economic change that justifies a new company? And the way I always think about that is: Is there a 10x change happening in the technology landscape? Is something 10x faster, 10x cheaper, or 10x better? If it’s not 10x, we as both VCs and entrepreneurs have to ask ourselves if it’s really worth doing because it’s really hard to start new companies . . . Existing companies are usually pretty good at what they do. So for a new company to exist, it has to bring a product to market that’s so much better than what exists that it punches through the status quo.” The third is the team: “Is the team outstanding? . . . You want to have a founding team of complementary skillsets. You want to have at least one super strong technologist — quite possibly more than one. Some of the best startups are actually more than one founding technologist. And then it often helps to have someone who is a marketing or salesperson who has a really good understanding of business.” Marc believes that you need all three of these, but if you’re going to compromise on one of those as an investor, it should be the product: “A great market is a lot easier to make up for with iterative product execution. The problem with a poor or small market is that even if you do a good job on the product, there just aren’t that many customers so it’s hard to ever get big and people get demoralized . . . And then we evaluate the team of a startup by its ability to get into a big market with a good product.”

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Buttigieg: It is not too much to ask that, in this country and in this state, one job ought to be enough, which means wages and benefits that make that possible. It’s not too much to ask that you ought to be able to afford to raise a family in this country—to put your kid in child care if you want, or stay home and take care of them yourselves if you want, or do some combination of that if you want—and still have it add up at the end of the month. It is not too much to ask that the wealthiest country in the world have the best health care in the world and that it have the best-funded public schools in the world. And it is not too much to ask that the largest corporations and wealthiest people in this country pay at least as much of their income and wealth in taxes as a schoolteacher, a bus driver, or a firefighter. It is not too much to ask for a different kind of politics, where you look at your leaders in action and actually feel your blood pressure come down a little bit instead of going through the roof. That is a reasonable thing to expect of our leaders. It is not too much to ask. We can do this. Most of us already want this. So the obvious question is: Why hasn’t it happened? And that’s where we’ve got to talk about the system that we’re living with, which, by the way, as a politician, they kind of tell you not to do. Consultants say, “Look, no one’s going to get too fired up about the details of our democratic system when they’re just trying to keep their heads above water in this economy,” which I get, and to some extent I agree. But the reason that so many things are wrong with our economic picture is that so many things are wrong with our political system. And we’ve gotten so used to it, we can forget that there was a time when our political system was the pride of this nation. Wars have been fought for our system, starting with the first one—the one that launched 250 years ago with the Declaration of Independence, the one that gave this nation its being. The Founders risked their lives for a better political system. So don’t tell me it can’t stir people’s hearts. Don’t tell me that it’s not worth fighting for. Especially because until we do something to change our political system, we will continue to suffer from an economic system that lets us down: monopolies squeezing families and farmers on both ends; consumers and workers caught up in a system that can’t serve them; small businesses swamped by the big guys. Right now, what’s at stake is nothing less than the American dream. It is endangered.

Acyn

40,695 Aufrufe ‱ vor 1 Tag