Daily Archives: 14 March 2012
Teenager arrested for comments made on Facebook page
A teenager has been arrested for allegedly making comments on Facebook about the deaths of six British soldiers in Afghanistan last week.
According to Sky News, Azhar Ahmed of Ravensthorpe (19) posted comments on his profile page, criticizing the level of attention British soldiers who died in a bomb blast received, compared to that received by Afghan civilians killed in the war.
He was arrested on Friday and charged over the weekend.
A West Yorkshire Police spokesman said: “He didn’t make his point very well and that is why he has landed himself in bother.”
(Read more)
Israel is planning to demolish ‘illegal’ solar panels that are the only source of electricity for Palestinians in West Bank villages
Imneizil is not connected to the national electricity grid. Nor are the vast majority of Palestinian communities in Area C, the 62% of the West Bank controlled by Israel. The solar energy has replaced expensive and clunky oil-powered generators.
According to the Israeli authorities, these solar panels – along with six others in nearby villages – are illegal and have been slated for demolition.
Nihad Moor, 25, has three small children. The family live in a two-room tent kitted out with a fridge, TV and very old computer. She also has a small electric butter churn, which she uses to supplement her husband’s small income from sheep farming.
“The kids get sick all the time. At the moment, because of a change in the weather, they all have colds. Without electricity I wouldn’t even be able to see to help them when they need to use the [outdoor] toilet at night,” Moor says. “I don’t want to imagine what life would be like here if [the panels] were demolished.”
Imneizil’s solar system was built in 2009 by the Spanish NGO Seba at a cost of €30,000 to the Spanish government. According to the Israeli authorities, it was built without a permit.
Ron Paul Wins First Caucus: MSM Changes Rules, Reports Romney Wins
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Republican presidential candidate Ron Paul secured his first caucus
victory over the weekend, by winning 29 percent of the popular vote
among the people of the U.S. Virgin Islands. However, the mainstream
media decided to report that despite coming in second with 26 percent,
Mitt Romney was the real winner.
The Republican Party of the U.S. Virgin Islands reported the results as “112 to Paul (29%), 101 to Romney (26%), 23 to Santorum (6%), 18 to Gingrich (5%),”
In response, The AP and other mainstream reports yesterday claimed that Mitt Romney won caucus, because he stands to come away with more delegates. (Read more)
Why I Am Leaving Goldman Sachs
Over the course of my career I have had the privilege of advising two of the largest hedge funds on the planet, five of the largest asset managers in the United States, and three of the most prominent sovereign wealth funds in the Middle East and Asia. My clients have a total asset base of more than a trillion dollars. I have always taken a lot of pride in advising my clients to do what I believe is right for them, even if it means less money for the firm. This view is becoming increasingly unpopular at Goldman Sachs. Another sign that it was time to leave. (Read more)
How did we get here? The firm changed the way it thought about leadership. Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence.
What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym.
Today, many of these leaders display a Goldman Sachs culture quotient of exactly zero percent. I attend derivatives sales meetings where not one single minute is spent asking questions about how we can help clients. It’s purely about how we can make the most possible money off of them. If you were an alien from Mars and sat in on one of these meetings, you would believe that a client’s success or progress was not part of the thought process at all.
It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail.